JIANGTE MOTOR(SZ:002176)2022-12-03 09:22Group 1: Investment and Financial Overview - The company is conducting a private placement with a total amount of 1.339 billion RMB, issuing no more than 290 million shares [3] - The funds will be allocated to two projects: a lithium extraction project with a budget of 840 million RMB and a production line renovation project with a budget of 500 million RMB [3] - The company’s lithium extraction capacity has reached 15,000 tons annually, with a new production line of 10,000 tons currently in trial operation [4] Group 2: Business Segments and Development - The company operates in three main business segments: electric motors, lithium industry, and electric vehicles [3] - The electric motor segment has seen a significant recovery in orders, with a focus on upgrading products for electric vehicles and military applications [3] - The lithium segment benefits from rich local resources and a project in Australia, ensuring a stable supply for downstream processing [3][5] Group 3: Market Conditions and Strategies - The price of lithium carbonate has declined significantly, impacting less competitive companies, but the company maintains confidence in its profitability due to effective cost control measures [4] - The company is expanding its sales channels for electric vehicles in Southeast Asia, with successful product launches in markets like Hong Kong, South Korea, Thailand, and Malaysia [5] - The company has adapted to government subsidy changes for electric vehicles, which are expected to enhance market competitiveness [4] Group 4: Production and Technology - The company’s lithium extraction technology allows for comprehensive utilization of raw materials, reducing environmental pressures compared to traditional methods [4] - The Australian Tawana company's lithium spodumene production capacity has reached 10,000 tons per month, with plans for further expansion [5] - The lithium content in lithium mica is approximately 4.0, while spodumene can reach 6.0, indicating a difference in processing costs and profitability [5]