·Guo Xuan high-tech business shifts to ternary battery

On June 9, 2017, Guoxuan Hi-Tech released the latest investor relations activity record disclosure. In 2017, the company's power battery business shifted from lithium iron phosphate battery to ternary battery, from commercial vehicle power battery to passenger car. In the key year of power battery, the market expects that the growth of new energy vehicle power battery industry in 2017 will mainly depend on the growth of new energy passenger vehicles, who can get more passenger car orders and get more passengers. The model will take the lead in the future competition and take the lead. The following is a detailed exchange interaction:
1. What does the company think about the current competitive position in the industry?
A: This year is the key year for the company's power battery business to shift from lithium iron phosphate battery to ternary battery, from commercial vehicle power battery to passenger vehicle power battery. The market expects new energy vehicle power battery industry in 2017. The growth is mainly dependent on the growth of new energy passenger vehicles. Whoever can get more passenger car orders and get more passenger cars will take the lead in the future competition and take the lead. At the same time, compared with new energy commercial vehicles, new energy passenger cars have stronger customer stickiness, higher industry entry thresholds, and more stable annual sales orders, but the development cycle will be longer. This year, the company will continue to promote the development and mass production of passenger car customers, and will further increase the proportion of passenger car power battery business in the next 2-3 years, while matching the rapid technological progress and capacity improvement of ternary batteries. , to establish a leading position in the industry.
2. How is the company's cost strategy formulated?
A: The company's current power battery main material, lithium iron phosphate cathode material capacity of about 8,000 tons / year has been fully self-produced, and the first phase of the 80 million square meters wet diaphragm factory joint venture with Star Source Materials has been officially put into operation this month. The first phase of the 3,000-ton high-nickel ternary cathode material production line is expected to be put into production in the fourth quarter of this year. The aluminum foil has been completely coated with carbon, and the joint-venture copper foil company can meet the demand for some copper foil. The silicon-carbon anode production line is expected to be invested in the stock placement project. Construction will start next year. At the same time, the company has recently acquired BASF's US electrolyte laboratory and related patents, which will deepen the relevant layout of electrolyte materials and make technical reserves for future high-voltage and high-energy density batteries. The company plans to fully produce its own core cathode materials, and other major materials will be produced in a joint venture, maintaining the industry's leading position in the lowest cost of China's power battery through raw material control and technology upgrade, and maintaining industry advantages in material development technology and battery product technology. .
3. What is the progress of the company's current share placement project?
A: The company's share allotment materials have been submitted to the CSRC and are currently awaiting feedback. The second phase of the project, the Qingdao Phase II Project, the Lanzhou Sanyuan Cathode Material Production Line Project and the Nantong Project have started construction in advance, and the company will determine the specific allotment price and time after passing the approval of the China Securities Regulatory Commission and obtaining approval. .
4. The company and Beiqi recently signed large orders, and the follow-up cooperation?
A: The company and Beiqi New Energy signed an order with more than 40,000 EC180 and thousands of logistics vehicles. The EC180, as the star model of the new energy vehicle market this year, will bring the market position of the company's passenger car power battery business. Significantly, the company is still preparing to cooperate with BAIC including the EU series and the new brand ARCFOX series. The company's participation in the B-round financing of BAIC New Energy has been basically completed, and it is also an important step for the company to deepen cooperation with BAIC.

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