On March 22, Guangzhou Automobile Group Co.Ltd(601238) announced that the board of directors agreed to set up GAC Energy Ecological Technology Co., Ltd. to build a charging and storage energy supply ecology and battery recycling ecology, build a smart and efficient energy cloud platform, and promote the research on energy storage system technology, smart charging and replacement service technology and product development and application of “vehicle station network” collaborative interaction. The total investment of the project is 4.96 billion yuan.
“The establishment of an energy technology company and the construction of a charging for energy storage ecosystem is essentially the preparation of GAC for the development of its new energy gac-e’an business infrastructure; because the infrastructure and sales volume of the charging pile are positively related, if the charging pile facilities are well prepared, customers can buy gac-e’an with no charging anxiety. The successful cases are like Tesla, which plays a benchmark role in the industry.” Zhang Xiang, a researcher at the automotive industry innovation research center of Northern University of technology, told the Securities Daily.
Not long ago, Guangzhou Automobile Group Co.Ltd(601238) announced that its subsidiary gac-e’an has made important progress in the mixed reform, and is expected to be split and listed independently next year. “This time, gac-e’an raised 2.566 billion yuan, corresponding to 6.55% equity, and the post investment valuation is about 39.2 billion yuan. Gac-e’an IPO will be carried out at the right time and place, not excluding listing in Hong Kong.” Guangzhou Automobile Group Co.Ltd(601238) directors’ office told reporters.
It is understood that in the field of electrification, GAC AIAN has the capacity of three power R & D and mass production. In terms of batteries, gac-e’an has silicon negative electrode battery technology and magazine battery system safety technology, and has the R & D and mass production capacity of lithium iron phosphate and ternary lithium batteries. The super speed battery technology developed by Juwan Technology Research Institute incubated by GAC Research Institute has been carried and sold on GAC’s products. In terms of motor, the motor carried by aionv is developed and produced by gac-e’an. In terms of electric drive, GAC parts has established a joint venture with CRRC times semiconductor to engage in the R & D and production of silicon carbide, IGBT and other parts.
Zhang Xiang believes that the state now supports power exchange, and GAC has its own advantages in technical development. In terms of energy storage system, because energy storage needs better technology and capacity, it can be more effectively coordinated and supplemented with charging and power exchange, which is the core of the development of new energy vehicles Guangzhou Automobile Group Co.Ltd(601238) establishing an ecosystem of charging, power exchange and energy storage is to look forward to the market prospect and lay an energy foundation for the development of gac-e’an.
In essence, the new integrated infrastructure of charging, replacing and storing has been strongly advocated by many cities in recent years. This infrastructure can not only meet the needs of electric vehicle charging and changing electricity, but also maintain the stability of power supply, cut peak and fill valley. At the same time, it can also provide services and sites for power battery recycling.
“GAC AEAN may launch corresponding electric models in the future, and make certain preparations for the energy storage carbon points of the automotive industry, because the carbon points can be traded, which can also bring certain benefits to GAC.” Zhang Xiang told reporters. Earlier, there was market news that GAC ea’an would launch electric models for the taxi industry, but no corresponding models have been listed since then.
It is reported that due to the large increase in the price of raw materials this year, if the price of raw materials is maintained within a reasonable range, the profitability of gac-e’an will be significantly improved compared with last year. Considering the impact of the asset restructuring completed last year, it is expected that gac-e’an can achieve a break even sales volume of 3 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 00000.
According to the “14th five year plan” of Guangzhou Automobile Group Co.Ltd(601238) , gac-e’an’s sales target is Shanghai Pudong Development Bank Co.Ltd(600000) vehicles in 2025, and it is hoped that the market share will rank among the top three in the new energy vehicle market, reaching at least 10%. At present, the proportion of online car hailing in the sales volume of gac-e’an is about 12%, and 90% of the sales volume comes from the pure C-end; At present, the sales volume of major core cities (six major cities in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Tianjin) accounts for 40% – 50% of the total sales volume of ai’an.
Guangzhou Automobile Group Co.Ltd(601238) the relevant person of the board office believes that the battery development has not reached the ultimate state, new technologies and new technologies are still emerging, gac-e’an has a large number of relevant technical reserves, and technological progress and iteration will improve the relationship between supply and demand of batteries. It is predicted that there will still be pressure on the price of batteries in the short term, and the price of batteries will return to rationality in the long term.
