Power batteries are entering a new round of expansion competition.
Ningde Times expanded over 184GWH;
Ruiugong energy expansion 130GWH;
China Aviation lithium battery expansion 100GWH ……
According to incomplete statistics, more than 20 new projects related to China’s power batteries in January-April this year, the investment of more than 1.9 million yuan, and the annual production capacity exceeded 450GWH.
In 2021, powerful battery companies were investing in strengthening capacity, many projects were investment in 10 billion yuan.
The new energy vehicle market is insemble, there is no power battery company without capacity, and it must be disappeared. The Chairman of Ningde Times Zeng Qun said that the 2025 movement battery market will enter the TWH (ie, 1000GWH) era. According to this, don’t build a few hundred GWH production capacity, other battery business bosses can’t take a table with Zeng Ren.
Large step expansion capacity
Since this year, the capacity construction of Ningde Times is the largest, only former four months, the expansion scale reached 184GWH.
Ruipu Energy has announced the 130GWH expansion plan. Wenzhou’s 100GWH capacity will be completed in 2026, and it is fully put into production in 2027; Foshan’s 30GWH capacity will begin this year, and it is divided into two phases.
China AV lithium electricity has also announced nearly 100GWH expansion planning, the third phase of Jiangsu, the fourth phase started, the contract, the second phase of Xiamen has also started; and announced with Sichuan Chengdu signing, planning construction 50GWH capacity.
Followed by the honeycomb energy, only half a year of fall, plan more than 70GWH capacity, not only accelerate the expansion of Jintan factory, but also quickly fall into Europe, Sichuan Suining, Zhejiang Huzhou, Anhui Maanshan.
It is worth noting that China AV, honeycomb energy, Ruipu energy and other enterprises will set up 2025 capacity targets in 200GWH.
Some battery companies expansion in January-April 2021
Source: corporate announcements and news reports
In addition, China, the power of China sincerely holding the god and other enterprises are also brewing expansion; the Jiexing’s Jiaxing Phase 8GWH project will also start.
That’s more than three categories of the company in That Lithium Research, First, the market share is relatively large, such as Ningde Times, BYD; Second, it is close to overseas battery companies, car companies, such as billion latitude Lithium, Guoxuan High, Fu Can Technology, etc.; the third is supported by funds, such as honeycomb energy and strength.
These companies are undoubtedly the seed players of the next round of power batteries.
Why is it large-scale expansion?
The number of power-based electric batteries in China’s supporting car companies is a lot, and up to 73 battery companies in 2020 are supporting.
However, in the chairman of Honeycomb Energy and CEO Yang Hong’s new appearance, the number does not represent high quality.
At the beginning of the establishment of honeycomb energy, Yang Hongxin mentioned that China’s power battery industry is characterized by excess structural capacity, and high-end resources are serious.
Yang Hongxin believes that the capacity of the power battery will become more and more concentrated in the future, and many companies that really can do well, represent the next-generation technology, many companies will be eliminated in this process, and the process of capacity concentration is also global new energy. The process of car explosive growth.
In terms of hive, the global new energy vehicle has ushered in explosive growth, and the scale of demand for power batteries will also reach TWH, so it is necessary to carry out the pre-layout.
In the event of the capacity planning of the “electric vehicle observationer”, the person in charge of the “electric vehicle observation” said that the honeycomb energy expansion is based on several aspects: First, the company’s strategic development positioning and market demand prediction, the honeycomb energy is the battery system, Covering the entire new energy battery industry chain, including passenger cars, energy storage / commercial vehicles, light motivation, HEV and other domain needs, their future development goals are to reach the industry TOP3, so capacity construction is inevitable.
Secondly, based on the demand plan of the honeycomb energy strategy and future customer development plan. The hive has said that their capacity planning is mainly for the current customer’s needs and the future development of customers. At present, there are 25 mainframes at home and abroad, and the customer’s demand will be gradually released in the next few years, so the production capacity is digested.
