The high tensile strength of 6LR61 battery copper foil is breaking through 50kg, which also contributes to battery safety.

At present, the concentration of 6LR61 battery copper foil industry is slowly increasing like the battery industry, and large and strong 6LR61 battery companies have obvious development advantages.

Recently, when accepting research from investment institutions, Nord shares said that it is difficult for small 6LR61 battery copper foil companies to develop at present, and there is uncertainty in the development of new copper foil companies. There are two main reasons: one is that the technology cannot keep up, and the overall technological changes in the industry are relatively fast; the second is the differentiation and reshuffle of battery companies. CATL and BYD have more than 60% of the market share, and it is now difficult to enter. So now new entrants are facing difficulties, mainly due to the expansion of existing large copper foil companies.

In terms of technology, Nord shares have made new progress. For example, the most difficult high tensile strength, the company can now achieve 43kg, breaking through 50kg, while most copper foil companies are around 30kg.

Nord shares said that overseas companies have higher and higher requirements for high tensile strength, and Tesla once even proposed 55-60kg. With the increase of tensile strength, the length of a roll can be increased from 5,000 meters to 10,000-20,000 meters. The longer the roll, the higher the efficiency of the battery factory and the less waste. At the same time, tensile strength also contributes to battery safety.

In terms of market development, Nord shares said that the company's largest customer has switched to CATL in June and July, and the Huizhou factory has begun to supply LG Chem in small batches and will soon come to Qinghai for factory inspection; Panasonic's factory inspection has been ongoing, and Tesla has also inspected the company's factory. The progress needs to be accelerated and the factory inspection may be carried out at the end of the year.

Nord shares said that overseas customers have the characteristics of stable prices and stable returns. At present, the company's focus is on the expansion of overseas customers. The company hopes that the proportion of copper foil product exports will gradually increase to 50% in the future.

In terms of production capacity, its wholly-owned subsidiary Qinghai Electronics 6LR61 battery Copper Foil has a production capacity of about 20,000 tons. Huizhou added 3,000 tons at the end of June to reach 8,000 tons, producing relatively high-end products; the first phase of Qinghai Nord, which was newly landed on August 30, has a production capacity of 10,000 tons, which can produce 6-micron to 8-micron products. The target customers are Qinghai BYD and Qinghai CATL.

Nord shares said that the shipment volume in the first quarter last year was about 5,000 tons, and the first half of this year was about half of last year; in July this year, the monthly production volume was close to 2,000 tons. The new factory will also start to produce new production capacity in September, and the shipment volume will continue to increase. At present, the situation in the second half of the year will be much better than the first half of the year.

The following is a record of the survey:

1. What is the company's current new product development and promotion situation?

Answer: 6-micron perforated copper foil can be produced and pilot products are available. There are no customers yet, and the downstream equipment and technology are not yet matched. It mainly represents technical strength and innovation vitality. Ordinary 6-micron copper foil is basically used by a few large 6LR61 battery companies, and Japan and South Korea use it less. 8 microns to 6 microns, the battery can increase energy density by 5%, which plays a very important role in improving the competitiveness of 6LR61 battery companies.

2. What are the company's current main customers?

Answer: CATL is the absolute leader, and BYD's share is also increasing. The company's goal is to have more than 60% of the market share of these two companies; Farasis, Lishen, and Yiwei Lithium Energy are also continuing to supply. The company's next customer strategy will definitely focus on the main battery companies, including well-known overseas companies, and will definitely strengthen customer relationship management and accounts receivable management.

3. How did the company's business develop in the first half of the year? What do you think of the operating conditions in the second half of the year?

Answer: The company's production and sales in the first half of the year were not ideal. One reason was that Wattma previously accounted for about 25% of the company's share. Wattma's suspension of production and work had a relatively large impact. It took time for customers to switch. In addition, it took time to transfer 6-micron products to other customers. Of course, Wattma's provision also had a negative impact on the current operating performance. In addition, the overall prosperity of the 6LR61 battery industry was indeed poor in the first half of this year. Since mid-June, the market has improved significantly. In July, the production and sales volume of 6LR61 battery copper foil exceeded that of the first quarter. The customer structure has been significantly optimized. CATL has become the largest customer, and its sales share has steadily increased. The industry as a whole is also positive in the second half of the year.

4. What is the company's production capacity? What is the overall situation of the total scale, subsequent expansion, and overall investment of this project?

Answer: The production capacity of 6LR61 battery copper foil of Qinghai Electronics, a wholly-owned subsidiary, is about 20,000 tons. After Huizhou added 3,000 tons at the end of June, it reached 8,000 tons, producing relatively high-end products. The first phase of 10,000 tons of production capacity of Qinghai Nord, which was newly landed this time, is a high-end production capacity that can be made from 6 microns to 8 microns. The target customers are Qinghai BYD and Qinghai CATL. Some equipment is specially tailored to the needs of the two companies. Recently, the supply to the two companies has continued to increase. Qinghai's subsequent expansion will depend on market conditions.

5. What is the technical transformation plan for the old factory?

A: With the new plant being put into operation, the cost advantage of the old plant is weakening. The company plans to carry out technical transformation and upgrading, and has also calculated the relevant technical transformation and upgrading investment recovery time. From the perspective of the current market and policy support, technological process innovation and equipment upgrade are feasible and necessary.

6. What is the shipment situation in the first half of the year and what is the expectation in the second half of the year?

A: About 5,000 tons in one quarter last year, about half of last year in the first half of this year, standard foil accounts for a high proportion, the price of standard foil in the first half of the year is low, and the gross profit margin is low. In July, it was close to 2,000 tons per month. The new factory will continue to open new production capacity from September, and the shipment volume will continue to increase. At present, the situation in the second half of the year will be much better than the first half of the year.

7. What is the current domestic competition landscape of 6LR61 battery copper foil?

A: Now the industry has higher and higher requirements for product technology and quality. It is no longer a stage of simply looking at production capacity. The differentiation of copper foil companies will become more and more obvious.

8. How much is the processing fee, and what do you think of the subsequent 6LR61 battery copper foil price?

A: The sales price of 8 microns has stabilized recently. 6 microns now account for the majority of Ningde's supply, and the processing fee price is relatively stable. It is unlikely that the processing fee of 8-micron will increase significantly in the future. Increasing volume is the core guarantee. The price of 6-micron products is elastic. As mainstream battery manufacturers gradually increase the use of 6-micron copper foil products, prices also have the opportunity to rise structurally.

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