April power battery installed capacity increased by 304%

According to the latest data from the High-tech Industrial Research Institute (GGII), in April 2018, domestic new energy vehicles produced about 87,000 vehicles, a year-on-year increase of 148%; the total installed power of power batteries was about 3.76GWh, a year-on-year increase of 304%. The industry believes that the power battery industry continues to concentrate, entering a rapid reshuffle period, will set off a new round of restructuring boom.

Battery installed capacity increased

According to GGII data, from the breakdown of vehicle categories, the installed capacity of passenger car battery is about 2.28GWh, an increase of 189%; the installed capacity of passenger car battery is about 1.32GWh, a year-on-year increase of 20 times; the installed battery capacity of special-purpose car is about 0.16GWh, Increase by 99%.

From the battery type, lithium iron phosphate battery and ternary battery installed total 3.69GWh, accounting for 97.95% of the total; lithium manganese oxide battery installed is 74512KWh, accounting for 1.98%; other types accounted for 0.07%.

According to statistics from Soochow Securities, in April, among the top 5 companies in terms of installed capacity, BYD (002594) installed electricity at 1.34 Gwh, accounting for 36%; Ningde era installed 1.27GWh, accounting for 34%; Guoxuan Hi-Tech ( 002074) is 0.2GWh, accounting for 5.4%; Fueneng Technology is 0.19GWh, accounting for 5%; Yiwei Lithium Energy (300014) is 0.15GWh, accounting for 3.9%.

Industrial Securities predicts that in the next three years, the mainstream 30-home appliance core lithium battery expansion will exceed 300GWh, driving demand for equipment exceeding 82 billion yuan.

Industry concentration

The development of new energy automobile industry has entered a fast lane, and the power battery industry has ushered in a period of rapid development. According to statistics, in 2017, the production and sales of new energy vehicles exceeded the target of completion, with 794,000 and 777,000 vehicles respectively completed, an increase of 53.8% and 53.3% respectively. In 2017, the total installed capacity of power batteries in the country was about 36GWh, an increase of more than 20%. It is expected that the total installed capacity of power batteries will exceed 50GWh in 2018.

The power battery industry continues to be concentrated. According to Industrial Securities data, in the first quarter of 2018, in addition to the Ningde era, the short-term capacity utilization rate of other power battery companies continued to decline. Among the top 20 domestic shipments in the first quarter of this year, the capacity utilization rate of Ningde era exceeded 50%, ranking first; the capacity utilization rates of BYD, Guoxuan Hi-Tech, and Feneng Technology declined in different degrees, accounting for 14.76% respectively. , 9.61%, 3.67%, 3.3%. The capacity utilization rate of other companies is at a low level.

Some power battery companies plan to expand production. BYD expects production capacity to reach 26GWh in 2018. In 2020, the production of lithium batteries will increase to 50GWh in 2020, and the annual production capacity of Tianjin lishen 2020 will reach 20GWh. In addition, a number of new production lines have been gradually put into use.

According to the "Regulations for Automotive power battery Industry (Consultation Draft)", the annual production capacity of lithium-ion power battery cells should not be lower than 8GWh, the threshold for setting up production capacity is mainly to promote resource concentration and cultivate large-scale manufacturing enterprises with international competitiveness.

Liu Yanlong, secretary general of China Chemistry (601117) and the Physical Power Industry Association, believes that the power battery industry will enter a rapid reshuffle period and will set off a new round of industrial restructuring. From 2015 to 2017, the number of power battery supporting companies has dropped from 150 to 100.

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