Foxconn is here too! Who are the warriors of cross-border energy storage?

cross-border energy storage has added another strong player!

On July 4, Foxconn Industrial Interconnection, as a strategic investor, invested in Shanghai Cairi Energy, with a shareholding ratio of 2.

Cairi Energy was founded in 2017 and ranked 8th in the country's energy storage system shipments in 2022. This also means that Foxconn, the "king of OEM", has officially entered energy storage and anchored a new growth pole.

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"Novice" Enters Trillion Energy Storage Track

Since the second half of 2022, the heat of A-share "energy storage" concept plate has continued to rise.

Among them, the "cross-border" listed companies on the main board have added a wave of attention energy to the hot concept of energy storage.

According to the incomplete statistics of "Energy Storage Research Institute", since 2023, more than 10 A-share listed companies that have recently announced their involvement in energy storage business are not enterprises in power, thermal energy, electrical equipment and other industries that are more closely related to energy storage business in the traditional impression of the public. It is a heavy "cross-border player" from real estate, clothing and textile, food, liquor, automobile, logistics, household appliances and other industries.

Looking at more than 300 listed companies whose A-share motherboard and GEM are included in the concept of "energy storage", there are many such "cross-border players"-in addition to the above areas. Listed companies in software, semiconductor, diversified finance, trade agency, water, paper, plastics, cement, steel processing, oil exploitation, shipbuilding, pharmaceuticals and other industries have "cross-border representatives" to add energy storage business, and most of them have "stepped into" the field of energy storage batteries.

The rough statistics are as follows:

On June 30, 2023, Jierong Technology , a mould manufacturer , announced that it planned to invest 15.3 million yuan to establish Shenzhen Jierong Energy Technology Co., Ltd. with Shenzhen Weinuoxin Technology for cross-border energy storage business. Its registered capital is RMB 30 million, and its main business is the integration, production and sales of new energy storage systems as a platform for the development of energy storage business. On June 12,

2023, Songfa, a ceramic enterprise , issued a notice. Intends to purchase Anhui Livineng Power Battery Co., Ltd. from the controlling shareholders by paying cash (the main energy storage products include 26700 series cylindrical batteries, soft-pack energy storage batteries, short knife batteries, etc.), which can be used in portable energy storage, household energy storage, communication and base station energy storage scenarios. At the same time, the production and sale of lithium batteries) is not less than 51% but not more than 76.

2023 . Intends to purchase Rongsheng Mengguli New Energy Technology Co., Ltd. from controlling shareholders by issuing shares (mainly engaged in soft-pack laminated power batteries, lithium manganate batteries, ternary power batteries, battery products mainly used in PHEV commercial vehicles)

. Guangyu Development , a real estate enterprise , announced the establishment of a subsidiary company, Qinghai Zhonglu Power Energy Storage Technology Co., Ltd. with a registered capital of 305 million yuan, to serve the development, construction and professional management of Qinghai Liquid Compressed Air Energy Storage Project. On July 6, Guangyu Development successfully obtained 13 million kilowatts of new energy project indicators in Xinjiang. On May 19,

2023, the long-term logistics enterprise announced that it planned to acquire Guangdong Didu New Energy Co., Ltd. at a price of 126 million yuan through equity transfer and capital increase. New energy vehicle battery recycling, etc.) 51. On May 24, Changjiu Logistics released and introduced its integrated project of "optical storage, charging, inspection and discharge" and self-developed cascade energy storage products, household energy storage products and industrial and commercial energy storage products from 2022. On 15 May

2023, Garment enterprises disclose that they intend to purchase 100% equity of Jinyuan Sheng (whose main business includes mining and smelting of mineral resources such as copper, cobalt, nickel, lithium and manganese, research and development and manufacture of cathode precursors and cathode materials for lithium-ion batteries, recovery of power batteries and materials) through asset replacement and issuance of shares. It also plans to reorganize and list, and transform its main business from clothing to energy storage. On May 9,

2023, Baoxiniao, a garment enterprise , invested 10 million yuan through Baoxiniao Venture Capital Co., Ltd., a wholly-owned subsidiary, and jointly invested in Pingyang Junquan Yangde Equity Investment Partnership (Limited Partnership) with Pingyang Source. It will invest in new energy storage solutions, lithium battery detection and other fields in the future. On May 4,

