Power lithium battery upstream, internal and foreign games into China ‘Srunge’ staged ‘multi-country kill’

Power lithium battery upstream, internal and foreign games into China 'Srunge' staged 'multi-country kill'

There is a strong enemy before, there is a chasing troops, the powerful lithium battery company is in the abdomen, the industry is playing a new round of “fire”. A few days ago, Geely Automobile Holdings Co., Ltd.

(hereinafter referred to as “Geely Automobile”, 00175.HK) announced that it indirectly has 99% of its subsidiaries Shanghai Huapu National Run and LG chemistry establishment of joint venture agreement, and both parties agree to establish a joint venture company. Important engaged in production and sales of electric car batteries.

This is not the first time in Geely Automobile to set up a joint venture company.. However, behind the “marriage” of Geely LG chemistry, it is more worth noting that the strong “spray” of Japan and South Korea’s power lithium battery companies.

. Up to now, Samsung SDI, LG Chemical, SK Group, Panasonic, etc., China, South Korea dynamic lithium battery “giant” has returned to my country’s market, which will bring a small impact on domestic power lithium battery companies, especially smaller scale.

Company will face the risk of being eliminated. In the face of the double-sided clavles of the vehicle factory and overseas competitors, Guoxuan Gaoke Co., Ltd.

(hereinafter referred to as “Guoxuan Hao”, 002074.sz) responded to the “my country Business News” reporter said that foreign companies will not enter. The child will change the pattern of the current domestic market.

The company is currently actively expanding our customers, including Geely, Hezhong, Bosch, etc.. Zhejiang Southern Power Power Co.

, Ltd. (hereinafter referred to as “Nandu Power”, 300068.SZ) The relevant person in charge said: “Regardless of the policy, how the industry changes, how to accelerate foreign investment, about us, the key is to do product and technology This is the foundation.

“The whole vehicle factory bet with the continued rapid development of my country’s new energy vehicle market, as the” heart “of the new energy vehicle, the power lithium battery industry in the new energy car is also increasingly attached to the vehicle enterprises, and they have chosen to bet, self-built or Joint venture set up battery factory. According to the Geely Car Notice Content, the company’s Shanghai Huapu and LG chemistry plans to set up a joint venture company. The joint venture has a registered capital of $ 188 million, and the two parties have funded 50% respectively, and each hold 50% stake.

. Geely Automobile said that the establishment of a joint venture company is that the company’s board of directors has already recognized the development potential of my country’s electric vehicle market, especially the reliable supply of advanced and high-performance electric vehicle batteries. Regarding the future implementation of “Blue Geely Action” strategy few.

In fact, in December last year, Geely Automobile Zhejiang Jiun Automobile Co., Ltd. has reached an agreement with CATL to jointly establish a joint venture company, an important part of the production of lithium-ion batteries, fuel power batteries, large-capacity energy storage batteries.

Sale. The joint venture company registered capital is RMB 1 billion, of which Zhejiang Jiun has funded 490 million yuan, accounting for 49%. In addition to Geely Motors, the reporter combined found that in September 2018, Dongfeng Auto Co.

, Ltd. and Beijing Habibi Co. The company will import new energy automotive battery packs, battery management systems, vehicle operations, battery traders, and services.

. In 2017, SAIC Group also passed its wholly-owned subsidiary Shanghai Automobile Group Investment Management Co., Ltd.

, and CATL joint venture, the era of SAIC’s Sports Lithium Battery Co., Ltd. and SAIC Times Power Lithium Battery System Co.

, Ltd.. Time SAIC is responsible for the development, production and sales and after-sales service of lithium-ion batteries, lithium polymer batteries, and the development, production and sales of Qiqi Battery modules and systems in SAIC’s development.

. Zhao Xiaoma, executive director in burning consultation, as one of the core components of the new energy car, the sufficient stable supply capacity of the power lithium battery affects the core production power of the vehicle factory. However, the supply requirements of the power lithium battery simultaneously meet the technical and production capacity, and the independent self-construction plant is difficult to meet yield and technical requirements in a short period of time.

. Therefore, most of the company’s choices and high-quality battery production companies can also disperse certain risks..

“The joint venture between the vehicle factory and the battery factory is important to ensure battery supply.. The operation is specialized, battery core production is a more professional, and the vehicle factory is more difficult, so it is generally used to use the joint venture, handed over to the battery factory.

. “The Chief Analyst Chief Analyst for Zhen Lithium” said to the reporter. The “food” of the outside is worth noting, in the country, although there have been CATL, BYD, Guoxuan High-class dynamic lithium battery “leader” company, but from this time, Geely “hand in hand” LG chemistry is not difficult to see, Japan and South Korea Power lithium battery company’s strong attack attitude is not to be underestimated.

In the announcement of LG chemistry, it is said that the two sides will start construction in my country this year, and it is expected that the factory will have 10GWH expected annual production at the end of 2021.. LG chemistry also stated that in the future, in the context of guaranteeing its own technology, actively carry out joint ventures and all-round cooperation between my country’s vehicle company.

