SAIC heavily invested lithium battery new energy vehicles target 600,000

SAIC previously predicted that China’s new energy car market will usher in explosive growth, so in the field of new energy has launched a rapid layout. SAIC officially informed that the car will be through its wholly owned subsidiary and Ningde era set up two new joint ventures, mainly engaged in the development of lithium batteries, production and sales.

According to SAIC Group insiders, the joint venture company’s total planning scale will reach 30GWh, can have the equivalent of 600,000 pure electric Roewe (microblogging) ERX5 battery production capacity. In accordance with SAIC planning, new energy models in 2020 sales to reach 600,000, the new power lithium battery project will undoubtedly provide more adequate power protection.

According to the announcement, SAIC will set up two joint ventures through its wholly-owned subsidiary, Shanghai Automotive Group Investment Management Co., Ltd. and Ningde New Energy Technology Co., Ltd. (hereinafter referred to as “Ningde era”), SAIC Power Battery Co., Ltd. and SAIC Power Battery System Co., Ltd.

SAIC and Ningde era joint venture products, in addition to the supply of SAIC own brand products, will also enter the SAIC joint venture procurement system, which means that, including SAIC own brands and SAIC joint venture, including SAIC and Ningde era Of the joint venture company purchasing power battery.

Which the era of SAIC Power Battery Co., Ltd. registered capital of 2 billion yuan. SAIC to hold 49%, Ningde era to hold 51%, the company will be mainly engaged in lithium-ion batteries, lithium polymer battery development, production and sales and after-sales service.

SAIC Power Battery System Co., Ltd. registered capital of 300 million yuan. SAIC to hold 51%, Ningde era to hold 49%. The company will be principally engaged in the development, production and sale of power battery modules and systems.

At the same time, SAIC and Ningde era joint venture is open: the two joint ventures can become a supplier outside the SAIC system; the two sides of the joint venture is not exclusive, SAIC and Ningde era joint venture, as well as joint venture with Wanxiang Group Of the new power battery system Co., Ltd., and Ningde era can also find other partners.

According to informed sources, the joint venture company’s overall planning will reach 30GWh, can produce the equivalent of 600,000 pure electric Roewe ERX5 car or 3 million plug-in strong mixing battery supply capacity.

As a reference, BYD 2016 lithium battery shipments of about 8Gwh, are lithium iron phosphate battery. The power battery business executives revealed that the company is the base of the expansion of the pit, increase production capacity 6GWh, is expected to reach production in 2017; In addition to its long-term planning, by 2020 its battery capacity is expected to reach 34GWh. From the global market point of view, the electric car industry leader Tesla Gigafactory new plant production capacity is expected to 35GWh (for about 500,000 electric cars), planning in 2020 all production.

SAIC Group now through a number of power battery company’s joint venture, power battery overall production capacity is expected in 2020 than BYD, Tesla and other enterprises.

In addition to cooperation projects with Ningde era, SAIC previously established a new power battery system Co., Ltd. (hereinafter referred to as “Jiexin Power”) with A123 System Hong Kong Co., Ltd.. With the United States A123 in 2013, Group acquisitions, Czech Republic and the new power into a SAIC and Wanxiang Group’s joint venture company, in the joint venture, SAIC accounted for 51% share of shares.

Jie new power mainly for the SAIC passenger car branch Roewe E50 pure electric vehicles, e550, eRX5 plug-in hybrid models to provide power battery system. Starting from the eRX5, Ningde era for the SAIC new energy vehicles to provide batteries, Roewe e950 is currently used in Ningde era batteries, and now the two sides to further deepen cooperation.

SAIC to 2020, 600,000 new energy vehicles sales target, independent brand models will account for 200,000. SAIC Group Vice President (Participation, pictures, inquiry), SAIC passenger car company general manager Wang Xiaoqiu (click to view the latest characters news) had said: “The direction of the development of new energy vehicles can not be changed, SAIC own passenger car in addition to this year The second half of the year will launch a plug-in strong mix of models, to 2018 Roewe there is a pure electric and 2 plug-in strong mix of models put into the program, including MG will launch new energy models, the overall will have nearly 8 New energy products in the market.