Xiaopeng automobile (09868. HK / xpev. US) has always taken Contemporary Amperex Technology Co.Limited(300750) as the main supplier of power battery, but it has been repeatedly introduced into other battery suppliers.
On January 29, it was reported that Xiaopeng automobile had determined to use Sunwoda Electronic Co.Ltd(300207) (300207. SZ) 4C power battery in medium and large SUV G9, Sunwoda Electronic Co.Ltd(300207) would be supplied by a certain version of G9, with a supply share of more than 50%. In response, Xiaopeng automobile responded: “this information is unofficial. The preparation of vehicles and the selection of suppliers belong to an important part of the enterprise’s business plan. For details, please refer to the information recorded by the Ministry of vehicle industry and information technology.”
On January 30, it was also reported that when Xiaopeng automobile accepted the investigation of the organization, it said that the price of Contemporary Amperex Technology Co.Limited(300750) (300750. SZ) increased too much. In order to cope with the pressure brought by the rising cost, it will gradually replace Contemporary Amperex Technology Co.Limited(300750) power battery with AVIC lithium battery in the future, and the iron lithium battery of Eve Energy Co.Ltd(300014) (300014. SZ) will also continue to be used, mainly matching low configuration models.
In response to the above rumors, Xiaopeng automobile said, “the news of transferring suppliers or a supplier as our core battery supplier is very different from the facts. Xiaopeng automobile will always choose powerful suppliers such as Contemporary Amperex Technology Co.Limited(300750) to become our core partners.”
In fact, as early as December 2021, there were market rumors that Xiaopeng automobile planned to introduce AVIC (AVIC lithium battery). At that time, Xiaopeng automobile did not deny it, but said: “the parts supply chain of vehicle production needs to be continuously improved in order to better ensure supply and production and predict the delivery cycle more accurately.”
Whether true or false, these rumors reflect the trend of “de Contemporary Amperex Technology Co.Limited(300750) ” of Xiaopeng automobile, which is also the choice of many automobile enterprises.
“the first brother of lithium battery” Contemporary Amperex Technology Co.Limited(300750) makes a net profit of 14 billion yuan a year
On January 27, Contemporary Amperex Technology Co.Limited(300750) announced the pre increase of performance in 2021, estimated that the net profit in 2021 was 14-16.5 billion yuan, a year-on-year increase of 150.75% – 195.52%, and the net profit after deducting non recurring profits and losses was 12-14 billion yuan, a year-on-year increase of 181.38% – 228.28%.
Contemporary Amperex Technology Co.Limited(300750) the net profit in the first three quarters of 2021 was 7.751 billion yuan. Therefore, it can be predicted that the net profit in the fourth quarter is expected to reach 6.249 billion yuan – 8.749 billion yuan, and the net profit in a single quarter exceeds 6 billion yuan.
The net income of 14 billion yuan a year is behind the strong earning ability of “lithium battery brother” Contemporary Amperex Technology Co.Limited(300750) is the increase in the market penetration of new energy vehicles and energy storage in 2021, which drives the growth of battery sales; Market development has made progress, new production capacity has been released, and production and sales have increased accordingly; Strengthen expense control and reduce the proportion of expenses in revenue.
According to the data of China Automobile Association, in 2021, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles were 3.545 million and 3.521 million respectively, with a year-on-year increase of 159.5% and 157.5% respectively.
In December 2021, the penetration rate of Shanxi Guoxin Energy Corporation Limited(600617) automobile market has reached 19.1%. From January to December 2021, the average penetration rate of new energy vehicles was 14.8%, more than three times that of 2019. It is expected to achieve the goal of 20% penetration rate in advance in 2022.
the sales of new energy vehicles soared, driving the growth of power battery installation.
According to the data of China automotive power battery industry innovation alliance, from January to December 2021, China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprises had the top 10 loading capacity: Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) (002594. SZ), China Innovation Airlines (AVIC lithium battery), Gotion High-Tech Co.Ltd(002074) (002074. SZ), LG NEW energy, honeycomb energy, Tafel new energy, Eve Energy Co.Ltd(300014) , Farasis Energy (Gan Zhou) Co.Ltd(688567) , Sunwoda Electronic Co.Ltd(300207) .
The loading volume of the top three, top five and top ten power battery enterprises accounted for 74.2%, 83.4% and 92.3% of the total loading volume respectively. Among them, Contemporary Amperex Technology Co.Limited(300750) loading volume is 80.51gwh, accounting for 52.1%.
In the global market, SNE research data show that from 2017 to 2020. The usage of Contemporary Amperex Technology Co.Limited(300750) power battery ranked first in the world for four consecutive years, and the global market share exceeded 32% in 2021. LG and Panasonic ranked second and third, with market share of 21% and 13% respectively.
