10.9 billion votes! Guangdong new energy car companies end up making batteries | Greater Bay Area Industry City Express

“Greater Bay Area Industry City Express” Issue 156

(1) 10.9 billion! Another new energy car company ends up making batteries

On October 27, GAC Aian announced that Inpai Battery Technology Co., Ltd. was officially registered with a registered capital of 1 billion yuan. Panyu District, Guangzhou City, with a total investment of 10.9 billion yuan, carries out battery self-research and self-production industrialization construction, as well as independent battery production, manufacturing and sales.

After gradually shifting from the early operating car market to the private car market, GAC Aian’s sales performance has been eye-catching. Sales from January to September in 2020, 2021 and 2022 will reach 60,000, 120,200 and 182,300 respectively. In September of this year, GAC Aion sold more than 30,000 vehicles in a single month, surpassing the performance of most new car-making forces in the same period.

In addition to batteries, GAC Aian has made frequent moves in the layout of the entire industry chain. Two days ago, Ruipai Power Technology Co., Ltd., also invested by the above-mentioned three GAC-related companies, also announced its establishment with a registered capital of 900 million yuan and is controlled by GAC Aian. The company focuses on independent research and development and industrialization of the IDU electric drive system, and realizes the integration of independent electric drive research and development, trial production, testing and mass production. It is expected to invest 2.16 billion yuan in the next few years.

In addition, GAC Aeon also invested nearly 5 billion yuan to set up an energy technology company in July this year, and laid out the field of charging, replacement and energy storage; in August, it reached a strategic cooperation with Ganfeng Lithium Industry to enter the lithium mining industry. Until the establishment of Yinpai Battery this time, GAC Aian said that this indicates that the company will fully open up the layout of the energy ecological industry chain including upstream raw materials, research and development, manufacturing, battery recycling and cascade utilization.

This way of building an industrial ecology is also reflected in equity financing. GAC Aian completed the A round of financing on October 20, with a total financing of 18.294 billion yuan, releasing 17.72% of the shares, and the valuation has reached 103.2 billion yuan. Many of the 53 strategic investors introduced are from upstream and downstream industries, such as Southern Power Grid established by China Southern Power Grid, State Grid Yingda Industrial Fund established by State Grid, Ganfeng Lithium Industry, and wafer foundry company Yuexin Semiconductor. Wait.

(2) New energy vehicle parts build a new entry threshold

In recent years, the development trend of the global automobile industry from traditional fuel vehicles to new energy vehicles has become increasingly clear. Compared with the United States and Europe and other countries and regions, my country started late in the field of traditional automobiles, but it is in the first echelon in the field of new energy vehicles. The arrival of the era of new energy vehicles has broken the traditional supply chain system of the automobile industry and provided an opportunity for the development of my country’s auto parts to “change lanes and overtake”.

According to the data of the China Automobile Association, in 2021, the production of new energy vehicles in my country will be 3.5449 million units, and the sales volume will be 3.5205 million units, a year-on-year increase of 159.48% and 157.48% respectively. With the increase in the penetration rate of new energy vehicles, the proportion of new energy auto parts products in the auto parts market will further increase, and parts companies that can occupy the first-mover advantage in the field of new energy supporting products will receive greater Therefore, auto parts companies show a trend of developing towards new energy. As the first echelon in the field of new energy vehicles, my country has ushered in the opportunity of “changing lanes and overtaking” in the auto parts industry.

At present, my country’s automobile industry has formed automobile and parts industry clusters in the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, Chengdu-Chongqing, and Northeast China. Domestic auto parts suppliers are accelerating the layout of the new energy vehicle industry chain and gradually building up the advantages of the local supply chain.

At present, SAIC Volkswagen and Japan’s Renesas have jointly established a joint laboratory for automotive electronics to jointly develop auto parts; JAC and Huawei have cooperated in research on smart car solutions, enterprise informatization, smart parks, and smart factories. Some parts companies choose to cooperate with IT companies, such as Visteon and Tencent to develop autonomous driving technology and digital AI cockpit solutions. The “multi-party cooperation and joint research and development” model will become an important trend to promote the development of my country’s auto parts industry.

Taking Guangdong, a major automobile province, as an example, Guangdong recently launched the “Implementation Plan for Guangdong’s Auto Parts Industry “Strong Chain Project”, especially for key components and core technologies such as intelligent connected vehicles. It is estimated that by 2025, the production of automobiles in Guangdong Province will exceed 4.3 million units, the operating income of the automobile manufacturing industry will exceed 1.25 trillion yuan, and the operating income of the parts manufacturing industry will exceed 590 billion yuan.

