On July 4, 2018, Dongfeng Motor joined hands with Ningde Times to establish a joint venture battery company with a registered capital of 100 million yuan. The Ningde Times and Dongfeng Electric Vehicle Co., Ltd. each hold 50% of the shares. The Dongfeng era was established two times after the Ningde era and SAIC. After the joint venture company, another host factory and battery factory cooperation products may have a great impact on the domestic power battery market.
It is understood that the construction of three production lines will be completed in the Dongfeng era in 2019. It is estimated that by 2020, the Dongfeng era will achieve an annual output of 192,000 sets of power battery systems, 9.6GWH output and 11.4 billion yuan of output value.
At the end of 2016, Dongfeng Motor signed a strategic framework agreement with Ningde Times. The agreement stipulates that the two parties will jointly build a cooperation platform in the field of new energy automobile industry. The cooperation will be finalized, and both parties will expand their market share. As far as Dongfeng Motor is concerned, the supply capacity of Ningde era can help Dongfeng reduce its constraints by other battery factories. At the same time, for the Ningde era, the improvement of cooperation with Dongfeng Motor can further help the company to increase its market share.
On July 4, 2018, Dongfeng Motor joined hands with Ningde Times to establish a joint venture battery company with a registered capital of 100 million yuan. The Ningde Times and Dongfeng Electric Vehicle Co., Ltd. each hold 50% of the shares. The Dongfeng era was established two times after the Ningde era and SAIC. After the joint venture company, another host factory and battery factory cooperation products may have a great impact on the domestic power battery market.
It is understood that the construction of three production lines will be completed in the Dongfeng era in 2019. It is estimated that by 2020, the Dongfeng era will achieve an annual output of 192,000 sets of power battery systems, 9.6GWH output and 11.4 billion yuan of output value.
At the end of 2016, Dongfeng Motor signed a strategic framework agreement with Ningde Times. The agreement stipulates that the two parties will jointly build a cooperation platform in the field of new energy automobile industry. The cooperation will be finalized, and both parties will expand their market share. As far as Dongfeng Motor is concerned, the capacity supply in the Ningde era can help Dongfeng reduce its constraints by other battery factories. At the same time, for the Ningde era, the improvement of cooperation with Dongfeng Motor can further help the company to increase its market share.