2023, Tianchen, a real estate company , disclosed that it had reached a cooperation agreement with the people's government of Fanchang District of Wuhu City on the project of investing in the construction of a new energy industry base integrating light and storage. The cooperative project will build a new integrated manufacturing project of 20GW high-efficiency solar cells and 20GW energy storage converters and energy storage systems, with a total planned investment of 11.6 billion yuan and a fixed asset investment of no less than 8 billion yuan. On April 23,

2023, Langsha Knitting Co., Ltd., a subsidiary of Langsha Co ., Ltd., a garment enterprise , changed its business scope by adding new energy-related businesses such as battery spare parts production, battery spare parts sales, battery sales and battery manufacturing. On April 16,

2023, Wuliangye Group , a liquor enterprise , invested in the establishment of 100% holding Sichuan Wuliangye New Energy Investment Co., Ltd. with a registered capital of 1 billion yuan, covering the research and development of new energy technologies, which triggered a heated discussion in the market. On April 1,

2023, Southern Black Sesame Group Co., Ltd., a food company , announced the termination of its capital increase plan for Tianchen New Energy Co., Ltd. It intends to transform the business of Jiangxi Xiaohei Xiaomi Food Co., Ltd., a wholly-owned subsidiary, into the production and operation of lithium batteries for energy storage, and plans to invest 3.5 billion yuan in the construction of the company with a total investment of 8.2022

. Chongqing Konka Low Carbon Technology Co., Ltd. was set up by household appliances enterprises Konka Group , focusing on

, everything looks a lot like it did 10 years ago." All walks of life urgently want to be labeled as "Internet +". What will the new round of "energy storage +" bring to these cross-border enterprises? After the release of the "14th Five-Year Plan for the Development and Implementation of New Energy Storage", the cumulative installed capacity of China's domestic market exceeded 10GW for the first time in 2022, reaching 13.1GW/27.

The maximum support is 10 million yuan, and most of the subsidies directly support the construction of energy storage projects, including user-side energy storage projects and independent energy storage projects.

The Energy Storage Industry Research White Paper 2023 published a prediction that the cumulative scale of China's new energy storage will reach 97.0 GW in 2027, and the compound annual growth rate from 2023 to 2027 is expected to reach 49.

In the upsurge of cross-border development of energy storage, enterprises in real estate, clothing and household appliances industries are the most concerned.

For enterprises in these three industries, this cross-border action is not just beginning in 2022. Gree Electric Appliances , the leading

household appliances company , has started the research and development of energy storage appliances since 2013. In 2020, Gree formally put forward the concept of "photovoltaic + energy storage + air conditioning", and has announced the formation of photovoltaic (storage) air conditioning plate, new energy vehicle plate and lithium battery plate. As early as 1999, Shanshan shares ,

known as "the first share of Chinese clothing", resolutely transformed into the business track of lithium battery materials. In 2022, the operating revenue of Shanshan Co., Ltd. reached 21.702 billion yuan, of which the revenue of anode material business reached 8.058 billion yuan, an increase of 94% over the same period last year. This market scale and operation situation have already consolidated the leading position of Shanshan Co., Ltd. in China's anode material market. At the end of 2022, Shanshan invested in the lithium battery anode material project again.The successful cross-border of leading enterprises in the

industry has played a distinct demonstration role. At the same time, since 2021, with the policy adjustment and the change of international trade pattern, the performance of enterprises in real estate and garment industries has been under serious pressure. Almost every enterprise is seeking transformation strategy, consolidating its foundation and cultivating new ones, seeking incremental business, or urgently seeking an opportunity to restructure its shell to avoid delisting. In recent years, the new energy field, which has been inclined by the policy, has directly become the first choice for the transformation of these traditional enterprises.

However, not all leading enterprises in the industry have gone smoothly on their cross-border journey of energy storage.

For example, in 2022, Songdu shares of well-known real estate enterprises and former A-share listed companies in Hangzhou were "kicked out" of the salt lake lithium extraction project with cross-border participation, lost the "shell-changing" transformation chips of Songdu shares, and were trapped in a huge loan guarantee. Finally, it was withdrawn from the market on June 18, 2023.

Industry insiders said that cross-border needs to be cautious, although the energy storage industry seems to be big, but also unfathomable, the control ability and survival wisdom of enterprises put forward high requirements.