Huaxin (1605) stainless steel and power cables have the same price and quantity in their own industries, and they will deploy new energy industries. Indonesia invests in the establishment of a matte nickel plant, and Kaohsiung Port builds a submarine cable plant. The car charging pile manufacturer cooperates to provide cables and has just been included in the MSCI Global Standard Index.
Jiao Youlun, chairman of Huaxin, said that Huaxin’s products are diversified, covering power, materials and raw materials. In response to the future new energy era, the investment layout focuses on the four fields of energy creation, energy storage, transportation energy and energy use, including submarine cables and smart grid cables. And electric vehicle charging pile, nickel matte and other fields.
Huaxin is optimistic that offshore wind power operators will attack the government’s third-stage offshore wind power block development, which requires submarine cables. Huaxin has just leased land in Kaohsiung Port from the Port Authority to build a submarine cable factory. It is expected to start construction in the second half of 2023, complete in 2025, and start trial production in 2026, with a total investment of more than 5 billion yuan.
Huaxin pointed out that the connection between submarine cable technology and certification, and sending it to Europe for certification will take a long time. Huaxin plans to complete the certification by 2027 and provide it for offshore wind turbine operators developing the third block of offshore wind power.
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