Shanghai Putailai New Energy Tech (SHA: 603659) is focused on the development and sale of materials for lithium-ion batteries and automation equipment in China. It was just reported today:
However, the Company will fund 30% of the project and take out loans for the rest.
OVERVIEW:
Putailai was established in November 2012 and successfully listed on the Shanghai Stock Exchange in November 2017. PTL has been serving the lithium-ion battery market. See Products.
Anodes make up the second-biggest componentmarket for electric vehicle batteries. PTL is among the four biggest Chinese groups in the sector that together account for roughly half the global market. (FT)
Northvolt, the Swedish start-up that has become Europe’s leading player in batteries, will be the first main customer.
Putailai is the latest and largest in a series of Asian suppliers that have set up shop in Sweden, with others including South Korea’s Dongjin and China’s Kedali near Northvolt’s first gigafactory in Skellefteå, and China’s Senior Material in Eskilstuna.
The new plant will have an annual output capacity of 50,000 tons of lithium-ion anode materials by 2025 and 100,000 tons by the end of 2026 or early 2027, Putailai said yesterday. It will also have a research and development center, the Shanghai-based firm added.
Putailai will fund 30 percent of the project itself and take out loans for the rest, the company said, adding that it has already made preliminary arrangements with Chinese and foreign banks and other financial institutions. As of the end of March, Putailai had CNY5.5 billion (USD793.6 million) on hand, so there is some financing risk.
Disclaimer. The information and views contained on this website and newsletter is provided for informational purposes only and does not constitute investment advice and/or a recommendation. Your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Seek a duly licensed professional for any investment advice. I may have positions in the investments covered. This is not a recommendation to buy or sell any investment mentioned.
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Shanghai Putailai New Energy Tech (SHA: 603659): Financing Europe’s Biggest Anode Plant in Sweden for EV Batteries
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Shanghai Putailai New Energy Tech (SHA: 603659) is focused on the development and sale of materials for lithium-ion batteries and automation equipment in China. It was just reported today:
Chinese group Putailai to build Europe’s largest anode factory in Sweden (The $1.3bn plant is the latest Asian-owned facility that has set up shop in the Nordic country)
However, the Company will fund 30% of the project and take out loans for the rest.
OVERVIEW:
Putailai was established in November 2012 and successfully listed on the Shanghai Stock Exchange in November 2017. PTL has been serving the lithium-ion battery market. See Products.
Automation Division profile: The "TOP" choice of global li-ion cell manufacturing solutions (You Tube) 2:39 Min
Anodes make up the second-biggest component market for electric vehicle batteries. PTL is among the four biggest Chinese groups in the sector that together account for roughly half the global market. (FT)
Chinese group Putailai to build Europe’s largest anode factory in Sweden (FT) May 2023
Northvolt, the Swedish start-up that has become Europe’s leading player in batteries, will be the first main customer.
Putailai is the latest and largest in a series of Asian suppliers that have set up shop in Sweden, with others including South Korea’s Dongjin and China’s Kedali near Northvolt’s first gigafactory in Skellefteå, and China’s Senior Material in Eskilstuna.
China’s Putailai Plans to Build Europe’s Biggest Anode Plant in Sweden for Up to USD1.5 Billion (Yicai Global) May 2023
The new plant will have an annual output capacity of 50,000 tons of lithium-ion anode materials by 2025 and 100,000 tons by the end of 2026 or early 2027, Putailai said yesterday. It will also have a research and development center, the Shanghai-based firm added.
Putailai will fund 30 percent of the project itself and take out loans for the rest, the company said, adding that it has already made preliminary arrangements with Chinese and foreign banks and other financial institutions. As of the end of March, Putailai had CNY5.5 billion (USD793.6 million) on hand, so there is some financing risk.
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Automation Division profile: The "TOP" choice of global li-ion cell manufacturing solutions (You Tube) 2:39 Min
2023 First Quarter Report Summary PDF File
2022 Annual Report Summary PDF File
Chinese group Putailai to build Europe’s largest anode factory in Sweden (FT) May 2023
China’s Putailai Plans to Build Europe’s Biggest Anode Plant in Sweden for Up to USD1.5 Billion (Yicai Global) May 2023
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Disclaimer. The information and views contained on this website and newsletter is provided for informational purposes only and does not constitute investment advice and/or a recommendation. Your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Seek a duly licensed professional for any investment advice. I may have positions in the investments covered. This is not a recommendation to buy or sell any investment mentioned.