Recently, Industrial Bank and its wholly-owned subsidiary, Xingye Leasing, signed a memorandum of cooperation with Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Time New Energy") and a leading supplier of new energy automotive power batteries. Based on the provision of credit line of RMB 10 billion to the company last year, it plans to provide RMB 30 billion financing for TIME Energy through its products, such as the Bank's lease, and the payment and settlement, cash management, investment banking, IPO financial advisory, and derivatives trading. Comprehensive financial services programs, among others.

Ningde Times New Energy Power Battery

Based on the status quo and trends of the new energy automotive industry, and taking full account of factors such as market size, local policies, and resource advantages, the two sides will jointly support the five major regions of Shanghai, Beijing, Fujian, Guangdong, and Sichuan and Chongqing in the next three years. There are 30,000 municipal vehicles such as energy buses and sanitation vehicles, 50,000 new energy taxis, and 80,000 new energy logistics vehicles. A three-dimensional charging network based on fixed charging piles and supplemented by a mobile energy storage system is established. Build an infrastructure service system for new energy private cars.

At the same time, the two sides also plan to establish a joint research team to actively explore the business model of battery cascade utilization, establish a second-hand battery realizing or reusing system, and innovate risk control measures to make the battery itself a qualified risk-sustained release product.

The main business of Ningde New Energy Technology Co., Ltd. is to provide first-class solutions for the application of new energy, promote the application of new composite cathode materials, high-performance materials and automated manufacturing process technologies, and realize the industrial production of lithium-ion batteries for electric vehicles. It has become an important supplier of lithium batteries for domestic new energy vehicles.

As one of China's seven strategic emerging industries, the new energy automobile industry is regarded as an important opportunity for China's auto industry to realize technological overtaking, as well as an important factor in promoting the green transformation and upgrading of the automobile industry, and moving to the mid-to-high end to cultivate new economic growth momentum. Handle. According to national planning and related research institutions, by the year 2020, the number of new energy vehicles will reach 5 million, and the market size will reach 450 billion yuan. It is expected that the total industrial output value will reach 1.35 trillion yuan.

In the development of new energy automotive industry, green finance plays an important boosting role. As a domestic green finance pioneer, Industrial Bank has earlier deployed and relied on the advantages of the Group's comprehensive operations to innovate through service models such as industrial funds and financial leasing, and continued to increase support for the new energy automotive industry.

It is understood that Xingye Leasing, a subsidiary of the bank, cooperated with the Asian Development Bank in 2013 to develop clean energy bus leases and support clean energy bus replacement and upgrading. The project has been carried out in more than ten cities including Jinan, Tianjin, Changchun and Suzhou. Annual carbon emissions can be reduced by about 60,000 tons. The bank has also recently launched an equity investment fund for the new energy industry in Ningde City, with a scale of RMB 2 billion. It is mainly invested in upstream and downstream companies of the new energy industry in Ningde City, helping the new energy industry become bigger and stronger.

As of the end of May 2017, Industrial Bank's new energy auto industry had a total financing balance of 16.057 billion, supporting customers to cover the upstream and downstream industry leaders and cores of new energy vehicles including BYD, BAIC New Energy, Yutong Bus, Ningde Times New Energy, and Guoxuan Hi-Tech Power. enterprise.