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    Home > Chemicals Industry > China Chemical > 6 billion!

    6 billion!

    • Last Update: 2022-05-23
    • Source: Internet
    • Author: User
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    As the new energy vehicle industry ushered in a period of rapid growth, the demand for power batteries, the core parts of new energy vehicles, will continue to expand
    .
    For the development of new energy vehicles, the "range anxiety" and "charging anxiety" of car owners must be eliminated.
    The key to solving these two anxiety lies in the power battery
    .

     

    In recent years, power battery manufacturers have accelerated the pace of research and development, opened up overseas raw material markets, and committed to solving the problem of insufficient power for new energy vehicles
    .
    As one of the representatives of China's power battery enterprises, CATL recently signed an agreement with an Indonesian state-owned group, and its subsidiary plans to build a power battery industry chain project in the FHT Industrial Park in North Maluku, Indonesia and other related industrial parks in Indonesia, including mining and processing, battery materials, battery manufacturing and battery recycling and other sub-projects, with a total investment of nearly 6 billion US dollars
    .

     

    CATL said that this cooperation is an important step for CATL to expand its global layout.
    The project will further improve the company's strategic layout in the battery industry, ensure the supply of upstream key resources and raw materials, reduce production costs, and promote the company's battery recycling industry layout.

    .

     

    According to reports, ANTAM is a state-owned mining company listed in Indonesia.
    Indonesia Battery Company (IBI) is a newly established investment company dedicated to battery production by Indonesia National Petroleum Corporation, State Electricity Corporation, National Mining Corporation and ANTAM.
    Invest in battery and related industrial chain projects in Indonesia and overseas
    .

     

    Nickel metal is one of the key materials for the production of lithium-ion batteries, and Indonesia has a large amount of nickel mine production and reserves.
    Data show that in 2020, Indonesia's nickel mine production will be 770,000 tons, accounting for 31% of the global total
    .

     

    Nickel mines in Indonesia have also been coveted by overseas battery manufacturers.
    Recently, LG Group has also signed an agreement with Indonesian state-owned enterprises to promote a project worth about 9 billion US dollars.
    It is hoped that through this project, a stable supply of battery raw materials can be ensured.
    Improve the competitiveness and profitability of its battery business, LG New Energy said
    .

     

    It can be seen that CATL and LG have deployed overseas markets to ensure the stability of the supply chain
    .
    This is because the prices of important power battery raw materials such as nickel and cobalt have continued to rise since the beginning of this year, as well as the continued boom in new energy vehicles, resulting in increased costs for power battery manufacturers and an imbalance between supply and demand
    .

     

      In response to the price increase of domestic new energy vehicles and raw materials, the Ministry of Industry and Information Technology stated that it will moderately speed up the development of domestic resources, cooperate with relevant departments, crack down on unfair competition such as hoarding and price gouging, and promote the return of raw material prices to rationality as soon as possible
    .

     

      The Ministry of Industry and Information Technology stated at the press conference of the State Council Information Office that the next step will be to further implement the "New Energy Vehicle Industry Development Plan (2021-2035)", promote the integration of electrification and intelligent network technology, and further improve power battery safety and low temperature adaptation.
    It will continue to carry out the pilot work of new energy vehicles to the countryside and battery swap mode, and start the pilot city of comprehensive electrification of public vehicles
    .

     

      It is believed that with the high attention and strong support of the state, relevant measures will be further implemented, and the upstream and downstream enterprises of new energy vehicles will be further developed
    .

     

      Original title: 6 billion! 9 billion! Power battery manufacturers CATL and LG reach overseas
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