Garment enterprises transformation of lithium FIR shares expansion road map emerging

December 14, the FIR shares announced that the FIR shares holding subsidiary Shanshan New Energy and T&i (T&i is a Japanese company, of which Toda holds its 75% stake, Itochu holds its 25% stake), in the lithium battery cathode materials to cooperate in signing the relevant cooperation agreement,　　The two sides jointly established Shanshan Toda new Material Co., Ltd. and Shanshan Toda Advanced Materials Co., Ltd. This means that in the field of power battery four parts: cathode materials, anode materials, electrolyte, diaphragm, fir shares (600884.　　SH) has all been involved. "What exactly does the Cedar stock want to do?" What is the competitive power of a company that makes a start in clothing? "A public offering fund manager in Shanghai is very puzzled. "This is a very high technology industry, not money can be made." "Expansion Roadmap" Toda is one of the best cathode material technology companies in the world, and we cooperate with him to occupy the commanding heights of cathode material technology, this cooperation is exclusive.　　"Zheng Yonggang, the actual controller of the FIR shares, said in an interview. Toda Industrial Co., Ltd. is engaged in the production of cathode materials.　　In addition to the use of mobile phones, the current to the automotive, large battery use expansion, developed to be used for a variety of uses of lithium-ion battery cathode materials. Surprisingly, the lithium-ion of the FIR is not a rush to launch after the lithium battery is in full swing.　　Since 1999 Zheng Yonggang involved in the lithium industry, Shanshan shares in 10 years has drop layout of the key link. According to the internal materials of Shanshan's shares: Shanghai Shanshan Technology was established in 1999, engaged in lithium battery anode materials, other carbon materials production and sales, the current capacity of 6000 tons/year; Ningbo Shanshan new material was founded in 2003, main negative materials production and sales; Hunan Shanshan new Material Co., Ltd. was founded in November 2003 , main cathode material, 2008 sales revenue breakthrough 800 million yuan, the current annual output can be 3500 tons of cobalt acid, lithium manganese oxide 1000 tons, nickel and cobalt two yuan, nickel cobalt manganese ternary 1000 tons, lithium iron phosphate 500 tons; Dongguan Shanshan Battery Materials Co., Ltd. was established in March 2005, the main production of electrolyte,　　At present, annual output of 2000 tons, ranked second in the country. Around the lithium battery upstream and downstream of the industrial chain horizontal expansion, while the Zheng Yonggang is the leading enterprise vertical extension, to resources, technology development.　　Toda industrial cooperation with Japanese enterprises is part of it. For two years, we talked a lot, stopped and started, talked about it and stalled. "Zheng Yonggang today finally lead the technology giant of the cathode material."　　The quality of the cathode material determines the performance of the battery.　　At the same time, Zheng Yonggang is planning to acquire resources. May 28, 2009, the FIR shares announced that it and the Australian listed company Heronresourceslimited signed a framework cooperation agreement on the Yerilla Ni-Co mine project.　　The joint venture operation of the project, the project into operation, the company is responsible for the underwriting of the NI-cobalt mine. Current, the total nickel metal reserves of heronresourceslimited is about 8.13 million tons, cobalt metal is about 540,000 tons.　　According to the professional website of the new comprehensive quotation, the current nickel ore price of about 175,000 yuan/ton, cobalt ore price of about 315,000 yuan/ton, Shanshan shares to start, has accounted for the cobalt ore resources.　　The three quarterly bulletin shows that the net profit of lithium battery business has reached 62.32 million yuan, an increase of nearly 150%, accounting for the company's overall net profit of 77.7%, completely beyond the traditional clothing business. "The company is actively developing downstream, and we believe that the company is one of the companies most likely to have the explosive growth of lithium power battery market."　　Northeast Securities analyst Zhou Shi in a recent review of the report said. "The vertical expansion of Shanshan's shares is not over," the source told reporters.　　"Lithium-ion industry chain in March 2009, the State Council issued the" Auto industry adjustment and revitalization of the plan ", to 2011, the country formed 500,000 pure electric, rechargeable hybrid power and common type of new energy vehicle capacity, new energy vehicle sales accounted for about 5% of the total number of passenger cars.　　Conservative estimates, China's passenger car sales in 2015 will reach 20 million vehicles, that is, new energy vehicle sales will reach 1 million vehicles/year, according to the current average price of 200,000 yuan/vehicle, the annual market capacity of 200 billion yuan. "To do is to do the industry first, or not to do." "In Zheng's statement, the continuous integration of the industrial chain, the formation of integrated lithium-ion enterprise thinking, clearly visible."　　Even, he did not hide the future in the lithium industry status of the pursuit-like today's apparel industry.　　But Zheng Yonggang's rivals include 16 of the country's deep pockets of central enterprises. In August 2010, 16 Central Enterprises established the "Alliance of Electric Vehicle industry in the center". The alliance includes CNOOC, the National Grid, AVIC Industrial group, China Poly Group, Changan, FAW, Dongfeng and several other giant enterprises. December 2010, the Chinese FIR shares launched the establishment of China's lithium-ion entrepreneur Club, upstream and downstream of more than 20 lithium-ion enterprises gathered in Ningbo, to join the common development.　　Zheng Yonggang, as a representative of Zhejiang merchants, has also begun to be a leader in the alliance industry to avoid solo fights. In the electric vehicle link, mainly has three function blocks: namely the battery, the electric motor, the electric control (BMS, the battery management system, BATTERY MANAGEMENT systems).　　The Power battery is one of the most important parts of the electric vehicle, and it is also the biggest bottleneck of the commercialization of electric vehicles. "At present, a variety of different cathode materials made of batteries, are being tested, but ultimately which technical route can be successful, it will take three years to know." At the same time, it does not preclude the laboratory to invent a lower cost, more capacity density of battery technology.　　"Zhuhai, a power-core entrepreneur told reporters. At present, lithium iron phosphate in the battery capacity, repeated charge and discharge performance and safety is considered to be ideal, suitable for automotive power battery needs, but also by BYD and other auto manufacturers to choose。 However, the route of the FIR is not lithium iron phosphate, the main products are lithium cobalt oxide, lithium manganese oxide, ternary materials and so on in the two cathode materials company of the FIR stock holding.　　The technical cooperation Enterprise Toda, also focuses on this aspect. "Because of the technical route, the problem of micro-short-circuit of lithium phosphate has not been well solved, which is why Japanese companies are unwilling to use the material."　　"A Guangzhou Electric core Enterprise boss told reporters.　　In addition, according to Deutsche Bank survey results, in the field of power batteries, Japan and South Korea Enterprise Basic "ternary materials + Lithium manganese" mainly, the United States three enterprises, Johnson Controls-saft and Enddel is also ternary materials + Manganese acid lithium, lithium iron phosphate route only A123.　　According to the Securities survey, "ternary materials + Lithium manganese" is currently the mainstream of automotive power lithium-ion battery technology route, it is reported that Nissan just launched in North America pure Electric vehicle leaf is manganese acid lithium line. "Any technology, from laboratory to Industrialization, takes a long time." Now the cathode material to do power battery has matured.　　"Zheng Yonggang said. If the main route of the future power batteries by the market test eventually identified as cobalt, manganese materials, fir shares of the heat or not in today's BYD.