On May 6, according to Reuters, Ningde times is in the final stage of reviewing the factories that produce electric vehicle batteries in the United States Ningde times is negotiating to open factories to provide products for BMW and Ford. Potential locations include South Carolina, Kentucky.
Ningde times Phi announced yesterday that the company's current production capacity could not meet the future market demand. Since the company released this issuance plan, the company has successively announced relevant special construction base projects of battery capacity, with a total investment amount of no more than 65.5 billion yuan. Assuming that the investment intensity is about 300 million yuan / GWH, the corresponding capacity is about 218 GWH. Meanwhile, the project will add lithium-ion batteries with an annual capacity of about 135gwh.
The total newly added capacity mentioned above is about 353gwh. According to the current capacity supply of 280gwh, the capacity increase is 126.07%. From the perspective of capacity demand, it is estimated that the company's battery capacity is expected to reach more than 670gwh by 2025. From the perspective of future capacity demand and the company's existing capacity, the company's capacity gap in 2025 will not be less than 390gwh.
In addition, according to the calculation, the average gross profit margin of each year after the issuance of capacity construction projects to specific objects is between 17% and 22%, and the internal rate of return is between 16% and 17%.