. At the same day of Geely Automobile announced the “marriage” LG chemistry, at the invitation of Cui Taoyuan, Chairman of South Korea, Xujiaying, Chairman of the Chairman of the Board of Directors of Evergrande Group, visited the SK Group, and the two sides explored the new energy vehicles, power lithium batteries and other fields. Possibility of in-depth cooperation.

In addition, Samsung SDI also revealed in its earnings, will make further planning for future layouts in our market.. Four years ago, Samsung SDI has been with Anqing Ring New and High-class Group joint venture with power lithium battery production base, base settled in Xi’an.

In November 29, 2018, in order to expand the output, Samsung SDI will start, and 5 60AH lithium ion power lithium battery production line will be formed after the project is completed.. “In fact, in 2015, my country’s new energy vehicle market began to explode, and foreign high-quality dynamic lithium battery manufacturers, including Panasonic, LG chemistry, Samsung SDI, etc.

, have made plans to enter my country and initially implemented. However, due to the new energy car subsidies and restrictions on the June 2016, new energy vehicles that use foreign brand batteries cannot obtain national and local financial subsidies, my country’s vehicle factory quickly turned to domestic brand batteries, overseas brands entered my country Market Plan Temporarily strand. Zhao Xiaoma pointed out that according to the current policy, my country’s new energy car subsidy policy will exit at the end of 2020.

This is for overseas brands to clear the obstacles. It can foresee the next two years, the above foreign brands will greatly enter my country..

It is worth mentioning that the relevant media reports that in May 2018, the China National Automobile Association and my country’s Automobile Power Lithium Battery Industry Innovation Alliance jointly publicized the “car power storage battery and hydrogen fuel power battery industry white list (first batch)”, of which The Korean power lithium battery company entered the list for the first time. Although the white list and subsidies are not directly related, it is still seen by the industry as a Korean company to initiate a new round of offensive in my country..

“If you compete, if you are competing, you should quickly improve product quality in a short time to compete with Japan and South Korea.. The wolf comes in is not a bad thing, and the results of the wolf dance will make our outstanding company very likely to become a wolf.

. “Mo Ca said. However, in the face of overseas companies, Guoxuan’s high-tech side said that although the battery similar to the pine is technically advantageous, the price is not high.

. At present, domestic industrial chains have also been high, especially in the battery sector, market pattern is not so easy to break..

Accelerate the shuffle face the double-sided clavles of the vehicle factory and the outside person, the pressure of domestic power lithium battery manufacturing company is self-evident, especially some small and medium-sized battery companies. According to data, in 2018, the top five companies in China have occupied 73.72% of the national market, and the top ten have won 82.

83% of the market.. Wang Yao, deputy secretary-general of my country’s Automobile Power Lithium Battery Industry Innovation Alliance, publicly said that in 2018, there were 93 power lithium batteries in my country’s new energy vehicle market realized loading support (according to the group company), which was 9 in 2017.

. After the number of companies reached the peak in 2016, the power lithium battery industry entered the washing period after the early policy subsidies, the product quality was not met, and the company was difficult to achieve profitable, and the industry has been eliminated by the market. The development of the industry is “large” Quality “transformation, future market competition will further exacerbate.

The reporter noted that even if “surviving” power lithium battery companies also face a variety of difficulties. For example, from the 2018 annual report released by many batteries, in addition to the small number of double rises, including super-power (0951.hk), Chengfei integrated (002190.

SZ), rich in Seiko ( 300432.SZ), Rilevo (300116.sz), the company in Nandu power, there is a decline in net profit and even losses.

According to disclosed information, the gross profit margin of the 200th lithium battery company in 2018 has declined sharply, and some companies have gross profit margins and even less than 10%.. “Subsidy is affected, this year’s competition will be more intense.

First, the subsidy is serious, and the vehicle enterprise will compose battery manufacturers. The profits of battery manufacturers will decrease; second, the account may deteriorate, the company is not strong, it is difficult to support for a long time. “Mo Ke pointed out that the lithium battery industry is already in the shuffling stage, this year will be more.

About the small and medium-sized battery factory, the best way is to open up other lithium-saving markets outside the electric car.. “Overseas electric car market has only a four or five battery plants, and the domestic market will eventually be similar, and finally will only leave 10 home.

. “Zhao Xiaoma also believes that due to the technical and production capacity of foreign-funded brands, the average level of domestic manufacturers, plus the impact of subsidies, domestic manufacturers, especially and foreign manufacturers have a large gap with large gaps manufacturers. It will face the risk of large pressure and market share, domestic brands must be further upgraded to enhance their competitiveness.

. In the face of the current situation, the relevant person in charge of Guoxuan’s high-tech said that the company is constantly strengthening its hard strength, and it is also actively expanding new customers..

According to the South Power supply, the subsidy resurdle is the problem facing the whole industry. The company will strive to digest these issues, and the most important thing is to do product and technology.

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