Core Viewpoint - The company, Far East Holdings, reported significant contract wins in May 2023, totaling approximately RMB 419.39 million, primarily driven by its smart cable network, smart battery, and smart airport businesses [1][2]. Group 1: Contract Wins and Business Segments - In May 2023, Far East Holdings secured contracts exceeding RMB 10 million, with the smart battery segment alone contributing nearly RMB 320 million [1][2]. - The company achieved two major collaborations in the industrial and commercial energy storage sector, with contracts worth RMB 261 million and RMB 25.08 million, respectively [2]. - In the residential energy storage sector, contracts worth RMB 11.53 million were obtained, and in the lithium battery sector, a contract worth RMB 22 million was secured [2]. Group 2: Business Independence and Future Impact - Far East Holdings stated that the new contracts will not affect the independence of its business operations and are expected to positively impact future performance if executed smoothly [3]. Group 3: Company Overview and Market Position - Founded in 1985, Far East Holdings has established itself as a leader in three main business areas: smart cable networks, smart batteries, and smart airports [4]. - The company has developed a comprehensive supply chain in the smart battery sector, covering everything from cells to energy storage systems, and is actively addressing market pain points with diverse product offerings [5]. Group 4: Technological Advancements and Revenue Growth - Far East Holdings is focusing on new technology development, including solid-state batteries and sodium-ion batteries, while also being a supplier of high-precision ultra-thin lithium battery copper foil [6]. - In 2024, the smart battery business saw the highest revenue growth among the three segments, with a revenue of RMB 1.654 billion, a year-on-year increase of 180.47% [6]. - The company secured over RMB 1 billion in energy storage contracts in 2024, marking a staggering year-on-year growth of 5605% [6]. Group 5: Continued Growth and Market Strategy - In 2025, the smart battery business continues to thrive, with significant projects like the 200MW/800MWh independent energy storage station in Hebei and the launch of a -45°C ultra-low temperature liquid-cooled energy storage container in Europe [7]. - The company is also enhancing its product offerings in the lightweight power market, launching new high-capacity cylindrical lithium-ion batteries that meet current market demands [7].

Core Viewpoint - The company plans to raise approximately 980 million yuan through the issuance of convertible bonds to fund three projects, including battery precision structural components in Xiamen and Xiaogan, and to supplement working capital [1][2]. Group 1: Project Funding and Financial Needs - The Xiamen and Xiaogan projects require 600 million yuan and 800 million yuan respectively, but the fundraising announcement indicates only 450 million yuan and 300 million yuan will be allocated to these projects, highlighting significant operational pressure [1]. - The company also aims to invest up to 90 million USD in a lithium battery precision structural component project in Malaysia, which will take about 36 months to complete [3]. Group 2: Market Potential and Strategic Positioning - The company reported a 26.6% year-on-year increase in revenue for Q1, indicating strong market demand, particularly for cylindrical batteries, which are expected to grow alongside the two-wheeler market [2]. - The company has established three strategic focuses: betting on cylindrical batteries, deepening ties with downstream clients like Xiaomi, and actively pursuing international expansion [4]. Group 3: Technological and Client Relationships - The company has a strong foothold in the cylindrical battery sector, having developed full-tab technology and established relationships with major clients such as ATL, Lishen, and LG Chem [5]. - The collaboration with Xiaomi is deepening, particularly in the robotics sector, with plans for rapid development through self-built capacity and equity investments [6].

Core Viewpoint - Chuangming New Energy is actively expanding its overseas market presence with the launch of its first batch of battery products from its Mianyang base, which features advanced technology and long lifespan capabilities [1][2]. Group 1: Product Launch and Technology - The first batch of exported products consists of 32 series wide-temperature full-tab long-life lithium iron phosphate cylindrical batteries, which utilize full-tab technology to reduce internal resistance by 90% and maintain stable performance in extreme temperatures ranging from -30°C to 60°C [1]. - The batteries have a lifespan of over ten years and are considered to be at a leading level domestically [1]. - These products are well-received by overseas customers and can be applied in various fields, including electric vehicles, electric two-wheelers, home energy storage, base station storage, container storage, and robotics [1]. Group 2: Production Capacity and Infrastructure - Chuangming is establishing a global production network with five digital smart factories and the first wide-temperature quasi-solid-state cylindrical digital high-speed production line in the country, leading the industry in compatibility, data, and efficiency [2]. - The Mianyang base is a key production facility in Southwest China, featuring fully automated production processes from material feeding to packaging [2]. - The Mianyang project, signed in September 2022, is a significant investment project with a planned annual production capacity of 10 GWh once fully operational [2]. Group 3: Market Expansion and Competitive Position - The Mianyang production line is currently ramping up production, focusing on potential markets in Europe, Southeast Asia, India, and Africa, while engaging in technical and business negotiations with numerous overseas clients [3]. - With the official export of products, Chuangming New Energy is expected to further open up its market space overseas, solidifying its competitive position in the cylindrical battery market [3]. - According to data from Qidian Research Institute, Chuangming ranks tenth in global cylindrical battery shipments, with a year-on-year growth of 24% expected in 2024 [3].

倒计时20天 2025起点锂电圆柱电池技术论坛 暨圆柱电池20强排行榜发布会 活动主题： 聚集新材料 探索新工艺 2024年LG新能源日子并不好过，2025开年获得两大单是否预示着逆转？ 起点锂电获悉， LG新能源近日再度联姻特斯拉，为其生产的Modle Y车型提供2170三元锂圆 柱电池， 值得注意的是这些电池将交付给国内南京厂生产。 据披露，本次供应的电池单体容量达5300mAh，比以往容量提升6%，由南京厂生产后发往特 斯拉上海工厂。 也就是说，两个外国企业签订的业务，最终要Made in China。 值得玩味的是，特斯拉在德国生产的Modle Y车型也由LG提供电池，原因在于特斯拉德国工厂 附近没有配套的电池厂，所以LG新能源南京厂的电池包还会发往德国。 如果顺利，那么LG南京厂未来几年业绩将大幅度提高。 主办单位： 起点锂电、起点研究院（SPIR） 活动时间： 2025年2月28日 活动地点： 深圳宝安登喜路国际酒店2楼国际厅 活动规模： 500+人 LG新能源主要战场在北美和欧洲，中国境内竞争优势不大，南京工厂是LG新能源在中国业务 的主要支柱。韩媒方面称，凭借南京工厂让LG新能源2024年以1 ...