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

CTOnews.com March 23 news, in response to investors mentioned "low demand in the consumer electronics market, power battery overcapacity" and other problems, Xinwanda said on the interactive platform today that the company is based on customer orders and fixed points to carry out business expansion, but also concerned about the industry capacity problems, will be more cautious to expand production.

Xinwanda pointed out that the company will control the risks faced by the company in the process of operation in the following ways: carefully expand production in the light of market conditions and customer demand, and put an end to the occurrence of idle production capacity. improve the capacity utilization and use efficiency of the company's equipment; the company will adopt equity financing to optimize the company's capital structure and solve the capital problem. The company will also optimize the account management of suppliers, enhance the company's payback ability, increase the proportion of medium-and long-term debt financing, and optimize the company's debt structure; the company will apply to the local government for preferential supporting policies; the company will actively explore plans for cooperation with downstream customers to build production capacity.

When talking about sodium-ion batteries, Xinwanda said that compared with lithium batteries, sodium batteries have a lower energy density and are suitable for low-speed electric vehicles and energy storage. Xinwanda believes that the sodium battery is a supplement to the lithium battery, which is currently engaged in the development of sodium ion batteries, and the overall product development progress is in line with expectations.

Earlier this month, Xinwanda said of the fall in the price of lithium carbonate that the fall in the price of lithium carbonate would help the company control the cost 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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