On January 25, Camel Co., Ltd. announced that its wholly-owned subsidiary Camel Group Battery Sales Co., Ltd. (hereinafter referred to as "Camel Battery Company") has recently received a letter from the German BMW Group for the 12V auxiliary lithium battery system project. Supplier of 12V Auxiliary Lithium Power System for BMW Group. According to the customer's plan, the project cycle is 7 years, and it is expected to achieve mass production in 2025. It is estimated that 3.4 million to 4.7 million sets of 12V auxiliary lithium battery power systems will be sold during the entire life cycle.
Camel shares said that the company's existing products mainly include lead-acid batteries, recycled lead and lithium batteries. At present, low-voltage lithium battery products account for a small proportion of the company's total operating income. The automotive low-voltage lithium battery business is the company's strategic business. After several rounds of bidding, the company successfully obtained the mass production designation of BMW's 12V auxiliary lithium battery system project, which deepened the cooperation between the company and BMW of Germany. Market position in the field of low-voltage batteries.
Plus code lithium battery
Since 2021, the development of new energy vehicles has entered the fast lane. According to the latest data released by the China Association of Automobile Manufacturers, in 2021, domestic auto production and sales will be 26.082 million and 26.275 million, up 3.4% and 3.8% year-on-year, respectively, ending the three-year downward trend since 2018. Among them, new energy vehicles have become the biggest bright spot, with annual sales of more than 3.5 million units and a market share of 13.4%.
Under the popularity of new energy vehicles, as an upstream battery manufacturer, it is also in the field of lithium batteries. Yin Bin, an analyst at Huaxin Securities, pointed out that Camel shares are currently market-oriented to increase the layout of lithium batteries to cope with the potential risks of lead-acid batteries being replaced by lithium batteries. "At present, the company's lithium battery products mainly include 12V/24V/48V and energy storage lithium batteries. In the automotive field, 12V lithium batteries are used to replace 12V lead-acid batteries and are mainly used in high-end electric vehicles, which have been designated by BMW and Geely; 24V lithium batteries are used for heavy trucks. Vehicle air conditioners have been designated by China National Heavy Duty Truck, Shaanxi Automobile, and Sany Heavy Industry; 48V is a transitional solution, mainly supporting Dongfeng Nissan.”
Previously, it was reported that Camel Group and BMW's low-voltage team started business cooperation at the end of 2019. In August 2021, Camel Group completed the delivery of 12V start-stop lithium battery B sample, and in December 2021, it officially won the BMW Group's strategic project— - Project designation of 12V auxiliary lithium battery system. According to BMW's plan, all 12V lead-acid batteries supporting its cars will be replaced with 12V auxiliary lithium battery systems or their derived 12V lithium battery products.
SHENZHEN MANLY BATTERY CO.,LTD congratulates Camel on its successful entry into the BMW Group supply chain
