On March 5th, Pulite (002324.SZ) released an investor relations activity record, outlining the company's recent概况 and its future strategic development plan.
Among them, regarding semi-solid/Prithet has announced the product planning for solid-state batteries. By the first quarter of 2025, the 6GWh capacity at Haier's Zhuhai base has been completed and is...The first batch of square-shaped products will be available shortly.314AhHalf-Solid BatteryLaunched.
Prillit also emphasizes that at the time, the company...To become the first domestically.The company that has successfully transitioned this technology from the lab to mass production line.Widely applied in grid-level energy storage, commercial and industrial storage, household storage, and communication base station backup power supply fields.
To know thatPulite has initiated its solid-state battery development plan just over a year ago.The successful industrialization of semi-solid batteries demonstrates a remarkable pace in research progress and mass production advancement.
One,2026 and 2030: Two Significant Milestones for Solid-State Batteries
Prilite was foundedIn 1993, the company, originally known as Shanghai Pulead Composite Materials Co., Ltd., has been deeply rooted in the modified composite materials industry for over three decades and has emerged as a dragon in the modified materials sector..Headline Enterprise
UntilOn August 5, 2022, Puleit completed the acquisition of 79.7883% of Haidada's equity, officially entering the lithium battery industry. The company has added lithium battery and sodium battery businesses, and quickly delved into energy storage and small-power lithium battery markets..Quality Lanes.
Currently, Prilite is primarily engaged in the research, development, production, sales, and service of high polymer new materials and their composite materials, as well as ternary batteries, lithium iron phosphate batteries, sodium-ion batteries, and their systems. The company's business segments are mainly divided into three major directions: modified materials business,ICT Materials Business and New Energy Business. Leveraging Haidada as the core platform of the new energy business segment, Pulead has been striving for a multi-dimensional, multi-angle, and extended development in the lithium battery industry. The solid-state battery, regarded as the ultimate battery form, is Pulead's "betting" direction.
However,Pulead's entry into the solid-state battery market was slightly later than that of other companies in the industry.Hai Si Da Power has initiated a plan to transition from liquid batteries to solid-state batteries at the beginning of this year.The company will intensify its research and investment in solid-state batteries.In September last year, Zhou Li, the Secretary-General of Haidada Power, a subsidiary of Pulei Holding, said during an interview, “Expected inBy early 2025, we will complete the industrialization of semi-solid-state batteries, and within the following year, we will advance to the quasi-solid-state battery stage. We anticipate being ready for the commercialization of full solid-state batteries by 2030.”
Although the launch plan was delayed, Prit started seeking external support early on.In December 2023, Hai Si Da and Wei Lan New Energy signed a strategic cooperation agreement for the solid-state lithium battery project. Together, they are swiftly introducing a solid-state electrolyte system into the next-generation batteries, rapidly developing high-reliability and high-safety models for widespread application, while also engaging in collaboration on the market front.
In August 2024, Pritle once again entered into a strategic cooperation agreement with Weilan New Energy. The partnership has been elevated to the product level. Both parties have agreed to collaborate on product development, focusing on Weilan New Energy's solid-state battery technology. They will utilize Weilan New Energy's solid-state electrolyte/paste materials and develop relevant products for various application scenarios.
Moreover, Prit's announcement also indicates that both parties do not rule out the possibility of seeking deeper cooperation in areas such as operations and sales, with capital as the纽带.
Just announced: Malaysia Battery Plant
February 18, Puleit announced, the company's holding subsidiaryHaisida plans to invest and construct in Malaysia.The 2.5GWh cylindrical battery plant project has a total investment of approximately 750 million yuan.
The announcement states that in the cylindrical battery field, Haisida continues to iterate its cylindrical battery products, completing performance upgrades, and offering a rich lineup of high-capacity, all-tab, and large-cylinder models.ISR18650-2500 single cell battery passes the tests of TTI, Baide, and other international organizations..The company has achieved customer certification and recognition, and made breakthroughs and innovations in the cylindrical battery structure, developing a full-ear cylindrical battery. A sample has been sent to the leading customers in the tooling industry for certification.
It is evident that Haidada's cylindrical battery base in Malaysia is targeting the electric tool market.And it is highly likely that the clients are nearby overseas partners. Currently, the cylinder battery clients of Hai Si Da mainly includeTTI, Black & Decker, Bosch, Quanfeng, Dongcheng, Midea, Ecovacs, and other customers in the electric tools and smart home appliances industry.
Section 3:"Double Drive Development Strategy of New Materials and New Energy"
Pulit has now formed"New Materials + New Energy" dual-engine development strategy.
In the field of new materialsPulite is a leader in modified materials..Headquarters are established in Qingpu, Shanghai; Jining, Shanghai; Jiaxing, Zhejiang; Tongliang, Chongqing; Foshan, Guangdong; and South Carolina, USA.The company has established six new material production bases, with a total production capacity of 430,000 tons, with another 200,000 tons under construction. It is a major material supplier to numerous OEMs, including traditional automakers such as BMW, Mercedes-Benz, Audi, Volkswagen, General Motors, Ford, Chery, Geely, Chang'an, Great Wall, Anhui Jianghuai, and BAIC; as well as new energy brands like BYD, Seres, GAC Aion, NIO, Ideal, and Xpeng.
In the new energy fieldOn one hand, modified materials can be applied in areas surrounding power and energy storage batteries, and can have a synergistic effect with the new energy business.
On the other hand, with the support of Hai Sida, self-In 2023, Prilter has made a significant leap in the fields of lithium-ion and sodium-ion batteries. Beyond its cylindrical battery clients, Hai Si Da's square lithium-ion battery clients are also extensive, including State Grid Corporation of China, China Mobile, China Telecom, China Tower Corporation, EXICOME, Daqin Stock Co., Wotai Energy, Weimu Technology, and other new energy storage and smart grid clients, as well as aerospace and rail transit clients such as China Aerospace Science and Technology Corporation, China Railway Corporation, Shaanxi Phoenix, and Guangzhou Haige.
Sodium-ion customers primarily include Zhongke Hainai, Daqin New Energy, and Pingye Environmental Protection.Exicom, Minglei Lithium Energy, Zhuo.Yue Electric Vehicle, Warner New Energy, Tianchen Energy, Guangpu Stock Co., Ltd., and Komatsu Japan, among other communication energy storage and electric forklift clients.
Capacity aspectIn the past two years, Hai Si Da has invested and constructed a brand new battery cell production base in Qidong, Jiangsu, Zhuhai, Guangdong, and Malaysia, with an expected total production capacity of...15GWh. Currently, the company boasts a ternary cylindrical battery production capacity of 2.83GWh/year, a prismatic lithium iron phosphate battery production capacity of 1.19GWh/year, and a co-linear sodium/lithium-ion battery production capacity of 1.3GWh/year. The under-construction battery capacity totals 10GWh/year, compatible with the production of sodium/lithium-ion batteries. This year, the Zhuhai base of Haierda will complete the construction of a 6GWh production capacity in the first quarter.
Future PlanningAt the aforementioned investor relations activities, Puleit explicitly stated, sodium-ion batteries and semi-solidSolid-state batteries will be a key strategic focus for the company's future development.
Performance-wiseAccording to Prit's earnings preview, it is expected that...Net parent company profit for 2024 is expected to be between 130 million to 195 million yuan, a decrease of 58.37% to 72.24% year-on-year; the adjusted net profit is projected to be between 100 million to 150 million yuan, a decrease of 65.36% to 76.91% year-on-year.
