Xinwangda Wins Battery Contracts for Xiaomi's New Electric Vehicles and Lixiang's Pure Electric Vehicles, Second-Tier Battery Manufacturers Compete on Price" It is reported that Xinwangda's power battery company, "Xinwangda Power", has won the battery contract for Lixiang's M8, M7, and Xiaomi's third model, Kunlun. Xinwangda responded that it was不方便 to disclose due to confidentiality agreements. Sources close to the matter revealed that Xiaomi's third model is strictly cost-oriented and priced at the level of 150,000 yuan, which is also one of the key factors for selecting Xinwangda as the contractor. "The system-level quotation may be less than 0.5 yuan per watt-hour.

[Xinwangda: Lab Samples of the Second Generation of All Solid-State Batteries Have Achieved the Energy Density Target of 500Wh/kg] Xinwangda stated on the interactive platform that its solid-state battery company has been researching and developing since 2015, planning for the first generation of 400Wh/kg and the second generation of 500Wh/kg all solid-state batteries. Among them, the latest Ah-level sample of the first generation of all solid-state batteries can achieve a stable cycle of more than 1000 weeks; the lab samples of the second generation have achieved the energy density target of 500Wh/kg (energy density is an important indicator, but we cannot ignore the product's lifespan and safety).

【Xinwangda 100,000-ton lithium battery recycling project starts】Recently, Xinwangda's 100,000-ton lithium battery recycling project started in the New Energy Industry Park of Tengzhou High-speed Rail New Area. It is reported that the total investment of the project is 6.2 billion yuan, and a container energy storage system with an annual output of 5GWh is planned simultaneously. The first phase covers an area of more than 70 acres and includes the construction of energy storage production plant, including PACK production workshop, energy storage warehousing assembly workshop, finished product warehouse, and is expected to be completed by the end of the year.

Xin Wangda stated that with the arrival of the replacement cycle, the application of AI and MR on mobile phones and laptops is expected to drive growth in the consumer electronics market by 2024. The long-term decline in lithium carbonate prices is beneficial for the company's cost control on raw materials, and favorable for the industry's development.

Rwanda: The company's consumer-grade silicon negative battery has been put into mass production. Recently, an investor asked Xinwangda on the interactive platform: Hello, Secretary Dong, has the company developed silicon-carbon negative battery technology for consumer electronics batteries? The company responded: The company has the research and production capacity for consumer-grade silicon negative batteries, and mass production was achieved in mid-2023.

[Xinwangda, the annual output value of the base will reach 6 billion RMB after completion]" On December 27th, Xinwangda Electric Baizhu Base officially opened, located in the Dianbai District of Maoming City. The base is mainly engaged in the intelligent manufacturing of new energy vehicle electronic products, including the research and development and manufacturing of BMS, BCM, VCU, and other products. The first phase has been fully completed and production has begun, with the second phase expected to be completed in July next year. After reaching full production, the base is expected to have an annual output value of 6 billion RMB and provide approximately 1000 job opportunities.