8 lead acid giants transform lithium electricity gap widened

China Energy Storage Network News: With the continuous growth trend of the new energy vehicle market, major lead-acid giants have increased their efforts to transform lithium power in 2017. However, the market performance has been very different, and the echelon competition has become increasingly obvious.

Including Chaowei Power, Tianneng Power, Lions Technology, Camel Shares, Nandu Power, Shuangdeng Group, Xiongtao Shares, Shengyang Shares and other domestic lead-acid battery leading companies, in 2017 are actively exploring the power battery market, improve battery product quality and Industrial layout. However, with the transformation of enterprises 'strength stratification and development strategy, the results of the above enterprises' transformation of lithium power are different.

Judging from the process of transforming lithium power, four lead-acid giants such as Tianneng Power, Chaowei Power, Lions Technology, and Camel Shares have taken the lead in transforming lithium power. Some achievements have been made in capacity expansion, energy density of battery systems, supporting new energy models, power battery shipments, and industrial chain layout.

Among them, Tianneng Energy and Chaowei Power Battery Co., Ltd.'s power cell subsidiaries, Tianneng Energy and Chaowei Chuangyuan, ranked 7th and 20th respectively in the total installed power of new energy passenger car power batteries in 2017, showing strong market competitiveness.

From the perspective of development strategy, a number of companies, including Lions Technology, Camel Shares, Nandu Power, Shengyang Shares, and Xiongyu Shares, are all deploying lithium electric industrial chains through capital and mergers and acquisitions to further enhance the company's competitiveness in the lithium battery market.

Among them, Shengyang shares had previously planned to invest 850 million yuan in the actual Huai'an and Shilian Yancheng through the merger and acquisition investment fund to obtain 57.24 % of the shares of the two companies, but finally announced the termination of the investment in August 2017. In the light of the fact that the power cell business has not been able to make a major breakthrough, Xiongtao SHARES began to develop a new large-scale layout of the fuel cell industry, set up a fuel cell subsidiary, and set up a fuel cell industrial park in various parts of the country, with the intention of winning in the fuel cell field.

From the perspective of market development, companies such as Tianneng Power, Chaowei Power, Lions Technology, and Camel Shares mainly focus the market on micro-electric vehicles and new energy logistics vehicles; Nandu Power, Xiongtao shares, Shuangdeng Group, Shengyang shares and other companies account for a relatively large number of lithium battery businesses in communications storage energy.

It is worth mentioning that the power battery business of Shuangdeng Group is mainly concentrated in the field of new energy passenger cars, and there is no direct competition with companies such as Chaowei and Tianneng in the power battery field.

On the whole, under the continuous growth trend of the new energy vehicle market, the investment in the power battery industry is still hot. However, under multiple pressures such as subsidies, rising prices of upstream raw materials, and pressure on downstream vehicle factories, the future market for power batteries is increasingly fierce. However, as a power battery enterprise transformed from lead acid, if it can not form its own competitive advantage in terms of product quality, scale of production capacity, technology research and development, and cost and price, it faces the risk of being eliminated by the market. This will be a great blow to the transformation of lead-acid battery companies.

Although the 2017 annual report of the company has not yet been officially disclosed, it can be seen in the 2017 series of layouts to see the development of the above-mentioned lead-acid battery companies in the transition of lithium power. In this regard, Gaogong Li-electricity has combed the main layout of the eight lead-acid battery giants in the area of lithium electricity in 2017, and see the following:

Tian Neng Power: 2017 New Energy Passenger Vehicle Power Battery Power Installation Ranked 7th

At present, Tianneng Power's subsidiary Tianneng Energy currently hits 2200, 2600mAh 18650 ternary battery monomers with a specific energy of 200Wh / kg, and the system energy density can reach 120 Wh / kg or more. After upgrading the material system and optimizing the PACK structure in 2018, the system energy density will reach 140 WH / kg or more.

In 2017, 12 batches of “Recommended Models for Promotion and Application of New Energy Vehicles” were released. Chaowei Chuangyuan has successfully completed Geely Automobile, Jiangling Holdings, Zhejiang Haoqing, Chongqing Changan, Chongqing Lifan, Nanjing Jinlong, Sichuan Mustang, Yunnan Aerospace Shenzhou, Guizhou Aerospace and other vehicle companies have 17 new energy models.

According to the "New Energy Automobile Industry Chain Databas     e" released by the Institute of Lithium Power Production and Research(GGII), Tianneng Energy supplies power batteries to the best-selling model Qirui Q1 of the year, and lithium battery revenue in the first half of the year was 455 million yuan, an increase of 57.5 % year-on-year. It ranked 7th in the installed power battery of the new energy passenger car in 2017, and the installed power reached 0.373 Gwh, ranking first among the same type of companies.

