BYD bet lithium battery

Recently, there are two major events worthy of attention in the lithium battery industry. First, at Buffett's shareholders meeting, BYD said that it is not afraid of Tesla to establish a lithium battery factory. BYD has been ahead of schedule for several years. The other thing is the noisy mobile power "wiretaps" incident on the Internet.

Focus on Buffett's shareholder meeting BYD and Tesla fight battery capacity

"BYD's annual 6.5Gwh battery plant may be completed by the end of this year or early next year. By the end of 2015, the annual battery capacity will be expanded to 10 to 15GWh." On May 4th, BYD North America General Manager Li Wei was at Buffett Shareholders' Meeting in China. The above information was disclosed at the investor's reception. At present, BYD's battery capacity is 1.6GWh/year. According to Li Wei, BYD's battery capacity will expand 10 times in the next two years.

Ke Li’s declaration of “15GWh of battery per year at the end of 2015” stems from a dialogue between her and Bill Gates. When Bill Gates told Li Wei that Tesla announced the construction of a 5GWh super battery factory, Li Wei quickly responded: BYD can achieve 6.5GWh battery capacity this year, and next year is 10 to 15GWh capacity.

How to achieve capacity expansion?

At present, the power battery capacity of BYD Huizhou factory is 1.6GWH/year. The base was completed and put into operation in 2009 with a total investment of 5 billion Yuan. In the speech, Li Wei’s “battery factory with an annual output of 6.5GWH” has been brewing for a long time in BYD. According to insiders, Chuanfu Wang has been evaluating the market trend and repeatedly taking investment opportunities.

Juelin Yin, manager of the new energy vehicle project of BYD Battery Factory, told reporters that Wang Chuanfu Wang had ordered the start of battery expansion in the middle of last year. The new factory with an annual output of 6.5GWh is located in Shenzhen and will release capacity at the end of this year. Regarding the strategic plan for achieving 15GWh annual production capacity, Yin Juelin Yin said that she has not received any news of construction.

The reporter visited the supervisor of BYD Co., Ltd., the manager of the automobile industry office, Shen Yan, and the internal staff of BYD's vice president of sales, Yunfei Li and others. They all said that they have not yet learned about the plan to expand the battery to 15GWh currently, only two factories in Huizhou and Shenzhen in production.

However, as the general manager of BYD North America, Li Wei’s “15GWh annual output at the end of 2015” was published at a very high-level investor cocktail reception. Similarly, she said that Bill Gates had reason to believe that the plan to expand BYD's battery capacity tenfold is not unfounded.

As a world-class battery manufacturer, BYD Chairman Chuanfu Wang once said that the production capacity of BYD's iron battery can be “folded five times in seven months”. At the investment conference, Li Wei once again emphasized BYD's advantages in the battery field: the entire battery production, from equipment to process, raw materials and other aspects have been fully laid out ten years ago, "now investing in factories is very easy, 6-12 the monthly production period is enough."

The production cycle can be guaranteed, but the capital investment is still not small. According to a battery industry expert, it is necessary to invest 10 billion Yuan to build a battery production line with an annual production capacity of 15GWh. Can BYD's funds support its huge battery capacity investment? Juelin Yin revealed that the group's funds are also tilting toward the battery production line, and equipment, raw materials and other inputs can be quickly put in place.

Judging from the public financial report, BYD was at the end of last year, BYD saw a project of 6.008 billion Yuan, down 23.78% year-on-year. Compared with the severe financial situation a few years ago, the pressure has been greatly slowed down. At the end of the first quarter of this year, BYD held 4.979 billion in cash and its current assets reached 28.474 billion Yuan. According to the quoted by Bloomberg in March this year, BYD plans to issue up to 20% of H shares, raising funds of up to 7.6 billion Hong Kong dollars. However, the BYD spokesperson denied the plan to issue additional funds.

BYD is listed in the Mainland and Hong Kong. Its industrial layout is in line with the direction of the Chinese government's industry. It is also a company invested by Buffett. There are many options for fundraising and space is abundant. It is not difficult to raise funds to build a 15GWh factory.

Where is the market?

Once the 15GWh capacity is realized, BYD is likely to leap to the top of the global power battery capacity. According to the Japanese IIT research forecast, in 2014, several major power battery manufacturers in the world can add up to 6GWh power battery shipments. According to the estimated minimum market price in 2015, 15GWh battery capacity will release at least 30 billion Yuan in sales after 2016, corresponding to nearly 100 billion in sales.

"In this case, we must be careful to ask: Where is the market?" An industry expert pointed out that "in accordance with the market trend of electric vehicles, it is impossible to carry such large capacity from 2015 to 2016."

The reporter estimated that if the 15GWH production line is fully operational, it will be able to equip 50,000 K9, or 250,000 E6. Whether this quantity can be achieved in 2016 is still difficult to predict. According to insiders of BYD, the release of power battery capacity is mainly targeted at new energy vehicles, energy storage power stations and electric forklifts.

At present, BYD's battery supply demand is the largest in the new energy vehicle business, accounting for more than half of the battery consumption. Since entering the automotive industry in 2003, BYD has been arranging for the commercialization of electric vehicles. At the Beijing Auto Show held recently, Chuanfu Wang released the latest "542" strategy and new energy vehicle launch plan. It can be seen that BYD has entered the period of intensive production of new energy vehicles. The trend and intention of battery expansion can also be obtained from BYD New Energy Vehicle glimpse into the development situation.