Ningde has locked in a number of long-term orders, including winning the 57gwh large order of Zhejiang vision under Geely, the 3-year total 15gwh order of Fisker, the Elms order of American commercial electric vehicle, the 5-year order of Jinkang new energy, the 4-year order of Tesla (tsla. US), signing a 10-year long-term strategic cooperation agreement with Great Wall Motor Company Limited(601633) (601633. SH), winning the 7-year order of Mercedes Benz commercial vehicle, and increasing the supply of BMW, Volkswagen Hyundai, Rolls Royce, etc.
New car manufacturers such as NiO. Us, Xiaopeng, ideal (02015. HK / Li. US) and Weima have popular models equipped with Contemporary Amperex Technology Co.Limited(300750) batteries. BMW, Volkswagen, Tesla, Daimler, Jaguar Land Rover, Honda and other traditional car companies are also customers of Contemporary Amperex Technology Co.Limited(300750)
car enterprises “de Contemporary Amperex Technology Co.Limited(300750) ”
Although Contemporary Amperex Technology Co.Limited(300750) is desperately expanding production, it is obviously impossible to meet the needs of all auto enterprises. For the sake of supply chain security and the right to speak in the industrial chain, many car enterprises have sought other battery suppliers, participated in battery manufacturers, and even incubated battery enterprises themselves.
According to 36 krypton’s previous report, China Innovation Airlines has replaced Contemporary Amperex Technology Co.Limited(300750) as the first supplier of GAC new energy. It has not used Contemporary Amperex Technology Co.Limited(300750) batteries since May 2020.
In January 2021, Weilai launched a 150 degree semi-solid battery pack, and the supplier is Weilan new energy. This is the first time that Weilai has introduced the second battery supplier since its cooperation with Contemporary Amperex Technology Co.Limited(300750) . In the installed capacity ranking of Contemporary Amperex Technology Co.Limited(300750) , Weilai is the second largest passenger car customer after Tesla.
Industrial and commercial information shows that Wei Lai’s senior executive has served as the director of Wei Lan new energy. In November 2021, Weilan new energy obtained round C financing from Xiaomi group, Huawei, IDG capital, Weilai capital and other institutions, with an amount of about 500 million yuan.
Geely has reached cooperation with Farasis Energy (Gan Zhou) Co.Ltd(688567) , Sunwoda Electronic Co.Ltd(300207) , Hengyuan new energy, AVIC lithium battery, Hefei GuoXuan, Tafel, Eve Energy Co.Ltd(300014) , Lishen battery, honeycomb energy and other battery enterprises, and introduced LG new energy last year; BMW introduced Eve Energy Co.Ltd(300014) ; Mercedes Benz took a stake in Farasis Energy (Gan Zhou) Co.Ltd(688567) ; Great Wall Motor Company Limited(601633) hatched honeycomb energy; The circle of foreign friends of Byd Company Limited(002594) continues to expand; Tesla’s 4680 battery car will be delivered this quarter; Juwan technology research of Guangzhou Automobile Group Co.Ltd(601238) focuses on graphene batteries
Battery suppliers are catching up.
On January 27, LG new energy was listed on the Korean stock exchange. After the opening, the share price rose 99% and closed up 68%. Before listing, Quan yingshou, CEO of LG new energy, once said: “we expect to exceed Contemporary Amperex Technology Co.Limited(300750) in the global market share and become the first in the world”.
Gotion High-Tech Co.Ltd(002074) . The installed capacity of AVIC lithium battery increased by more than 100% year-on-year. The latter is preparing to go to Hong Kong for listing. Honeycomb new energy is also sprinting the scientific innovation board.
According to the incomplete data statistics of Red Star capital Bureau, only a few head battery enterprises have announced that the new capacity in the next five years has reached 2000gwh.
Liu Hao, an auto industry analyst, told the Red Star capital bureau that Contemporary Amperex Technology Co.Limited(300750) as the leader of global power batteries, occupies more than 50% of the market share and has a great voice. In order to obtain Contemporary Amperex Technology Co.Limited(300750) batteries, some manufacturers not only have a passive production scheduling order, but even need to pay a huge advance payment in advance. “Plan B is the inevitable choice.”
Surrounded by wolves, Contemporary Amperex Technology Co.Limited(300750) is stepping up the construction of a moat.
According to incomplete statistics, since January 2021, Contemporary Amperex Technology Co.Limited(300750) foreign investment has reached 39, mainly focusing on the upstream and downstream industries of lithium batteries, including lithium ore, lithium battery cathode materials, electrolyte, automobile chips, new energy vehicles, etc.
Not bad for money Contemporary Amperex Technology Co.Limited(300750) also released sodium ion batteries last year and recently announced its entry into the field of power exchange. As Contemporary Amperex Technology Co.Limited(300750) said at the press conference of evogo, the power exchange service brand: “the closed-loop value chain of the whole life cycle of battery research and development, manufacturing, use and recycling has been completed”.
Red Star News reporter Wu danruo
