Recently, Weilai and Contemporary Amperex Technology Co.Limited(300750) two giants announced to increase the size of the circuit. Industry insiders said that the new energy vehicle industry is developing rapidly, the charging gap is expanding, and the power exchange track has entered a period of rapid development. For the "pain points" such as non-uniform power battery pack standards existing in the power exchange mode, we should accelerate the standardization and generalization of the power exchange mode and further promote the development of the power exchange industry.
frequent actions
According to the data, there are more than 81000 power exchange related enterprises in China, of which more than 45000 were added in 2021 alone, a year-on-year increase of 147%.
On April 18, Weilai announced that its Nanjing Jiangning Auchan power exchange station was officially launched. So far, Weilai has built 900 replacement power stations in China.
Contemporary Amperex Technology Co.Limited(300750) announced that evogo power exchange service was officially launched in Xiamen. It is expected that by the end of this year, the company will complete the construction of 30 quick change stations in Xiamen. In January this year, times electric service, a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) released the power exchange service brand evogo and the overall solution of combined power exchange. The overall solution of combined power exchange consists of three products: power exchange block, quick exchange station and app.
In addition, on January 24 this year, Geely holdings announced that Chongqing Ruilan Automobile Technology Co., Ltd., a joint venture established by the company and Lifan Technology(Group)Co.Ltd(601777) jointly invested 600 million yuan, has completed the industrial and commercial registration in Chongqing and obtained the business license issued by the market supervision and Administration Bureau of Chongqing Liangjiang new area.
With the giant accelerating the admission, the power exchange track has attracted great attention of investors. Recently, a number of listed companies responded to investors' questions on the layout of power exchange field on the investor interaction platform. Among them, Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) said that the new energy vehicle power exchange equipment company does not plan production at present, but has plans to participate in operation Zhejiang Wanma Co.Ltd(002276) said that the egret charging and changing fund set up by the company includes the fields of electric vehicle charging and changing.
promising
The development prospect of power exchange track is broad. As of March this year, the number of replacement power stations in China had reached 1451. However, compared with the charging mode, the volume of the power exchange mode is relatively small and has great development potential.
Founder Securities Co.Ltd(601901) it is estimated that by 2025, the sales volume of electric replacement passenger vehicles will exceed 2.8 million, the sales volume of electric replacement commercial vehicles will reach 500000, the demand for supporting power replacement stations is about 28000, corresponding to the market scale of 76.5 billion yuan, and the demand for supporting batteries is about 55gwh, corresponding to the market scale of 38.8 billion yuan.
The power exchange mode has many advantages, including high energy supplement efficiency, greatly shortening the energy supplement time and so on. "The power exchange mode can effectively improve the operation efficiency." The relevant person in charge of an electric heavy truck enterprise told the China Securities Journal, "for online car hailing and logistics vehicles, time is money, and the power exchange mode can greatly shorten the energy replenishment time."
At the same time, in the power exchange mode, the battery is uniformly managed by the operator and charged with a stable current at a suitable temperature, which can effectively improve the safety factor of the battery.
Founder Securities Co.Ltd(601901) pointed out that under the mode of "separation of vehicle and electricity", customers obtain the right to use the battery by leasing, which can reduce the threshold for users to buy a car for the first time.
policy support
The power exchange mode accelerates the penetration, but still faces many "pain points".
Compared with the charging mode, the operation cost of the power station is higher. At the same time, the specifications and standards of power batteries are unified, and it is difficult to make a breakthrough in the short term. The battery pack size, weight, locking mechanism and interface definitions are different between different vehicle enterprises, which makes it difficult for the vehicle replacement stations of different vehicle enterprises to be compatible.
Li Shufu, chairman of Geely Holding Group, suggested optimizing the approval process of high-voltage new installation (capacity increase) of power exchange projects, implementing the requirements of reducing the time limit for installation, liberalizing multiple households at one site and speeding up the construction cycle. At the same time, accelerate the standardization and generalization of power exchange mode.
The power exchange mode has received strong policy support. On March 18, the key points of automobile standardization in 2022 issued by the Ministry of industry and information technology proposed to speed up the construction and improvement of electric vehicle charging and replacement standard system, and promote the formulation of standards for pure electric vehicle on-board power replacement system, power replacement and use platform, power replacement battery pack and so on.
According to the implementation opinions of the national development and Reform Commission and other departments on further improving the service support capacity of electric vehicle charging infrastructure, support the construction and layout of special power exchange stations around the scenes of mines, ports and urban transshipment, accelerate the exploration and promotion of vehicle electricity separation mode, and promote the electric transformation of heavy trucks, container trucks in ports and other fields. Explore the shared power exchange mode in the fields of leasing, logistics and transportation, and optimize and improve the shared power exchange service.
