A brief introduction of the current debate on China's power battery landscape

Top five China power battery enterprises will occupy the market share of 70-80%. Two to three years later, the dominance of Ningde era will certainly change.

Ningde era rapidly accesses to capital markets, no doubt, to have the potential to power battery manufacturing enterprises bring great confidence. On April 4, Ningde era prospectus 24 days after the update, after the IPO will be on trial, Ningde era will be smooth.

The IPO, Ningde to gem public offering of A shares is not more than 2 times. After issued 1.7 billion shares, account for not less than 10%, the proportion of the total number of shares to raise funds in 131.200 million yuan. And sponsor Shang ZhongXin Ningde era, was on April 3, send you.

"Capital profit-driven is very strong, in the past few years, from the era of Ningde from point of view, growth, profitability is very good. At the same time, the power battery is the key of the electric car, it is also one of the main reasons for the capital value." A power battery industry investors said in an interview with a think-tank jun.

In some degree, the "dominance" era of Ningde, accelerated after the government TuiPo and tighter regulation of industry reshuffle, power battery pattern also will be more clear, some lack of core technology, management ability is low, no capital boost enterprise, will face elimination, and by the end of the mergers and acquisitions.

Power battery "dominance"

Founded in 2011, Ningde era is the present domestic sales top supplier of power battery system, and focus on new energy vehicle power battery system, energy storage system research and development, production and sales. Power battery system sales Ningde era is the main source of income. Due to the leading position in their industry, and valuation of more than one hundred billion yuan, Ningde era by outsiders dubbed "super unicorn".

In 2017, Ningde sold more than 11 times power battery system.84 GWH, in domestic accounted for nearly 30%, global power battery sales ranked first.

According to its prospectus, 2015-2017, Ningde era belong to the parent company shareholders net income of 9 respectively.3.1 billion, 30.2.2 billion, 39.7.2 billion, 2016 and 2017, compared with the previous year's growth of 224 respectively.60% and 31.44%.Sales revenue of 49 respectively the power battery system.800 million yuan, 139.800 million yuan and 166.600 million yuan, accounting for the proportion of main business income of 87 respectively.98%, 95.55% and 87.01%.

From 2015 to 2017, with the whole industry chain to cooperate, Ningde costs further control of The Times. Over the past three years, power battery system sales for 2.28 yuan/Wh, 2.6 yuan/Wh and 1.In the age of 41 yuan/Wh, Ningde power battery system unit cost 1 respectively.33 yuan/Wh, 1.13 yuan/Wh and 0.91 yuan/Wh.

In terms of partners, Ningde times have with Saic group, Beijing automotive group, Geely group, the steam group, the car group, Dongfeng and Changan group, Yutong group and other domestic automakers, as well as international brands such as BMW, Volkswagen has cooperation, at the same time, cooperate with wei to start-up companies such as car, smart car field layout.

, according to people familiar with the previous bid with the era of Ningde public MEB power battery electric vehicle project companies including LG, Panasonic, Samsung, etc., the final order obtained by Ningde era. And Ningde era will also take this as the Volkswagen group in China the only priority purchasing, and applied to the MEB platform of power battery enterprises.

Build a "Ningde era"

According to statistics, in 2018 the national new energy vehicle sales of about 1 million vehicles, the corresponding power battery needs about 45 GWH; In 2020 the national new energy vehicles sold more than 2 million vehicles, the corresponding power battery needs about 110 GWH. Ningde to tap global power battery market now will lead to incremental space, industry chain enterprises to face market space almost doubled.

At the same time, China power battery reshuffle since 2017, nearly 200 companies into the announcement in 2016, less than 100, 2017, some experts believe that 2018 years into the announcement of the enterprise will be reduced to half 2017.May by 2020, China's power battery into the miit announcement should only 20 or 30.

So, who will be the next era of Ningde?"China power battery before five will occupy the market share of 70-80%.Two to three years later, the dominance of Ningde era will certainly change. Even some unknown other companies with intelligent manufacturing capabilities of enterprises, the pattern of formation and CATL and can run." National science and technology achievement transformation fund new energy vehicles venture investment fund partner and President Jianhua Fang said.

But at present, the global power battery sales rankings, occupy a certain market share of power battery producers mainly include age of Ningde, Panasonic, BYD, Walter, LG chemical, Hin tech center, Samsung SDI and Bick.

"Byd has a huge battery research and development team, battery research and development and quality control are good, battery safety consistency is good. But due to the battery is only available for BYD, so on the expansion of the scale, lost to the rapid rise of Ningde era, I think the battery business should be spun off as soon as possible, to the outside world." On April 8th, the original, the battery industry experts, director of the China automotive technology research center Wang Binggang said in an interview with a think-tank jun.

To this, byd relevant personage tells a reporter, "the battery business will not split out now, but will be more car companies and cooperation in the future sales, but export to reach more than 70%, to break out the battery business, listed separately."

While Jianhua Fang tells a reporter, some of the high starting point enterprise, focuses on the intelligent manufacturing, according to the design of digital factory, the enterprise has a very big opportunity.

"CATL included, are still not fully intelligent manufacturing, also did not realize full automation, power battery factory in the future must be fully automated digital intelligent manufacturing factory, it can really close the gap between China and South Korea, on the technical route, everybody is fit, the key is the level of automation and intelligent manufacturing management level gap to gradually narrow."Jianhua Fang emphasis.

In fact, compared with Japan and South Korea enterprise, our country have a policy and market advantage, management and manufacturing level of power battery enterprises in our country is narrowing the gap between China and South Korea. The progress of the power battery comes from the application, technical route, the choice of Ningde times compared to Panasonic, also have an advantage.

For example, tesla in the production of electric car still does not appear on the market scale of the square and soft package of batteries. In those days only18650 battery, natural Panasonic become tesla car battery supplier, but not 18650 batteries for power battery. According to the relevant institutions to square batteries and battery, 18650Soft package battery results of the tests, the battery square scale is suitable.

Ningde era mainly adopts the square cell is the most appropriate, but this does not explain the Ningde era can rest easy. Future technology will develop to soft package of batteries, are more worth looking forward to.

"No matter who will be the next era of Ningde, all need in technology, quality, price, supply ability, this is the core element of competition." Wang Binggang said at last.

The page contains the contents of the machine translation.