Yunfei Li, deputy general manager of BYD's sales, told reporters about BYD's latest new energy vehicle production and sales plan: electric bus k9 plans to produce 3,000 vehicles this year, 5,000 e6 electric vehicles, and 15,000 to 20,000 Qin, achieving a production value of 10 billion. The actual sales situation is also frequently reported: Dalian will purchase 1200 BYD electric buses in this and next two years, and Nanjing will order 650 electric buses to BYD. In the first quarter of this year, Qin’s sales have reached 2,384; e6 is in the rental field and there are also different levels of sales in the private sector.

According to BYD's new energy expansion plan, factories will be established in Tianjin, Dalian, Nanjing, Hangzhou and other places to promote the popularization of new energy vehicles. The construction of OEMs must have matching battery supply. According to the target of new energy vehicle production and sales this year, BYD's battery supply will reach 1.53GWh or more, which is saturated compared with the current battery capacity.

According to Yunfei Li, the current production capacity of BYD Qin is about 800 vehicles per month. This capacity cannot meet the sales demand. The undelivered Qin orders have reached more than 7,000 vehicles. This is one of the reasons why BYD has accelerated the expansion of battery capacity. It is said that the "real big sale" Tengshi electric car also uses BYD's battery. Although Tengshi did not disclose the specific sales target, the “real big sale” must be at the “10,000” level and the required battery is at least 0.4GWh.

The energy storage power station is also very capable of “eat” the battery. According to Zhihong Dong, the manager of the energy storage business of BYD Battery Factory, the annual battery shipment of the energy storage power station business is about tens of megawatt hours. The inflection point of the full-scale business is expected to increase significantly after 2018."

For electric forklifts, BYD has officially entered the field for product sales since 2013. According to a person in charge, BYD electric forklifts can be used “with the charge” and the cost of use is only one-tenth of that of fuel vehicles. The sales in the market are hot, and the products have achieved tens of millions of sales in one year. "This year we set a sales target of 5,000 vehicles, but the production capacity is also very tight." It is understood that a 2 ton electric forklift truck is loaded with about 16 kWh batteries, and 5,000 vehicles can digest at least 80MWh batteries.

According to the person in charge, the sales volume of electric forklifts in the Chinese market in 2013 was more than 30,000, accounting for 30% of the forklift market. In foreign countries, the proportion of electric forklifts has reached 70%. He said that the BYD electric forklift has a short time to market and is far from the peak of sales. However, with the characteristics of economy and environmental protection, it is expected to completely replace the fuel forklift in the future. The market prospect is quite promising.

From the current BYD power battery business, the more obvious growth points in the next two years are mainly concentrated on new energy vehicles and electric forklifts. Chuanfu Wang once predicted that “2014 will be the turning point of the development of new energy vehicles”. The pre-judgment has also been verified to a certain extent. At present, the sales of new energy vehicles are indeed significantly improved compared with previous years, and there will be a further increase in 2015. .

The current growth trend of new energy vehicle sales and the expansion of the forklift business can generally digest 6.5GWh of battery capacity. At the end of next year, BYD will achieve 15GWh of battery capacity, and it is clear that the demand for new energy vehicles, energy storage and electric forklifts will continue to double.

Mobile power installation bugs? Yu Bo issued a clarification statement

On May 3, some netizens pointed out on Weibo that after purchasing the mobile power supply, they found that there was a “piracy location monitoring device”. The netizen called for everyone to pay attention to this problem, and also pointed out the mobile power source that they purchased. Brand: Yu Bo. At this point, Yubo mobile power has been pushed to the point of the cusp.

In this regard, Yu Bo also quickly responded to the official microblogging. "Recently, some netizens bought the Yubo YB647 mobile power supply with monitoring function on Taobao. After verification, the product is not the original authentic Yubo (see the picture below). Compared with the internal structure), some sellers may sell the GPS positioning function on the regular power supply. The product is suspected of illegally stealing privacy. It is recommended that users do not buy it, and do not open the mobile power supply to view it carefully. ”

For this statement of Yubo, many people also said that many sellers have added positioning devices in the mobile power supply as a selling point. Because of its portability and long-term use characteristics of rechargeable power, mobile power has gradually become a tool for many criminals to commit crimes. I also remind everyone to pay attention to the purchase of mobile power in the formal channels, and to be vigilant for the gifted mobile power. In addition, if you are worried about the installation of eavesdropping equipment on the mobile power supply, I do not recommend the behavior of the mobile power supply disassembled by the former netizens. Because the current mobile power supply uses lithium batteries, non-professional disassembly may cause damage to the mobile power supply. It is also possible to create a security incident, which will not be worth the loss.

Conclusion:

In the electric car news, BYD and Tesla have been become a must-have item. Tesla doesn't look at BYD because the latter's shape is "not at all cool," and BYD thinks that he "made Tesla in minutes" because he has strong battery technology, and I am selfish and hopes to make it. Electric cars are overpowering. So I look forward to BYD's technology and good design.

As for the " wiretapping " incident of Yubo, this matter has nothing to do with Yubo Mobile Power. It is a lawless stalker from it, which also reminds everyone to pay attention to buying mobile power in regular channels. In addition, this year's gift is not suitable for sending mobile power.

The page contains the contents of the machine translation.