Enter fresh blood! Guoxuan Hi-Tech will supply lithium-ion batteries for Bosch

On February 14, 2019, Hefei Guoxuan Gaoke Power Energy Co., Ltd., a wholly-owned subsidiary of Guoxuan High-Tech Co., Ltd., signed a Purchasing Agreement with Hewlett-Packard Co., Ltd. (hereinafter referred to as “BOSCH”) in Hefei. As a qualified supplier of BOSCH, Hefei Guoxuan will provide lithium-ion batteries , modules and battery packs (parts and products) for BOSCH.

Guoxuan Hi-Tech and Bosch signed an agreement to supply lithium-ion batteries Guoxuan Hi-Tech and Bosch signed an agreement to supply lithium-ion batteries

As the world's leading provider of technology and services, BOSCH provides innovative, leading-edge solutions for smart homes, smart cities, connected transportation and connected industries. It is reported that Robert Bosch Stiftung GmbH holds a 92% stake in BOSCH.

Guoxuan Hi-Tech is a high-quality enterprise in the domestic power battery industry, focusing on lithium battery for more than ten years. In 2018, Guoxuan Hi-Tech power battery installed capacity ranks in the top three in the industry. At present, the new energy passenger vehicle market is already the largest market of Guoxuan Hi-Tech, accounting for more than 50% of Guoxuan high-tech installed capacity. Guoxuan Hi-Tech is mainly based on lithium iron phosphate power battery technology and actively deploys ternary.

Actively innovating and transforming to meet the global wave of automotive electrification

In 2018, the sales volume of new energy vehicles in China reached 1.256 million, a record high, up 62% year-on-year. China's new energy passenger vehicle market is already the largest market in the world, and will continue to maintain rapid growth. China's midstream power battery industry has already become globally competitive, and gradually enters overseas support, and will surely enter the world stage in the future.

Under the background of the large-scale decline in the probability of the country's replenishment, the new energy vehicle industry will accelerate the transition from “policy-driven” to “market-driven”. The iron-lithium technology route has three advantages of high safety, low cost and long life. It is expected to increase the penetration rate of the pure electric passenger car market and pure electric special vehicles.

It is worth mentioning that Guoxuan Hi-Tech attaches great importance to R&D investment. The performance of lithium iron phosphate power battery products continues to break out. The energy density of battery pack exceeds 140Wh/kg, and it is ternary. Guoxuan High-tech high-nickel ternary soft-pack production line 2020 Will be put into production. In addition, Guoxuan Hi-Tech has launched a new round of expansion and implemented an equity incentive plan to share benefits with employees.

It is reported that in January 2019, the total installed capacity of power battery was about 4.98GWh, up 281% year-on-year. The installed capacity of new energy passenger car battery was about 3.53GWh, up 411% year-on-year. The installed capacity of ternary battery was about 3.28GWh, which was a year-on-year increase. 356%.

From the data point of view, although the subsidy policy has not yet been introduced in 2019, domestic battery manufacturers do not seem to value the subsidy policy.

Reading volume: Source: OFweek lithium Author: Cold autumn

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