Ningde battery capacity will arrive in 2020, and 50GWH will enter the Japanese market later this mon

It is reported that the Ningde era will set up an office in Yokohama in late May. Strive to become the largest vehicle battery enterprise in the world by 2020. The company believes that to expand business, it is necessary to increase battery supply to Japanese automakers.

Ningde battery capacity will arrive in 2020, and 50GWh will enter the Japanese market later this month.
On March 7, workers worked in the automated production workshop of the core of Ningde Times New Energy Technology Co., Ltd. (Xinhua News Agency)
Japanese media said that China's large car battery company, Ningde Age New Energy Technology (CATL), will enter the Japanese market. It will set up a sales office in Japan in late May and send battery technicians to stay in Japan in 2018 to provide support for customer development. Ningde Times plans to double global battery capacity to 50GWh by 2020 (1 gigawatt hour = 1 million kWh).
According to the website of Nippon Economic News on May 10, the company will get orders by supporting Japanese automobile companies that are close to accelerating the transition to pure electric vehicles (EV).
It is reported that the Ningde era will set up an office in Yokohama in late May. Strive to become the largest vehicle battery enterprise in the world by 2020. The company believes that to expand business, it is necessary to increase battery supply to Japanese automakers.
We will strengthen the sales of Japanese car companies such as TOYOTA, Honda and Nissan through the Japanese office. In addition, the number of batteries technicians resident in Japan will be increased in stages, and a mechanism for dispatching technicians to R&D centers of enterprises will be established to provide support for development. In terms of staff size, we plan to arrange for dozens of people. In the Ningde era, business dealings with Japanese car companies were mainly carried out in China.
Since the establishment of the Ningde era in 2011, it has grown rapidly in the field of vehicular batteries. Sales in fiscal year 2017 (up to December 2017) increased 34% year-on-year to 19.9 billion yuan, and net profit increased 31% to 3.9 billion yuan. In addition to deepening cooperation with BMW, Volkswagen, GM and other European and American auto companies, the establishment of relations with Japanese auto companies has become an urgent issue to be solved.
The Ningde era was listed on the Shenzhen stock exchange in April, and the 13 billion 100 million yuan raised will be used to increase production batteries. In addition to China, it also plans to build battery production plants in Europe and the United States. In 2017, the company's battery capacity will be 23GWh, which will increase to 30GWh by the end of 2019 and 50GWh by 2020.
Reported that the Ningde era battery shipments in 2017 seems to reach 12GWh. Techno Systems Research, a research firm, pointed out that "Ningde era shipments in 2017 increased about twice as much as the previous year, and grew fastest in the field of on-board batteries. As a manufacturer with capacity exceeding 10 GWh, it is becoming the world's largest battery company comparable to Panasonic.
Reported that China will implement the "new energy vehicle integration policy" in 2019. Automobile manufacturers are required to produce and sell a certain proportion of pure electric vehicles and plug-in hybrid electric vehicles (PHV) and other new energy vehicles. In order to avoid lagging behind in the competition in the world's largest automobile market, strengthening cooperation with Chinese battery companies has become an urgent business issue for Japanese automobile manufacturers.
Source: Reference News Network