Event summary:
On January 18, times electric service held its first press conference online to release the power exchange service brand evogo and the overall solution of combined power exchange. Times electric service is a wholly-owned subsidiary of Contemporary Amperex Technology Co.Limited(300750) and is committed to providing users with convenient and reliable mobile power solutions and services. The overall solution of combined power exchange consists of three products: power exchange block, quick exchange station and app. Meanwhile, Chen Weifeng, general manager of times electric service, said that evogo power exchange service will be launched in the first batch of 10 cities.
Main points:
The Contemporary Amperex Technology Co.Limited(300750) power exchange scheme will promote the development of power exchange mode. The overall solution of Contemporary Amperex Technology Co.Limited(300750) combined power exchange consists of three products: "power exchange block, quick exchange station and app". The power exchange block adopts the latest CTP technology, with a weight energy density of more than 160wh / kg and a volume energy density of more than 325wh / L. a single battery can provide a endurance of about 200km and can adapt to 80% of the world's listed models; The power exchange station can realize rapid power exchange. The power exchange of a single power block is about 1 minute, and 48 power exchange blocks can be stored in the station. Contemporary Amperex Technology Co.Limited(300750) entering the power exchange station to solve many pain points of the power exchange mode will promote the development of the power exchange mode.
There is a huge market space for power exchange track. The industry is also actively arranging replacement power stations. According to the plans announced by various companies at present, in addition to the repeated data of cooperation, according to incomplete statistics, there will be at least 20000 new replacement power stations in China by 2025. We expect that the sales volume of new energy vehicles will account for 30% to 9 million in 2025, the proportion of electric vehicle replacement is expected to reach 30%, the efficiency of electric vehicle replacement will reach 2.7 million, and the number of electric vehicles will reach 6.85 million. To meet the demand for power replacement, it is expected that there will be more than 30000 power replacement stations in 2025; The scale of the operating market will reach 225 billion, with nearly 20 times the growth space compared with 2021; The investment scale of power exchange station will reach 57.1 billion; Among them, the power exchange equipment accounts for about 50% of the investment cost of the power exchange station, and the power exchange station equipment market will reach 28.5 billion, with nearly 15 times the growth space compared with 2021.
Investment opportunities in the power exchange industry chain. With the continuous introduction of support policies for the power exchange mode, Contemporary Amperex Technology Co.Limited(300750) such a power battery giant will enter the power exchange track, which will accelerate the development of the power exchange industry. In the future, the market pattern may be more complex, and the first mover enterprises and enterprises with technological advantages will be more competitive. It is suggested to pay attention to the track of power exchange industry chain. At present, there are mainly three enterprises operating power exchange stations in China: Aodong new energy, Weilai and Hangzhou bertan technology; Main manufacturers of quick change system Csg Smart Science&Technology Co.Ltd(300222) , East Group Co.Ltd(300376) and Shandong Weida Machinery Co.Ltd(002026) ; Related companies of charging system include Nari Technology Co.Ltd(600406) , Xj Electric Co.Ltd(000400) , etc; Leading enterprises in various links of power battery continue to benefit, such as Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , Gotion High-Tech Co.Ltd(002074) , Eve Energy Co.Ltd(300014) , etc.
Risk tips: the demand growth rate does not meet expectations, the risk of policy changes, and the deterioration of the competition pattern of the industrial chain.
