According to the Securities Daily: After being acquired by Gree, Yinlong New Energy officially reappeared in front of the public as "Gree Titanium" and has become an important part of Gree's layout in the new energy and energy storage fields.
Recently, the relevant person in charge of Gree Electric said in an interview with a reporter from the Securities Daily: "The energy storage industry has entered a period of rapid development. Gree will build a new power system and vigorously develop ‘new energy + energy storage."
So, what are the advantages and disadvantages of Gree Titanium's technical route, and what role will it play within Gree? Will it continue Yinlong's "listing dream"? How will Dong Mingzhu's energy layout be interpreted?
Can the "Listing Dream" continue?
Recently, Yinlong New Energy officially changed to Gree Titanium New Energy Co., Ltd. ("Gree Titanium" for short). The company stated that various business activities are being carried out normally.
The company's main business is the research and development of technologies in new energy-related fields, as well as the production and sales of lithium-ion power batteries and energy storage batteries. In terms of equity, Zhuhai Yinlong Investment holds 25.99% and Dong Mingzhu holds 17.46%.
"Yinlong New Energy changed its name to Gree Titanium. Titanium is considered to be the metal of the future. Yinlong New Energy's main product is lithium titanate batteries, highlighting Gree's determination to further deploy to new energy sources." Liu Buchen, Director of Strategy, Jiachunqiu Media In an interview with a reporter from Securities Daily, I think.
Half a month ago, as Gree Electric announced its bid for a 30.47% stake in Yinlong New Energy, the acquisition that had been brewing for many years finally came to an end. After all, Yinlong New Energy is still "branded" by Gree and Dong Mingzhu. After the name change, Yinlong New Energy also officially belongs to Gree as a "Gree Titanium".
It is worth noting that before this, Zhuhai Yinlong had sought to go public several times. There was news that Yinlong New Energy and Sanyou Chemical had signed a related agreement to seek financing and listing, but it eventually ran aground. Since then, it has been reported that it intends to go public on the backdoor. In June 2018, Yinlong New Energy, which was sprinting for an IPO, voluntarily suspended its listing guidance.
At present, Gree Titanium has been incorporated into the Gree system, and the outside world is still speculating on the possibility of its independent listing. In this regard, the relevant person in charge of Gree Electric told the "Securities Daily" reporter: "Follow-up actions need to pay attention to the announcement."
Can core technology gain a foothold?
Regardless of whether it plans to go public or not, if Gree Titanium wants to gain a foothold in the market, it needs to come up with real technology.
It is understood that at present, Gree Titanium is taking the technical route of lithium titanate batteries, and its core technology has advantages in the field of fixed-line new energy vehicles and energy storage applications. The lithium titanate battery has technical characteristics such as high safety and long life, which can match the application requirements of new energy vehicles in the fixed-line field.
"Further improvement of energy density and reduction of production costs are what Gree Titanium needs to continue to make breakthroughs." Lin Boqiang, director of the China Energy Policy Research Institute, told a reporter from the Securities Daily.
The above-mentioned relevant person in charge of Gree Electric said: "Through more than ten years of development, Gree Titanium has extended to the field of hydrogen fuel cell buses, and combined lithium titanate with hydrogen fuel cell power generation systems to develop hydrogen titanium powertrain technology. , To realize the intelligent upgrade of the vehicle power system."
It is understood that Gree Titanium is currently recruiting, and the main positions required are energy storage research and development, battery research and development, and automobile research and development.
A Guangyong, an expert on the Credit Management Committee of the All-Union Mergers and Acquisitions Association, believes: "With the development of technology, lithium titanate batteries are expected to gradually show cost advantages. In the overheated new energy market, Gree needs to differentiate itself if it wants to gain a foothold."
Big energy ambition
In order to avoid long-term use of a single air-conditioning industry as the main source of income, Gree has gone further and further along the road to diversification in recent years. The new energy has been a key part of Dong Mingzhu’s planning. Further in-depth deployment of energy storage is Gree’s willingness to win silver. Long power.
The relevant person in charge of Gree Electric revealed that in addition to Gree Titanium, the optical storage system is also an important layout of Gree in new energy. "As early as 2012, Gree started the exploration, research and development and layout of photovoltaic technology."
She revealed, “As an innovative company, Gree Titanium has long been deployed in independent technological innovation and application research of new energy vehicles and energy storage. Gree Titanium is expected to promote production and lifestyle on the new “dual-carbon” track. Green change."
"At present, the distributed energy model of Gree photovoltaic air conditioning + energy storage is more suitable for the application scenarios of lithium titanate batteries, which may become Gree’s breakthrough in the current lithium battery pattern. In addition, the future energy storage market demand will develop rapidly, And Gree Titanium will become a key configuration of Gree's energy storage system." Qi Haishen, manager of Beijing Teyi Sunshine New Energy, told a reporter from the Securities Daily.
Xuan Jiyou, director of investment research of Qianmen Assets, believes that new energy is a new blue ocean market, and Gree Titanium's deep deployment of this track will help boost Gree's performance in the capital market.
However, Major General Ding, the founder of Nail Technology, said that the fundamental determinant of market value performance is performance. Gree Titanium needs to prove its strength with technology, market, and financial performance.
Since the beginning of this year, the air-conditioning industry has encountered difficulties in the general environment of the epidemic and the overall market cold. How to revitalize Gree Titanium in this context and build it into a pillar industry that can contribute to performance is a major test for Gree Electric and Dong Mingzhu.
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