Super Power: Power Battery Business Frustrated Lithium Battery Revenue in the first half of the year was only 94.582 million yuan

Superpower's subsidiary, Superpower, produced a three-unit soft-pack battery with a specific energy of 200-210 Wh / kg, and it is expected that the 2018 energy density will be further improved.

In 2017, it released 12 batches of "New Energy Vehicle Promotion and Application Recommended Vehicle Catalogue". Chaowei Chuangyuan has successfully completed 17 new energy models for vehicles such as Geely Automobile, Jiangling Holdings, Zhejiang Pride, Chongqing Chang 'an, Chongqing Lifan, Nanjing Jinlong, Sichuan Mustang, Yunnan Aerospace Shenzhou, and Guizhou Aerospace.

It is worth noting that due to multiple factors such as fraud investigation, adjustment of new energy vehicle subsidy policies, recommended re-examination of catalogues, and price increases in upstream raw materials, Chaowei Chuangyuan's power battery business suffered a heavy setback in the first half of 2017, and the power lithium-ion battery business achieved only 94.582 million yuan in the first half of the year. This is a big change from the same period last year.

However, after a setback in the first half of the year, Chaowei Chuangyuan's power battery business showed a significant improvement in the second half of the year. According to the statistics of the "New Energy Automobile Industry Chain Database" released by GGII, Chaowei Chuangyuan ranked 20th in the installed power of the new energy passenger car power battery in 2017, and the installed power was 0.079 GWh.

Lion Technology: Full Industry Chain Distribution Momentum

At present, Lion technology has expanded from a single lead battery business to high-end battery manufacturing, new energy vehicles and clean power. In the past two years, accelerated progress has been made in the field of lithium power through self-built production lines, mergers and acquisitions, and equity participation. The industrial chain of "raw materials-electric cores-PACK-BMS-electric vehicles-time-sharing leasing-battery recovery" has been initially formed.

In terms of production capacity layout, the Fujian Lions New Energy Project, a wholly-owned subsidiary of Lions Technology, and the Hubei Lions New Energy High-end Lithium Power Industrial Park, which has an annual output of 6GWh, have started construction within this year. Products include the triple system of 1865/21700 and square aluminum shell cores, modules and PACK.

In terms of new energy vehicles, the lion technology subsidiary, together with the model produced by Dongfeng Yulong Automobile Co., Ltd., “Yulu” successfully entered the recommended catalogue. In operation, the company's two subsidiaries, Zhengzhou Dakar and Xiamen Chaoren, are on a par with each other, with a total of more than 6,700 vehicles.

In the power battery order, Lions Technology was signed Nanjing Jinlong 2000 sets of three-way power battery orders for supporting the pure electric van under Nanjing Jinlong.

In terms of raw material layout, lion technology and Canada's Metalstech, which is engaged in lithium exploration, signed a binding agreement to subscribe for 10 million shares of the latter. At the same time, the company invested 200 million yuan to build an annual production capacity of 10,000 tons of NCA precursor production line project in Yicheng.

In 2017, 12 batches of "New Energy Vehicle Promotion and Application Recommended Vehicle Catalogue" were released. Lions Technology has successfully supported a number of vehicle companies such as Shanxi Wilderness, Dongfeng Automobile, Nanjing Jinlong, Beijing Automobile, Weichai Power, and SAIC General Motors. New energy models.

Camel shares: $100 million to buy AESC battery technology

The company's currently mass-produced 135Ah square aluminum shell lithium iron phosphate battery has a specific energy of 149 WH / kg and a system energy density of 120 WH / kg or more. It is expected to increase to 140 WH / kg in 2018.

In 2017, it released 12 batches of "New Energy Vehicle Promotion and Application Recommended Vehicle Catalogue". Camel New Energy has succeeded in supporting 21 new energy models for Southeast Automobile, Shandong Kaima, Tangjunouling, Hubei Xinchufeng, Yangzijiang Automobile, Zhangzhou Automobile Repairing Factory, and Xiangyang Kyushu.

It is worth noting that in 2017, Camel Group also participated in the acquisition of AESC by Chinese companies and cooperation in local production in China. The company issued an announcement in 2017 and signed the "Cooperation Framework Agreement" with Jinshajiang Capital and Hubei Jinshajiang Industrial Investment Fund Partnership, which stipulated that the company or the designated party of the company should not invest more than US$ 100 million to subscribe for the limited partnership share of the Nissan Battery Merger Fund. After successful investment, AESC will assist camel shares in training R&D and production teams and improve the company's existing new energy battery production line.