The same is the same as the honeycomb energy, the promise of New Energy Automobile market is optimistic. Different, the production capacity of Ruipu energy is relatively concentrated. For example, in Wenzhou, Ruipu has been laid out of 100GWH capacity plan.
Zhang Xiaocong, Director, Ruiugu Energy Market, Swigu energy capacity is not a step in place, but a phased implementation. Their product mains is characterized by cost performance, and only scale can bring cost advantages, relatively dispersed capacity, will pull up companies management, personnel and other costs.
Zhang Xiaocong said that the future of Ruiugong energy in a region is at least 20-30GWH, which is less than this capacity is no competitive advantage.
In Mo Co, battery companies choose this time point to expand, two reasons, on the one hand, the price of square and soft bag is still declining in the case of rising raw materials. In this case, the battery factory without size is actually difficult to survive. “Those who have a slightly financial strength or head enterprises now want to expand, is preparing to receive the market blank left by these small and medium-sized battery packs.”
On the other hand, under the two-carbon objective, the big market represented by the electric card is turned on, and the future market will also open, so the capacity construction of the company should be appropriate. The biggest representative of this is the cooperation between Ningde Times and China Electric.
Zeng Yun has been in the two sessions of the two sessions, and the vehicle electricity is fully promoted into the field of construction machinery and heavy trucks.
On February 26th this year, in Beijing, “Green Movie” Media Day and 2020 Social Responsibility Report Conference, Deputy Secretary of the State Electrotetages, Director Zumin said that by 2025, the total investment scale is 1.15 billion, Promote 200,000 sets of heavy cards.
Subsequently, March 13th, Ningde Times and the national electric investment signed a strategic agreement, the probability is this cooperation.
The stronger the strong, the knockout continues
As an investor, Wang Rongjin, a partner of Shanghai Jinbang Stock Management Co., Ltd., is more familiar with the situation of various battery companies.
In Wang Rongjin, this expansion is structural, mainly in two aspects, on the one hand, the current expansion is a few power battery companies in the head; on the other hand, the production capacity of lithium iron phosphate batteries More than ternary batteries.
Wang Rongjin revealed that in addition to several companies in the head, many battery companies’ survival is not good, some of which are seeking hosting or processing and other opportunities.
As Wang Rongjin said, these enterprises in which these expansion companies themselves are very brought by the top, most of them are in TOP10 companies.
2020 annual machine volume TOP10
Monomer production enterprise
Wei Li billion
Source: According to the factory certificate of the whole car
With the rise of new production capacity, the motorful effects in the battery are more obvious. According to the passenger certificate of the whole car, it can be seen that in addition to the previous year, the proportion of the two battery corporate markets has declined in 2019, the top 5 and the top 10 proportional growth have significantly increased, visible to battery companies The degree is constantly improving.
Source: Corruption according to the factory certificate
In addition to the increasing number of headers, the number of overall battery companies is also reduced. In 2018, the battery company with a vehicle reached 109, reducing 79 in 2019, reducing 73 in 2020.
Although there is a continuous new forgenes, the trend of overall quantity has not changed.
Source: Corruption according to the factory certificate
Wang Rongjin said that it is now relatively rely on battery enterprises. Either market recognition is not high, or the product has problems, and the car companies are cautious when choosing them. These companies will gradually export the vehicle power battery.
Wu Hui, general manager of the Research Department of Ivene Economics Research Institute, is similar to Wang Rongjin. Wu Hui believes that, one is that the power battery has already formed a brand, and the battery of the head enterprise is also a highlight of the vehicle; the second is that the rankings of enterprises product stability and consistency have problems, this Enterprises are obviously insufficient for large car companies, and their supporting capacity is not enough.
However, Wang Rongjin believes that companies relative to the head are not so stable. To stand in the power battery, at least one head is at least one, or “there is a mine home”, it can guarantee the relatively low cost of the product; or the downstream has a sufficient quality big customers, the market demand is not. “The two companies don’t occupy, the future survival situation is worrying.”