Camel Group Co., Ltd.

Company Profile

■URL

http://camelbatt.com

■Address

No. 65 Hanjiang North Road, Xiangyang City, Hubei, China

Business Overview

-China's leading supplier of lead acid batteries and other batteries. The Company operates three lines of business: lead acid batteries, recycled lead, and new energy. The Company has more than 400 types of products used in automobiles, agricultural vehicles, ships, forklifts, golf carts, electric vehicles, and other industrial applications. The Company's main automotive products include starter batteries, start-stop batteries, auxiliary batteries for new-energy vehicles, and batteries for parking coolers in commercial vehicles.

-In FY2020, the Company's share of the lead-acid starter battery market is 48%. The Company delivered these batteries to OEMs such as VW, Ford, Honda, Changan, and Geely.

-In the fiscal year that ended in March 2020, the Company's share of deliveries to the OEM market in China was 48% and its share of the aftermarket was around 25%.

-The Company has three integrated R&D centers (in Xiangyang, Wuhan, and the US), six production plants in China (in Xiangyang, Hubei Province; Wuzhou City, Guangxi Province; Yangzhou City, Jiangsu Province; Fengcheng City, Jiangxi Province; Toksun County, Xinjiang Uygur Autonomous Region; and Jainshou City, Anhui Province), and one plant overseas (a battery production plant in Malaysia).

Shareholders

-Listed on the Shanghai Stock Exchange (As of Dec. 31, 2020)
Shareholders Shareholding ratio (%)
Liu Guoben 26.24
Hubei Tuofeng Investment Co.,Ltd. 13.41
Others 60.35
Total 100.00

Products

Lead-acid batteries
-Auto starter lead-acid battery/automobile starting batteries
-Plate type valve-controlled lead-acid batteries
-Pure lead thin plate winding type lead-acid battery
-Valve regulated lead acid batteries
-Maintenance-free acid batteries

New energy products
-Permanent magnet synchronous motors
-Motor controllers
-Ternary lithium batteries
-Start-stop batteries
-Lithium-iron batteries
-Commercial vehicle battery system

Others
-Battery cases
-Battery cell separators
-Battery plates
-Lead alloy for batteries
-Battery for parking cooler

History

1988 The Company was established.
1997 Received ISO9002 certification. 
2001 Received ISO9001 certification. 
2005 Received (BVQI)ISO/TS16949 certification. 
2008 Received ISO14001 certification. 
2009 Started to establish a new plant in Xiangfan with an annual capacity of 8 million lead-acid starter batteries.
2010 The company changed its name to Camel Group Co., Ltd.
Jun. 2011 Listed on the Shanghai Stock Exchange.
Jan. 2012 Central China Camel Storage Battery Co.,Ltd. established.
July 2012 South China Camel Storage Battery Co.,Ltd. established.
Mar. 2013 Northeast China Camel Storage Battery Co.,Ltd. established.
July 2014 Acquired 100% shares of Yangzhou Apollo Battery Co., Ltd.
June 2015 Hubei Camel Special Power Supply Co.,Ltd. changed its name to Hubei Camel New Energy Battery Co., Ltd.
Dec. 2015 Camel New Energy Battery Co., Ltd., its wholly owned subsidiary, will acquire all shares in Xiangyang Camel New Energy Co., Ltd. for CNY 198 million.
Jun. 2016

The Company invest an additional CNY 102 million in Tulufan Dingxin Resources Technology Environmental Protection Co., Ltd. After the transaction, Tulufan Dingxin Resources Technology Environmental Protection will be owned 51% by the Camel Group, 44% by the Xinjiang Renewable Resources Group, and 5% by Tuokexun County Longyuan Construction Co., Ltd.

The Company and SC Uzavtosanoat of Uzbekistan signed a basic agreement setting the framework under which Camel will acquire over 51% of SC Djizak Battery Plant shares owned by SC Uzavtosanoat.

Jul. 2016

The Company established a wholly owned subsidiary in Chongqing. The new company will be called Camel Chongqing Storage Battery Co., Ltd., and will be capitalized at CNY 50 million.
The Company established a materials recycling company in Chongqing city to increase its capacity for collecting used lead-acid batteries. The new company will be called Camel Chongping Recycling Co., Ltd., and will be capitalized at CNY 50 million.
Aug. 2016 The Company established a wholly owned subsidiary in Ann Arbor, Michigan, U.S.A. to develop batteries, battery materials, and power sources.
Nov. 2016

The Company established wholly subsidiary "Camel Group Wuhan Guanggu R&D Center Co., Ltd." in Wuhan.

Jan. 2017 The Company established a joint venture in Turpan City in the Xinjiang Uighur Autonomous Region with Xinjiang Recycling Resources Group Co., Ltd. and Tuokesun Longyuan Investment Construction Co., Ltd. The new company will be called Camel Xinjiang Storage Battery Co., Ltd.
Apr. 2017 The Company invested EUR 27 million in an electric vehicle manufacturer Rimac Automobili d.o.o.
Jun. 2017 The Company established battery material recycling company.
Sept. 2017 Acquired the share of Rimac Automobili d.o.o and Greyp Bikes d.o.o in Croatia.
Mar. 2018 Established Ricam New Energy Technology Co., Ltd. with Croatia's Rimac Automobili d.o.o
Mar. 2018 Completed acquisition of Hubei Jinyang Metallurgical Incorporated Co. Ltd.
Jan. 2019 The Company and M-ARSH LLC, an Uzbek company, planned to set up a joint venture, Camel M-Arsh Battery Co., Ltd. in the Republic of Uzbekistan. 
Jan. 2019 The Company was to set up new companies, Camel Group (Anhui) Renewable Resources Co., Ltd. and Camel Group (Anhui) Battery Co., Ltd. in Jieshou, Anhui Province.

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