Nandu Power Supply: Lithium Battery Energy Storage Business Become Performance Growth Highlights

Affected by the review of the recommended catalog of new energy vehicles and the retreat of subsidies, Nandu Power New Energy Vehicle Power Battery Co., Ltd. only achieved revenue of 12.712 million yuan in the first half of 2017, a relatively large decline from last year. In the 12 batches of "New Energy Vehicle Promotion and Application Recommended Vehicle Catalogue" released in 2017, Nandu Power has supported several new energy models for vehicle companies such as Hebei Chang 'an, Chongqing Chang' an, Dongfeng Automobile, and Beiqi Futian.

It is worth noting that although the power cell business of Nandu Power Co., Ltd. has not developed as expected, its new energy storage business has flourished and ushered in significant growth. In the first half of the year, the sales revenue of lithium communications batteries was 213 million yuan, a year-on-year increase of 300.28 %.

On April 18, Nandu Power announced that the company and the German Upside Consulting GmbH and Upside InveGmbH & amp; Co.. KG and KG signed a framework contract for cooperation in energy storage projects. In the next two years, the three parties will jointly build FM energy storage stations with a total capacity of more than 50 MW, with a total investment of approximately 42 million euros.

In September, Nandu Power announced that the company had signed a storage power station project with a total capacity of 200 MWh in Changfeng Paper Industry and Taizhou Cultural Industry Park, and the cumulative contracted storage capacity has reached 1900 MWh.

In November, Nandu Power announced that the company had won the bid for the centralized procurement of lithium iron phosphate batteries for base stations other than the tower from 2017 to 2018. The winning bid share was 19.57 %, and the winning bid amount was estimated to be 200 million yuan.

On January 15, Nandu Power released a performance forecast that the company expects net profit of 362 million to 461 million yuan belonging to shareholders of listed companies from January to December 2017, an increase of 10 % to 40 % year-on-year.

Xiong Tao shares: Another way to invest in the over 10 billion layout fuel cell industry

Xiongtao's existing lithium battery production capacity is 1GWh, and the energy density of the ternary battery is as high as 210Wh/Kg. The company's lithium battery products are mainly exported and are mainly used in the field of communications and energy storage. The domestic new energy automotive power battery business accounts for a very small proportion. In the first half of the year, the lithium-ion battery business achieved revenue of 109 million yuan, a year-on-year increase of 102.65 %.

In November 2017, Xiongtao won the bid for China Mobile's centralized procurement of lithium iron phosphate battery products for base stations other than the tower from 2017 to 2018, with a winning share of 10.87 %.

It is worth noting that while the layout of the lithium battery field, Xiongtao shares are still high-profile into the fuel cell field.

From September to December, Xiongtao has invested more than 10 billion yuan in the establishment of a number of wholly-owned subsidiaries for the development and production of hydrogen fuel cells, as well as the construction of the first hydrogen fuel cell industrial park in Wuhan, and will cooperate with Nanjing Jinlong and Dongfeng Special Automobile. Develop and produce hydrogen fuel cell buses.

Shengyang shares: failure to acquire lithium electric standard lithium power business slow progress

In October 2016, Shengyang Shares announced that it plans to invest in the company's Yilian Yian Technology Co., Ltd. and Yancheng Changyi (Yancheng) Technology Co., Ltd. through its industrial mergers and acquisitions investment fund as the main body. The total amount of investment was 850 million yuan. After the equity transfer and capital increase were completed, the industry fund finally obtained 57.24 % of the shares of the real company Huai'an and the real company Yancheng.

In August 2017, Sunyang shares issued an announcement saying that due to major changes in the national policies of the target company's industry, the two target companies did not meet the preconditions for the investment agreed upon in the "Equity Investment Framework Agreement" signed by the two parties. The company decided to terminate the investment.

Shuangdeng Group: Thick and thin hair steadily advancing lithium battery power and energy storage business

In September 2016, the “New High-energy Lithium-Ion Battery Intelligent Manufacturing Project” of the three-stage technical reform of Fulunte Lithium Battery, a wholly-owned subsidiary of Shuangdeng Group, was officially completed and put into operation. The energy density of lithium iron phosphate battery has reached 165Wh/kg. The project has an annual production capacity of 1Gwh, which will meet the needs of pure electric vehicles, high-end communications and energy storage markets.

In the power battery business, Fulangte's new energy bus models for Yaxing Bus and Wuzhoulong have successfully entered the 2017 Recommended Catalogue.

In terms of energy storage business, in November 2017, Shuangdeng Group won the bid for centralized procurement of lithium iron phosphate battery products for base stations other than the Tower from 2017 to 2018, with a winning bid share of 17.39 %.

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