Weekly industry news: CALB launches A-share secondary listing!
Jan 10, 2023
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In the second half of 2022, many companies in the new energy industry were preparing to go public. At the end of the year, it was also reported in the news that CALB has also submitted its A-share listing documents. Please follow ZESHENG editors to learn more about the recent industry news.
[CALB launches A-share secondary listing]
On the evening of December 29, CALB announced on the Hong Kong Stock Exchange that the company has submitted the filing registration for pre-listing counseling on A-share IPO, and the relevant materials have been submitted on the same day.
It is understood that on October 6, CALB was listed on the main board of the Hong Kong Stock Exchange, officially landing on the international capital market. CALB raised a total of HK$9.86 billion (about RMB 8.93 billion) in this IPO, introducing 15 cornerstone investors, including Tianqi Lithium, Shengtun Mining, Da Clan Laser, Zhongwei, Nordic, Jingmei Electronics, Xiaopeng Auto and other lithium industry companies. 15 The 15 cornerstone investors together subscribed approximately US$736 million, accounting for 43.3% of the total proceeds.
[5 new energy projects started on the same day in Anhui]
January 7, Gotion High-Tech annual output of 50GWh battery recycling project, annual output of 200GWh composite fluid collection project, annual output of 20,000 tons of battery-grade lithium carbonate purification project, Yi Changwang annual output of 120,000 tons of modified graphite anode material project, Anhui super power annual output of 10GWh alkene carbon super fast charging power battery project and other five new energy projects focused on the groundbreaking ceremony held in Hefei Lujiang High-tech Zone, Anhui.
According to reports, the centralized start of the five new energy projects, with a total investment of 17 billion yuan, all completed is expected to achieve an output value of more than 50 billion yuan.
[BYD’s 10 billion power battery base groundbreaking]
On January 4, Xuzhou Municipal Committee and Municipal Government held the 2023 city’s major industrial projects focused on groundbreaking and BYD new energy power battery Xuzhou production base groundbreaking activities.
This groundbreaking BYD new energy power battery Xuzhou production base project is located in Xuzhou Economic and Technological Development Zone, with a total investment of 10 billion yuan, of which the first phase of the site of about 706 acres, including clean, assembly, batching, dust-free, constant temperature, drying and other workshops, the construction of blade battery production line, planned for December 2023 part of the production line into operation.
[Ford Motor and SK On revoke the joint venture agreement signed in March]
On Jan. 9, Korea Economic Daily reported that Ford Motor and SK On (SKI Battery subsidiary) recently withdrew a preliminary agreement for a power battery joint venture plant that they signed in March 2022, citing sources familiar with the matter.
In March 2022, SK On, Ford, and Turkish partner Koc Holding A.S. signed a memorandum of understanding to cooperate in building an electric vehicle battery plant near the Turkish capital Ankara.
SK On has previously planned to start purchasing equipment in the second half of 2023 and expects to start production in 2025, building a total of 18 production lines with an initial annual capacity of 30 GWh and an expected future capacity of up to 45 GWh. This is part of Ford’s plan to produce 2 million electric vehicles per year by 2026.
As for the reason for withdrawing the plan for the joint venture, the Korea Economic Daily said it was based on rising global interest rates and weak demand for electric vehicles in Europe.
SK On responded, however, that it has not yet decided whether to stop talks on an electric vehicle battery joint venture with Ford in Turkey. “The company is reviewing the memorandum of understanding as part of its selection and concentration strategy in the electric vehicle battery business,” SK On spokesman said.
[Xiaomi is developing two cars at the same time]
Xiaomi has reportedly made key progress in building a car. Xiaomi’s first car is a mid-sized slide-back sedan (internal code name Modena Modena) in two versions with an undetermined price. It is understood that the options currently being discussed internally are: one version positioned in the $260,000-300,000 range and the other version above $350,000.
Xiaomi is also working on a second production car (internally codenamed Le mans), which is scheduled to be launched in 2025. This car is on the same platform as the Modena but with a three-motor electric drive system and electronic control software developed by Xiaomi. The first car’s electronic control software came from suppliers UMC and Huichuan.
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