Shenzhen Yinghe Technology Co., Ltd. ('Yinghe') of Shanghai Electric recently won a 1.44 billion Yuan bid to provide automated li-ion battery production equipment for CATL. This is the biggest ever li-ion battery equipment contract between the two companies.
Yinghe, a standard-bearer in intelligent EV battery production equipment, delivers full-package solutions that help power battery plants go smart and digital. The order reflects that CATL, a world-renowned supplier of EV batteries, recognizes Yinghe's competitive strength in delivering battery manufacturing equipment. It will bring Yinghe's reputation and brand influence to a new level, and stimulate the production and operations in 2021.
Enhancing product competitiveness
After joining Shanghai Electric in 2019, Yinghe has greatly enhanced its product competitiveness
After joining Shanghai Electric in 2019, Yinghe has greatly enhanced its product competitiveness and increased its share of top customers against investment slowdown, COVID-19, and many other negative impacts.
With strong financial support from Shanghai Electric, Yinghe has expanded its R&D investment, production capacity, and talent pipeline, rising quickly to be a leader in li-ion battery production equipment.
Backed by Shanghai Electric Automation Group, Yinghe seeks coordinated development with players that specialize in the automated production of li-ion batteries like Fanuc and Manz AG and delivers total solutions of li-ion batteries together. A solid foundation has been laid for Yinghe to lead the li-ion battery development.
Champion of EV batteries
CATL has become a champion of EV batteries with its largest installed capacity in China and the world in 2019. The fast-growing new energy vehicle industry will also stimulate the rapid development of the li-ion battery market.
Under the umbrella of Shanghai Electric, Yinghe will continue to expand its R&D and production capacity and become a globally competitive player together with li-ion battery manufacturers.