(3) Policy support, the power battery recycling industry is popular

A few days ago, GEM’s performance report showed that, driven by power battery recycling and other businesses, the company’s operating performance in the first three quarters of this year achieved a substantial year-on-year increase. The rapid growth of GEM’s power battery recycling business has also become a microcosm of the rapid development of this industry.

Industry insiders said that under the combined effect of factors such as the gradual increase in the penetration rate of new energy vehicles, the increasing environmental protection requirements, the sharp rise in upstream raw material prices and the continuous increase in the number of retired power batteries, the power battery recycling industry has entered the fast lane of development. Power battery recycling not only has high economic value and environmental protection value, but also is of great significance to ensure the sustainable and healthy development of the new energy vehicle industry.

A few days ago, the list of 11 pilot enterprises for the extension of producer responsibility for automobile products determined by the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance and the Ministry of Commerce was announced. Among them, the main units include Zhejiang Geely Automobile Co., Ltd., China FAW Group Co., Ltd., Dongfeng Motor Group Co., Ltd., etc. There are 62 joint units, including the recycling and dismantling of scrapped vehicles, power battery recycling and power battery production.

As of the end of August 2022, more than 190 enterprises in automobile production and comprehensive utilization of power batteries have set up 10,235 recycling service outlets in 326 prefecture-level administrative regions in 31 provinces (autonomous regions and municipalities) across the country. At the same time, 45 key enterprises of cascade and recycling have been cultivated, and a batch of new business models such as “renting and selling secondary batteries” and “replacing waste materials for raw materials” have been explored, and the recycling system is gradually being improved.

Tianfeng Securities said that under neutral expectations, the total market size of my country’s power battery recycling is expected to reach 75.84 billion yuan in 2030. Among them, the market size of cascade utilization reached 31.35 billion yuan, and the market size of recycling reached 44.49 billion yuan. Under optimistic expectations, it is expected that the total scale of the retired power battery ladder and recycling market in 2030 is expected to reach 104.89 billion yuan.

(4) Nearly 120 billion yuan in output value! Jiangsu power battery shows the advantages of industrial clusters

Jiangsu’s power battery industry ranks first in the country, attracting a number of “TOP10” companies in global shipments, including CATL, BYD, China Innovation Airlines, and Honeycomb Lithium. The power battery industry in Jiangsu is showing a strong growth trend. While strengthening scientific and technological innovation, many companies optimize the industrial layout and seize new opportunities for development.

From January to September this year, my country’s automobile sales reached 19.47 million, a year-on-year increase of 4.4%. Among them, the sales of new energy vehicles reached 4.567 million, a year-on-year increase of 110%, and the market share reached 23.5%. As the “heart” of new energy vehicles, power batteries, which account for about 40% of the cost of the entire vehicle, are also ushering in a period of development opportunities.

There are more than 160 lithium battery and key material equipment companies in Jiangsu, and 8 of the “TOP10” companies in the domestic power battery market have R&D centers or industrial bases in Jiangsu. At the same time, Jiangsu has accumulated a number of “TOP5” enterprises in domestic market segments in key fields such as positive electrode materials, negative electrode materials, separators, electrolytes, functional auxiliary materials, manufacturing equipment, testing and certification, and the integrity of the industrial chain has reached 92%. .

The relevant person in charge of the Jiangsu Provincial Department of Industry and Information Technology introduced that although the power battery industry has faced unfavorable factors such as rising raw material prices and recruitment costs and the short-term impact brought by the epidemic this year, the two high-certainty tracks of new energy vehicles and energy storage have become Jiangsu The “ballast stone” for the rapid growth of the power battery industry.

Data show that in the first half of this year, the total output value of Jiangsu’s lithium battery industry was nearly 120 billion yuan, a year-on-year increase of 84.6%; battery production and sales were 84.80GWh and 79.72GWh, a year-on-year increase of 77.9% and 82.0%.

It is worth mentioning that 11 of the 220 major projects in Jiangsu Province in 2022 involve the upstream and downstream industrial chains of power batteries. With the implementation of these new projects, the advantages of Jiangsu’s power battery industry cluster will be further revealed.

[Information] Comprehensive from Securities Times, China Securities Journal, Economic Information News

[Organization] Qiu Yongkuan Yu Qinghui

【author】

[Source] Southern Newspaper Media Group Southern + Client