On the evening of November 15, Ningde Times (300750) announced that the company adjusted the plan to issue shares to specific objects, the total amount of private fund-raising from the original no more than 58.2 billion yuan to no more than 45 billion yuan, the list of raised projects also removed "Ningde Times Husi lithium ion battery expansion project (phase ii)" and "supplementary working capital".
Ningde times said that in order to improve the service efficiency of funds, to raise funds concentrated investment in construction projects and research and development capacity, and considering the raise funds investment project investment scale, investment payback period, the company's financial situation, foreign investment and other factors, the company for the total amount of money raised through issuance of stock solution to a particular object and USES to adjust.
Ningde era, lithium battery, power battery
After adjustment, Ningde age offering investment project were fuding age lithium-ion battery production base project, guangdong rui celebrates the first phase of the era of lithium-ion battery production project, jiangsu power and energy storage times lithium-ion battery research and development and production project (phase iv), the ningde city of Manila times lithium ion power battery production base project bay project (the car), ningde era new energy development and application of advanced technology projects, The investment amounts are about 15.2 billion yuan, 11.7 billion yuan, 6.5 billion yuan, 4.6 billion yuan and 7 billion yuan respectively.
It is worth noting that the plan also shows that, after the raised funds are in place, if the actual net raised funds after deducting the issuing expenses are less than the total amount of the planned raised funds, within the scope of the investment projects of the raised funds in this issue, Ningde Times will, according to the actual raised funds and the priorities of the projects, Adjust and finally decide the specific investment projects, priority order and specific investment amount of each project of the raised funds. The insufficient part of the raised funds shall be solved by the company itself.
From the perspective of the new capacity of the raised project, the annual capacity of lithium-ion batteries was only reduced by 2GWh, from 137GWh to 135GWh.
For the new capacity digestion problem, the latest private increase plan shows that Ningde times has the most extensive customer base in the industry, the company in the domestic market for SAIC, FAW, Geely, Yutong, BAIC, NIO, Xiaopeng and other automotive enterprises supporting power battery products; Further deepen cooperation with Tesla, BMW, Daimler, PSA and other international car brands in overseas markets, providing strong guarantee for the company to continuously obtain orders and consolidate its leading position in the industry. With the global power battery industry to the "TWh" era and energy storage industry ushered in explosive growth, the company's fundraising project capacity is expected to be effectively digested.
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