Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com March 6 news, Xin Wanda recently said on the investor interactive platform that the company plans to invest in the construction of 20GWh power battery and energy storage battery production base in Shifang, Sichuan. Previously, the company and Chuanheng shares jointly set up a joint venture company in Guizhou to cooperate on the development of phosphate resources.

When talking about sodium ion and solid-state battery, Xinwanda said that the company is currently working on the development of sodium ion battery, and the overall product development progress is in line with expectations. In addition, the progress of solid-state battery product research and development is normal, and the subsequent mass production will be carried out according to customer demand.

In response to the decline in the price of lithium carbonate, Xin Wanda pointed out that the drop in the price of lithium carbonate is conducive to the company's cost control of raw materials and enhance the company's profitability. However, the overall profitability of the company depends not only on the control of the cost side, but also on the prosperity of the end market and competitors and other factors.

CTOnews.com learned from the data released by Xinwanda that as of the first half of 2022, Xinwanda power battery production capacity is about 25GWh, power battery self-supply rate of 100%.

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