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In the evening of December 24, Sugar daddy, Funeng Technology issued a notice to cooperate with Jixiang Technology Group Co., Ltd. (hereinafter referred to as Jixiang TechnologyEscort) to establish a joint venture company to build a power battery production factory. It is expected that Song Wei put down the towel and speed up the form to avoid delaying the other party’s getting off work. Jiahe Company’s power battery capacity will not be less than 120GWh, of which the industrial capacity will not be less than 20GWh in 2021. The data revealed in the question from investors who were asked by the secretary of the board of directors of Funeng Technology is that the Sugar daddy equipment production capacity of the Xunzhou base is 5GWh, and the first phase of the Zhenjiang equipment production capacity is 8GWh. It was started in the first half of the year and is still in the energy climbing stage. According to this calculation, in her dream, she is a small supporting role in the book. She sat on the far right of the stage and the newly added production capacity of Jixiang Technology’s joint venture company is comparable to the existing production capacity of 10 times.

Exclusive cooperation + exclusive battery supply

In the past few years, Ningde era and many whole-car companies have established joint ventures, including Jixiang Automobile. However, the object of the agreement was Zhejiang Jixiang Automobile Co., Ltd., a subsidiary of Jixiang Automobile Holdings Co., Ltd. The agreement between the two parties only said that batteries would be produced all the way, and recently Sugar babyThe battery systems used in new power models of Jixiang Automobile in the past two years are mostly equipped with Viagra, while the core supplier is important in the Ningde era.

This time, the agreement was signed with Funeng Technology to cooperate with Jixiang Technology. The company directly controlled by Li Shufu is the focus of the entire Jixiang Group, Jixiang, Sugar daddy.Sugar baby, Linke, Sugar baby, Oscar, Lotus, Smart, LEVC, Baoteng, Ye, and Far Brand are all within the auspicious system, which is enough to see the scale of cooperation this time.

It is worth noting that there is a statement in the agreement between Funeng Technology and Jixiang Technology: Unless one party has serious controversy, the other party shall not cooperate with third parties other than the other party on the expansion of power battery capacity. This therefore restricts both parties from cooperating with each other in a similar way.

Not only this, the notice issued the two parties to the agreement also includes such content: Jixiang Technology, its controlling subsidiaries and Jixiang Commercial VehiclesSugar baby‘s group will first purchase the power batteries produced by Funeng Technology or Co-financial companies under a planned condition, and the annual purchase volume shall not be less than 80% of its demand. This foundation is to completely pass away Jixiang and Funeng Technology. Regardless of how many batteries are needed in the future, at most 80% of them must be purchased from Funeng Technology. This is almost an exclusive battery supply agreement.

The electric vehicle trading charted the battery supporting conditions of all models of Jixiang this year. Among them, 44 of the core suppliers of the model were from the Ningde era, and in other categories, although Jixiang Technology only applied for battery system suppliers, it can be seen from the passing data that most of the core suppliers of these models were from the Ningde era, which means that the Ningde era is now occupying the Ningde era. daddy has 75% of the battery supply. It can be foreseen that after cooperating with Funeng Technology, although it was still Ji in the Ningde era./”>Sugar babyXiang’s battery suppliers, but the purchase volume will be greatly reduced. Sugar daddy

FuNeng Technology’s future

FuNeng Technology’s 1-12 batches this year are only given to BAIC, Guangqi, FAW, Escort Changcheng, Jiangling, Nanjing Jinlong and Guozhizhixin are all equipped with battery facilities.

In the past few years, Funeng Technology has been fully dependent on BAIC New Dynamics, and from 2017 to 2019, BAIC New Dynamics’ sales expenditure on Funeng Technology mainly operated business expensesSugar baby‘s proportions were 87.57%, 83.58% and 47.58% respectively. However, the cumulative sales volume of BAIC New Power from January to November this year was only 24,877, which was down 78.18% year-on-year compared with 114,000 in the same period last year. In addition, BAIC New Power also released this yearSugar daddy‘s news blocked FUNING Technology. It is obvious that FUNING Technology needs to open up new customers.

Only in the second half of this year, FUNING Technology signed 150,000 sets of power battery packages with Jiangling and 100,000 sets of power battery packages with Guomai, and today, FUNING Technology Sugar baby‘s on Changcheng Automobile and GuangqiaiSugar baby‘s on Changcheng Automobile and GuangqiaiSugar baby‘s BabyAnhui has a stable battery supply.

In addition, it is Daimler and Jixiang Technology, which have taken out real gold to support Funeng Technology. After participating in Funeng Technology’s IPO for 900 million yuan, both parties are currently in a bad position in the power industry. The process of pool suppliers is carried out Sugar daddyIt’s also very smooth. According to information from investors, FN Technology has recently successfully delivered D-type batteries, which has been recognized by Daimler and is expected to start SOP volume production in the second quarter of the year. From a cycle perspective, the volume of cooperation with Daimler in 2025 will reach 30GWh. Daimler’s platform, among which the ESugar daddyVA1 platform includes oil-reformed models such as smart EQC. VA1 is supplying EVA2 and MFA2. This is the first pure electric platform that Daimler is developing, the third-generation platform MMA, which will be an upgrade of EVA2 and MFA2, and is expected to start supporting batteries in 2024. Cooperation with Jixiang Technology, including electricity exchange, rental, and commercial vehicle projected demand for the start of the year will be very large in 2022. Funeng Technology will first use the production capacity of Zhenjiang or Yunzhou to meet the auspicious needs, and in 2022, Sugar daddy can use the production capacity of the company to match the auspicious needs.

In this cooperation, not only Jixiang and Daimler cooperate with Funeng Technology, but Jixiang and Daimler also have joint ventures. Jixiang is also Daimler’s largest shareholder. With these two companies, Sugar daddy, the path of comprehensive electric power, in this triangle, Funeng Technology has no hope of playing the main color.

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