On the evening of September 28, Ningde Times announced that with the rapid development of the new energy industry at home and abroad, the market of power battery and energy storage industry continues to grow, in order to further promote business development, meet market demand and improve the layout of production capacity, the company intends to invest in the construction of Luoyang new energy battery production base project in Yibin District, Luoyang City, Henan Province, with a total project investment of no more than 14 billion yuan.

　　"In order to seize the historical opportunity of the rapid development of the new energy industry, meet the needs of the company's future business development and market expansion, and ensure the timely fulfillment and delivery of customer orders, the company intends to build production capacity accordingly and further improve the layout of the production base." Ningde Times said that the company intends to rely on Luoyang's industrial base and location advantages, to promote cooperation with Luoyang City in the field of new energy battery research and development and production, new energy industry ecological construction and new energy technology applications, to further enhance the company's core competitiveness.

　　In fact, this is not the first time this year, Ningde Times power battery expansion layout. July 21, Ningde Times announced that it intends to invest in the construction of Jining new energy battery industry base project in Jining City, Shandong Province, with a total project investment of up to 14 billion yuan. August 12, Ningde Times announced that it intends to invest in the construction of Hungary Times new energy battery industry base project in Debrecen City, Hungary, with a total project investment of up to 73.4 billion yuan. The total investment of the project will not exceed 7.34 billion euros.

　　Ningde Times is only a microcosm of the tide of power battery companies expanding production. On September 15 and September 20, Xinwanda disclosed two announcements to invest in the construction of "Xinwanda Yiwu New Energy Power Battery Production Base Project" within the jurisdiction of Yiwu Municipal People's Government and to join hands with Dongfeng Group and Dongfeng Hongtai to invest in the construction of "Xinwanda Yiwu New Energy Power Battery Production Base Project" within the jurisdiction of Yichang Municipal People's Government. In the evening of September 27, YWIL announced that it intends to sign an investment agreement with Shenyang Municipal Government and Shenyang Economic Development Zone Management Committee for power battery projects, and invest in the construction of "Xinwanda Dongfeng Yichang Power Battery Production Base Project" within the scope of Shenyang Economic Development Zone Management Committee. The project has a planned capacity of 40GWh and a total investment of 10 billion yuan.

　　The power battery companies to expand production and increasing market demand related to the evening of September 28, Ganfeng lithium industry announced that the company and the Yichun Municipal Government recently signed a strategic cooperation framework agreement, the two sides to build from lithium resources development to lithium materials, new lithium batteries, battery applications of the whole industry chain system.

　　Since this year, power battery production and installed capacity has been increasing. Data show that from January to August this year, the cumulative output of power batteries in China was 303.8 GWh, up 172.3% year-on-year; the cumulative installed capacity was 162.1 GWh, up 112.3% year-on-year.

　　According to SNEResearch's calculations, by 2025, the power battery production and sales gap will reach 37% and the installed gap will reach 25%, which will continue to maintain a tight supply and demand situation.

　　According to a research report by Societe Generale Securities, in the context of the continuation of the high boom in the new energy vehicle market, the installed demand for power batteries is rising simultaneously. Major battery companies are accelerating their expansion, and Ningde Times is expected to have a capacity of more than 700GWh by the end of 2025, which will further enhance the competitive ability of Chinese companies.

　　Qi Haishen, president of Beijing Teyi Sunshine New Energy, said in an interview with Securities Daily that the accelerated electrification and new energyization of fuel vehicles is a definite development trend worldwide, and many countries, including the United States, Japan and South Korea, are vigorously developing new energy vehicles in addition to China, leading to a strong demand for power batteries. Power battery head enterprises continue to expand their market share to maintain a leading and dominant position and achieve economies of scale will be the trend of future development.

　　"China proposes to build a new power system with new energy as the mainstay. New energy generation requires the configuration of a considerable proportion of energy storage equipment, and the demand for electrochemical lithium battery products for energy storage projects is also large." Qi Haishen also said that the lithium industry is updated and iterated quickly, technology upgrades and industrial upgrading require strong capital investment in order to constantly update the product to maintain the leading edge, including improving the energy density of the product, reducing the unit production cost, etc., so as to form a scale benefit.