According to the data released by China Automobile Association recently, the growth rate of China Shanxi Guoxin Energy Corporation Limited(600617) automobile sales in January 2022 is still bright. In the context of increasing market demand, since this year, the upstream and downstream enterprises of the automobile industry chain have continued to expand their business layout and seize the high-quality track of the new energy automobile industry.
vehicle enterprise acceleration layout
On February 26, the power battery project of FAW Fudi New Energy Technology Co., Ltd. was officially started in Changchun. It is reported that FAW Verdi New Energy Technology Co., Ltd. is jointly incorporated by FAW and Byd Company Limited(002594) of China.
Tianyancha information shows that the business scope of FAW Freddy New Energy Technology Co., Ltd. includes the development, production and sales of power batteries and battery systems, as well as relevant after-sales and technical consulting services; In addition, it also includes the development, production and sales of energy storage batteries and energy storage systems, as well as battery recycling, echelon utilization, recycling and other businesses.
The total investment of the power battery project started this time is 13.5 billion yuan, covering an area of 800000 square meters and a total capacity of 45gwh After the project is completed, it will meet the supporting needs of 1 million electric vehicles and realize an annual output value of more than 20 billion yuan.
It is worth mentioning that since this year, FAW has accelerated the layout of new energy vehicle industry and further expanded the layout of relevant production capacity.
On February 18, Audi FAW new energy vehicle project was launched. In the new stage of the development of the global automotive industry towards electrification, intelligence, networking and sharing, Audi FAW new energy vehicle project has become an important achievement of China FAW’s deepening strategic cooperation with German Volkswagen Group and Audi. The project applies advanced PPE platform, digital, Internet of things and environmental protection technology. After the completion of phase I, it is expected to produce 150000 new energy vehicles per year.
At the press conference on the interpretation of the “six city linkage” overall plan of Changchun City recently held by the Information Office of Jilin provincial government, the relevant person in charge said that Changchun will take China FAW as the leader, highlight vehicle driving, supporting follow-up, innovation coordination and service improvement, and spare no effort to promote the construction of a number of major projects such as Audi PPE, Byd Company Limited(002594) battery and Hongqi Silko sports car. By 2025, build a world-class automobile industry base with an output value of more than trillion yuan.
Dongfeng Group Co., Ltd. announced at the Hong Kong Stock Exchange in early January that Dongfeng Honda and Wuhan Economic Development Zone signed an investment agreement for the new electric vehicle factory project. The new energy plant of Dongfeng Honda Motor Co., Ltd. is located in Wuhan Economic Development Zone. It is planned to be officially put into operation in 2024, with a basic annual capacity of 120000 vehicles in the initial stage.
Dongfeng Group said that the project is Honda’s first new energy benchmark factory in the world and will provide strong support for Dongfeng Honda’s electrification transformation. After the completion of the project, there will be complete processes for the production of electric vehicles such as stamping, welding, coating, final assembly and vehicle inspection, and the latest automation technology will be introduced into welding, final assembly and other processes.
upstream enterprises actively expand production
At present, the sales volume and penetration rate of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in China are accelerating. In January 2022, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in China were 452000 and 431000 respectively, with a year-on-year increase of 1.3 times and 1.4 times respectively. In terms of market share, in January, the market share of new energy vehicles reached 17%, and the market share of new energy passenger vehicles reached 19.2%, higher than that of 2021.
Stimulated by the dual positive factors of policy and market, the prospect and future development trend of the new energy vehicle industry chain are constantly improving, and the upstream enterprises of the industry chain are also eager to try and actively expand production capacity.
Upstream lithium battery enterprises, including Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) and others, have been expanding their production since last year, and such expansion tide has continued to this year.
Eve Energy Co.Ltd(300014) announced on the evening of February 16 that the company signed the cooperation agreement on the whole industry chain project of new energy battery with Yuxi Municipal People’s government, Yunnan Energy New Material Co.Ltd(002812) , Huayou holding, Yunnan Yuntianhua Co.Ltd(600096) and. The parties agreed to jointly set up two joint ventures in Yuxi City to jointly mine mineral resources, conduct deep mineral processing, jointly develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, and promote the construction of new energy battery industry chain after obtaining exploration and mining rights in accordance with the law.
Auto parts enterprises also actively seize the opportunity to seize a larger market. On February 22, newtage officially landed on the gem. Neutag’s main products include automobile suspension shock absorption support, suspension system plastic parts, interior and exterior decoration plastic parts and other automobile parts products that adapt to the trend of automobile lightweight, energy conservation and environmental protection. After deducting the issuance expenses, the funds raised by newtage will be used for the new product development and production project of aluminum cast parts of Jiangsu Maier automobile, the production project of 40 million sets of auto parts processed by Jiangsu Maier every year and supplement working capital.
Neutag said that with the continuous improvement of the whole society’s awareness of energy conservation and environmental protection and the vigorous promotion of new energy vehicles, automobile lightweight has become the mainstream direction of the development of the automobile industry. Compared with some traditional auto parts made of steel (iron), aluminum alloy materials can greatly reduce the weight of parts while ensuring the strength. With the promotion of automobile lightweight concept and the development of aluminum alloy casting technology, the substitution rate of aluminum cast automobile parts to traditional metal parts is rising, and the market scale will be further expanded, which also provides a broad market space for this aluminum cast parts expansion project.
