Report summary:
Byd Company Limited(002594) released CTB power battery technology, and the first model seal was launched for pre-sale. On May 20, Byd Company Limited(002594) released CTB battery body integration technology and seal, the first e-platform 3.0 model equipped with CTB technology. The seal opened the pre-sale on the same day, and the pre-sale price was 2128289800 yuan.
Byd Company Limited(002594) seal is the world’s first mass production vehicle equipped with CTB technology, and also the first vehicle equipped with ITAC technology, rear drive / 4WD power architecture, front double wishbone + rear five link chassis suspension. It is understood that, compared with the traditional CTP technology, CTB technology further integrates the battery cover and the underbody, and evolves from the original battery ‘sandwich’ structure to the whole vehicle ‘sandwich’ structure Byd Company Limited(002594) Automotive Engineering Research Institute president Lian Yubo said that CTB technology makes the “blade battery” more closely combined with the body, and the torsional stiffness of the whole vehicle is doubled, which can create an electric vehicle without collision. As one of the core technologies of e-platform 3.0, CTB technology has improved the architecture of e-platform 3.0 medium-sized platform, and the volume utilization rate of CTB technology power battery system has increased to 66%.
Farasis Energy (Gan Zhou) Co.Ltd(688567) and Geely’s second power battery project started in Chongqing, with a planned capacity of 12gwh On May 19, Chongqing Fuling 12gwh power battery project jointly invested and built by Geely Technology Group Co., Ltd. and Farasis Energy (Gan Zhou) Co.Ltd(688567) was officially started. The project is mainly engaged in the R & D, production and sales of power battery cells, modules and packs. After the completion of the project, the annual production capacity of 12gwh power battery can be realized. In December 2020, Farasis Energy (Gan Zhou) Co.Ltd(688567) and Geely technology group plan to set up a joint venture to build a power battery production plant, and the total capacity of the joint venture and the company is expected to reach 120gwh; On May 17, 2021, the two sides established a joint venture with a registered capital of 1 billion yuan; In the same year, the first joint venture project between the two sides broke ground in Ganzhou, in which phase I will build a power battery capacity of 12gwh.
Henan: by 2025, the province will strive to build a 300 billion level new energy vehicle industry cluster. On May 20, the general office of Henan Provincial People’s government issued guidance on further accelerating the development of new energy vehicle industry. By 2025, the annual output of new energy vehicles will exceed 1.5 million, accounting for more than 40% of the province’s automobile output. Efforts will be made to build a 300 billion new energy vehicle industry cluster, and strive to promote the output value of complete vehicles, parts and supporting facilities in the province to reach 500 billion yuan The operating revenue from sales and value-added services reached 500 billion yuan. The province has built more than 5000 centralized charging (replacement) power stations, more than 150000 charging piles and more than 100 hydrogenation stations to achieve full coverage of key application areas. In addition to emergency vehicles, buses, cruising taxis and logistics vehicles, sanitation vehicles and online taxis in urban built-up areas in the province basically use new energy vehicles; The green substitution rate of heavy cargo vehicles and engineering vehicles shall reach more than 50%.
Risk tip: the macro economy is less than expected, and the car sales are less than expected.
