[YesAuto News] After the IPO of the “dark horse” of automatic power battery Ningde Times (D: 300750), the industry has been paying attention to it, and its external cooperation has become more frequent. On July 19, CATL and GAC Group (002238) (Shanghai: 601238) respectively issued announcements that the two parties intend to sign a “joint venture contract” in Guangzhou on the 19th, and plan to jointly fund the establishment of Guangzhou Auto Times Power Battery System Co., Ltd. and Times Guangzhou Automobile Power Battery Co., Ltd. (name tentative). GAC Group has also become the third OEM to establish a joint venture with CATL after SAIC and Dongfeng Motor.
According to the GAC Group announcement, GAC Times Power Battery System Co., Ltd. has a registered capital of 100 million yuan, of which GAC Group invested 51 million yuan, holding 51% of the shares, and CATL invested 49 million yuan, holding 49% of the shares. The registered capital of Times GAC Power Battery Co., Ltd. is 1 billion yuan, of which Guangzhou Automobile Group invested 490 million yuan, holding 49% of the shares, and Ningde Times invested 510 million yuan, holding 51% of the shares. The business scope includes the development, production and sales of power battery systems, technology development, technology transfer, technical consultation and technical services in the field of power battery professional technology.
Obviously, CATL and OEMs are speeding up cooperation in the battery field. In May 2017, SAIC Motor Corporation, through its wholly-owned subsidiary SAIC Motor Investment Management Co., Ltd., and CATL established two joint ventures: Times SAIC and SAIC Times Power. Among them, Times SAIC Power Battery Co., Ltd. has a registered capital of RMB 2 billion, SAIC intends to hold 49% of the shares, and Ningde Times intends to hold 51% of the shares. The company will mainly engage in the development, production and production of lithium-ion batteries and lithium polymer batteries. Sales and after-sales service. SAIC Times Power Battery System Co., Ltd. has a registered capital of RMB 300 million. SAIC intends to hold 51% of the shares and CATL plans to hold 49%. The company will mainly engage in the development, production and sales of power battery modules and systems.
On July 6 this year, Dongfeng Motor and Ningde Times established Dongfeng Times (Wuhan) Battery System Co., Ltd. with a registered capital of 100 million yuan. Ningde Times and Dongfeng Electric Vehicle Co., Ltd. each hold 50% of the shares. They are mainly engaged in research and development, Production and sales of power battery systems for new energy vehicles. In addition, on July 17, CATL announced that it has signed a strategic cooperation agreement with BMW Brilliance, which will maintain long-term cooperation in the procurement of designated models of power batteries. BMW Brilliance also has the right to make equity investments in CATL with a maximum investment amount of 2.852.5 billion yuan. . (Compilation/Car House Cai Liyuan)