EVE to Invest in 40GWh Cylindrical Lithium Battery Project
In order to match the more urgent delivery needs of downstream customers, EVE continues to increase the large cylindrical lithium battery production capacity construction. March 20, EVE announced that it intends to issue convertible bonds with a total nominal value of 5 billion yuan. According to the company’s prospectus, this fund-raising is intended to be used for the implementation of “23GWh cylindrical lithium iron phosphate energy storage power battery project” and “21GWh large cylindrical passenger car power battery project”.
Among them, “23GWh cylindrical lithium iron phosphate energy storage power battery project” is mainly used in passenger cars, household energy storage and other fields. The “21GWh Large Cylindrical Power Battery Project for Passenger Cars” will produce 46 series of large cylindrical batteries, which will be mainly used in the field of passenger cars.
As the earliest batch of domestic layout of large cylindrical battery enterprises, lithium-ion lithium can currently has captured a huge amount of orders. According to lithium can reveal, as of the end of September 2024, the company’s cylindrical lithium iron phosphate batteries have made the next five years of customer intentional demand orders totaling about 81GWh; ternary cylindrical batteries have made the next five years of customer intentional demand orders totaling about 483GWh.
At present, the lithium lithium energy storage power battery in the construction of more projects to be built, the capacity will be released in phases in the future in batches. Lithium-ion revealed that, according to the end of 2023 capacity measurement, the company’s existing production capacity of 84GWh, is expected to 2025 the company put into operation projects to release capacity up to 126GWh, the sum of the existing production capacity and the new release of production capacity will reach 210GWh, it is expected that the sum of the production capacity by 2027 will reach 328GWh.
“The company’s related expansion projects are built in response to downstream customer demand, the company’s capacity planning and construction progress and customer demand is more consistent.” Lithium-ion said. The fundraising projects are all cylindrical batteries. “According to our experience, the yield of cylindrical batteries can be very high.” Previously, lithium-ion lithium energy has revealed that the company’s small cylindrical production line yield can reach the level of 98%; large cylindrical battery yield can be more than 90%. At present, the company has completed the large cylindrical battery technology and production preparation, and now the goal is to expand sales.
Compared with traditional cylindrical batteries, the performance advantages of large cylindrical batteries are very obvious. EVE pointed out that structurally, large cylindrical batteries will not expand during the life cycle, with relatively optimal structural stability and higher safety performance. In terms of performance, the full tab design results in lower internal resistance.
At present, the 46 series of large cylindrical batteries have become an important choice for international head automobile enterprises by virtue of their safety performance advantages and lower manufacturing costs, and have been recognized by more mainstream automobile enterprises, which will become one of the important development directions for the next generation of battery technology. At present, many global automobile enterprises, including Tesla, BMW, Daimler, Volkswagen, General Motors, Volvo, Porsche,NIO, JAC, and VOYAH, are laying out large cylindrical batteries.
“46 series ternary large cylindrical battery has high energy density, high production efficiency, good safety, stable mechanical structure of the electric core and other significant advantages, and because of the higher grouping efficiency, BMS management difficulty is more simplified and has the advantage of cost reduction, there are already part of the models to realize the mass production of loaded vehicles, downstream part of the new energy vehicle enterprises of the company’s full-process validation is expected to be in 2025- 2026 completed. 2026 completed.” EVE said.