Guoxuan Hi-Tech: The official mass production of Volkswagen standard batteries has been obtained

Guoxuan Hi-Tech stated on the investor interaction platform that the company's high-safety semi-solid battery has a single energy density of 360Wh/kg, and the battery pack power of the supporting models reaches 160KWh, with a cruising range of more than 1000km. Semi-solid-state batteries match customer needs and are expected to be loaded by the end of the year and delivered in batches next year.

Talking about when to supply the public, Guoxuan Hi-Tech said that the company has obtained the official mass production of standard batteries for the public, in the form of square lithium iron phosphate and ternary. Next-generation mass-produced new energy vehicles. It is expected to be loaded in the first half of 2024.

Financial data shows that Guoxuan Hi-Tech achieved an operating income of 14.426 billion yuan in the first three quarters of 2022, a year-on-year increase of 152%; net profit attributable to the parent was 150 million yuan, a year-on-year increase of 121.40%. Among them, the operating income in the third quarter was 5.788 billion yuan, a year-on-year increase of 166.33%; the net profit attributable to the parent was 86 million yuan, a year-on-year increase of 335.20%.

Guoxuan Hi-Tech stated that under the background of the high volatility of power lithium battery raw materials, the company still achieved substantial growth in performance. The net profit after deduction is mainly due to the high price of raw materials, the large investment in research and development, and the amortization of employee equity incentive fees.

Lithium iron phosphate: Guoxuan Hi-Tech already has the mass production capacity of 210Wh/kg energy density cells, the design of 230Wh/kg energy density cells has been finalized, and the system energy density has reached 160Wh/kg. In terms of ternary batteries, Guoxuan Hi-Tech has achieved mass production and loading of 302Wh/kg energy density cells, and the system energy density has exceeded 200Wh/kg. The 360Wh/kg ternary semi-solid battery has passed the strict acupuncture test, the energy density of the battery pack is 260Wh/kg, and the cruising range is 1000KM.

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