Power battery companies are shuffling, and market shares such as BYD have been squeezed by giants

According to the daily economic news report, data released by the lithium study show that the power battery industry is becoming more and more concentrated, and some manufacturers have dropped out of the top 20 rankings and the market reshuffle has intensified. Among them, in the first quarter of the Ningde era, the installed capacity of lithium batteries accounted for half of the country, far exceeding the second and third BYD and Guoxuan Gaoke. According to data on installed capacity in March, the top five companies accounted for 84.78 % of the total, with the top five companies accounting for less than 76 % last month and more than 78 % in the first three months of this year. The market concentration of the lithium battery industry is increasing.

Some manufacturers fall out of the top 20 rankings

Real lithium research data show that in March this year, a total of 57 car companies installed 2.19 GW.

Judging from the lithium power installed capacity of battery suppliers, the Ningde era ranked first with 1.1 GWh installed capacity, accounting for 50.33 %, while in March last year its installed capacity was only 258.48 MWh, an increase of more than 3 times over the same period of last year. In the second place, BYD installed 411.90 MWh, accounting for 18.83 %; Guoxuan Gaoke with 193.64 MWh ranked third, the market share accounted for 8.85 %.

In terms of the type of battery supplied by battery manufacturers, NCM ternary batteries occupy a major position, followed by lithium ferric phosphate batteries. Of the top 20 battery suppliers of lithium batteries for 3 months, 17 supply NCM ternary batteries, 8 supply lithium ferric phosphate batteries, 1 Supply lithium manganese acid batteries, No supplier provided lithium titanate batteries. Last year, the main supplier of lithium titanate was Dongmingzhu's investment in Zhuhai Yinlong.

The supply of lithium iron phosphate batteries is mainly concentrated in the Ningde era and Guoxuan Gaoke. The two companies together account for nearly 90 % of the total installed capacity of lithium iron phosphate batteries. The total installed capacity of NCM ternary batteries is mainly provided by Ningde era and BYD. The two companies account for more than 70 % of the total. The installed capacity of lithium manganese acid batteries is small, and the main supplier is micro-macro power. In March, the installed capacity of 8.68 MWh accounted for 80 % of the total installed capacity of lithium manganese acid batteries.

Zhanghui, the analyst of real lithium research, believes that after the Spring Festival in March, all companies have resumed normal production, and the installed capacity has increased significantly from February. In addition, the state subsidy policy has also come to the ground, and companies have taken heart. Lithium power installed capacity has grown positively.

It is worth noting that the power battery industry is becoming more and more concentrated. In the first quarter, the installed capacity of new energy vehicles was 4.54 GWh, an increase of 182.67 % year-on-year, and the top three companies have already accounted for more than 70 % of the market share. In the same period last year, the top three companies accounted for just over half.

Since last year, the competition among power battery companies has intensified, and the ranking of the top 20 companies in the installed capacity has also changed greatly. Even some companies have fallen out of the rankings. Last year, Wotema(300116, SZ) holding company has ranked third in installed capacity., And this year in March it has disappeared in the top 20 companies.

"Squeeze at both ends" becomes a one-man family.

Moke, chief analyst of real lithium research, believes that this year's market is characterized by a single largest and reshuffle. He said that last year was marked by "two-handed squeeze"-the rapid increase in market share in the Ningde era and the overall increase in market share beyond the top 20. The total market share of the top 20 battery manufacturers totaled 86.02 %.

However, in the first quarter of this year, the top five power battery companies market share has exceeded 80 %, the top 20 companies market share of more than 97 %. Last year, battery makers outside the top 20 had a combined market share of 13.98 %, with less than 3 % in the first quarter.

Most notably, the growing market share of the Ningde era caused pressure on other companies. Take BYD as an example. Although its battery business was earlier than the Ningde era, its closed-loop supply model allowed the latter to quickly occupy the market. In 2017, it was overtaken by the Ningde era.

In the Ningde era, the price of power batteries was reduced last year to seize the market, which caused the average price of power battery systems to drop by 30 % year-on-year, which was the highest drop in the past three years. In the Ningde era, the average price of sales fell. Mainly by the recent year's power cell capacity increase and new energy vehicle subsidy policy adjustment.

In order to cope with this fierce market competition, BYD's closed-loop power battery supply chain system has gradually opened up. BYD gave the first time that the power battery was independently listed. On the 31st of March, Shanxi, deputy general manager of BYD Lithium Power Division, said at the 2018 Pearl River Delta Future Automobile Supply Chain Innovation Forum. BYD is doing power cell business spin-off work, is expected to split at the end of 2018 or early 2019 complete. 2022 ~ 2023, BYD's power battery company will be listed independently.

Moreover, BYD's power battery export business has begun to launch. The announcement of the Ministry of Industry and Information Technology on April 13 was announced. Dongfeng Automobile's pure electric van and a pure electric cargo car chassis are respectively equipped with BYD's lithium iron phosphate battery. Dongfeng Automobile's 15 pure electric van and 19 pure electric cargo vehicles. In the chassis, there is a battery provided by BYD.

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