Zhongtian technology to spend 200 million investment lithium, photovoltaic

In the PV products export trade before the Bureau undecided, the industry spring has not yet come and lithium battery is popular, Zhongtian technology (600522.SH) to invest 200 million yuan to increase the lithium and photovoltaic industry investment.

Yesterday evening, Zhongtian Technology issued a notice that the company's one-dimensional energy storage Technology Co., Ltd. (hereinafter referred to as "Zhongtian storage Energy") increase of 100 million yuan, after the increase in capital, the Zhongtian storage can be increased from 100 million yuan to 200 million yuan, of which the Zhongtian technology shares of 185 million yuan, Zhongtian technology shareholding ratio by 85 % increased to 92.5%.

Data show that the main business scope of Zhongtian storage is lithium batteries, sodium sulfur batteries, such as research and development production and sales.

The benefit of the US Tesla electric car in North America beyond the market expectations of the impact of the "Tesla" concept stocks are sought after, domestic electric cars and lithium battery market bullish, Zhongtian technology choice at this time to increase the lithium batteries or for this purpose.

At the same time, Zhongtian technology shares to be invested 100 million yuan wholly owned by the establishment of Zhongtian photovoltaic power Generation (Rudong) Co., Ltd. (hereinafter referred to as "Zhongtian photovoltaic"), the full use of Rudong down the coastal beach, engaged in photovoltaic power generation business.

The main business scope of the solar photovoltaic power station is the investment, construction, operation, maintenance and management services, distributed photovoltaic power generation project design, technical consulting, installation construction, technical support and operation training of power station, research and development, manufacturing, sales and system integration of photovoltaic power generation and new energy micro-grid equipment.

Data show that since 2009, because the PV industry around the horse, eventually led to overcapacity, coupled with photovoltaic energy consumption, the European anti-dumping on China's PV, so that the domestic PV industry began to decline, from the Jiangxi Sai-Wei to Wuxi Suntech and other photovoltaic enterprises have burst into business difficulties or even bankruptcy.

However, in recent years, the photovoltaic industry is good frequency. July, the State Council on the promotion of the healthy development of the photovoltaic industry, a number of views issued; August 6, the European Commission approved the EU-China PV trade dispute, "price commitment" agreement to enter into force, these have prompted the photovoltaic industry a new round of investment boom. However, if the PV industry "through the winter officially", it seems too early.

As of yesterday, Zhongtian Technology reported 9.45 yuan/share, slightly up 0.96%.