Watmar capital chain rupture crisis fire sale battery can save their lives.

Capital chain rupture collapses Walter's the final straw

From the start of the year, Walter the crisis in the industry of the capital chain rupture of the porch slopes.

At the end of march this year, the new district in Shenzhen ping mountain gate's Walter headquarters, has suppliers pull banners to Walter recover money, said its "falsely making out commercial acceptance bills cheat supplier, due cannot be accepted".

That time, walt, vice President, nut revell can meng said the company general manager secretary clock face is only short-term cash flow tension."Already through negotiations with suppliers to bonded goods, expandingEnergy storage batteryProduction, the negotiations with financial institutions, introducing strategic investors bracing, alleviate the existing problems."He said.

In fact, under the breakneck expansion, capital chain rupture become overwhelmed Walter's the final straw.

April 1 this year, the firm can revell announcement, according to the company as a whole $22.1 billion in debt, debt overdue for 19.9.8 billion yuan, the company controlling shareholder and the pledge of real control of the company at risk positions, a company director, Walter chairman about stake has been the judiciary freeze.

As of May 11, revell can overdue debts up to 35.3.2 billion yuan, of which the notes payable 23.2.5 billion yuan, the bank loan 7.900 million yuan.Currently, nut revell can subsidiary of 25 new bank accounts have been court freezes, frozen amount to 61.770000 yuan.

In debt, the bottom of funds under pressure, Walter tamar even to the point of even the employee wages hair not to come out.

On June 28, Walter notice to all staff, said the company had a tense situation in financial difficulties, to solve the problem because of lack of order, financial difficulties to impact the professional development of the workers and staff, decided since July 1, all staff have a holiday for 6 months, during the holiday pay in accordance with the provisions, pay, five social insurance and one housing fund to buy according to the rules.

Sale battery could save your life?

In this context, Walter's production is fundamental to a standstill, only to maintain the low capacity utilization.

OFweek lithium power grid within the industry know that Walter batteries is the latest situation of the production capacity, shenzhen batteries battery production line starts at 4%, other parts of the batteries production line shutdown;PACK PACK production capacity: shenzhen production line starts at 24%, ShuCheng PACK production line starts at 9%, other areas PACK production line shutdown.

At the same time, in order to raise cash as soon as possible, Walter began to fire sale battery.Walter's sales staff in multiple WeChat group released the news of the sale power battery, for emptying the inventory as soon as possible, drained, once used in the batteries of electric cars began to spread to markets such as energy storage, low-speed electric cars, electric tricycles.

Analysis of the personage inside course of study thinks, Walter fire sale batteries is also helpless, 32650 monomer batteries are good processing, can be directly group, and the battery pack as it is difficult to handle to open it again after to regroup, for cell impairment are more serious.

As countries of high energy density battery policy tilt,The ternary batteryIs rapidly rising, the proportion of low temperature resistant, energy density of lithium iron phosphate material is smaller than the falling of the market.Therefore, the majorlithium iron phosphate batteriesThe volt of gradually in the market.

Walter main using lithium iron phosphate batteries, low energy density, subsidies TuiPo after its power battery is difficult to meet the requirements of subsidies, rely on previous reverse custom way to obtain state subsidies have been impossible.

Cui Dong tree, secretary general of the national passenger car association, said the ministry released the catalog of new energy automobile application recommended models (2018), the passenger car carrying cell density is higher than 120 wh/kg accounted for 97%, higher than the 140-150 wh/kg of ternary battery is up to 70%.According to statistics, the domestic lithium iron phosphate batteries in 2017 2016 fewer than half the number of production enterprises.

In this context, technology promotion, rely on capacity expansion model is no longer suitable for the status quo of the development of new energy automobile market, speed up the three yuan and related strategies may be present in the field of energy storage Walter the only path to crack.

OFweek industry institute analyst zhang thinks, Walter the fermentation of the event will be the new energy automotive industry, power battery industry, upstream supply chain, and other fields have important influence, this will also become China's new energy automotive industry into savage growth era with the past is a watershed.

For the benign development of the power industry, OFweek industry research institute for Walter m event has the following analysis, the influence of for your reference

New energy automotive industry: Walter m battery original form a complete set of models for passenger cars and car logistics, and most of reverse custom (car and battery according to the proportion of 1:1 to 1:2), their digestion, battery demand driven by the automobile operating company demand.After Walter Manasseh fell, parts depot as Wuzhou dragon, Dongfeng, the Universiade, Zhongtong and Jinlong manufacturer orders will be affected by directly, indirectly, the upstream machine electric control orders will also be affected by a certain.Car companies at the same time in the announcement, directories, and strong inspection cost is higher, when the bike cost up to hundreds of millions of yuan, Walter after the felling, car models to the announcement, directories, and strong increase unnecessary costs.

Lithium battery industry: Walter m event is a warning for the lithium iron phosphate manufacturer, because of the subsidy policy has higher requirements on the energy density, three yuan battery will have more advantages on technical route, especially high nickel technology will become the trend of the future.Industry mainly take the route of the lithium iron phosphate battery factories, such as BYD HeGuoXuan high-tech are ternary cell layout, and some have not the route layout of ternary enterprises will face very big pressure.Since Walter adopt the strategy of reverse custom, after the felling for other battery has a little influence on enterprise's market share.

Impact: upstream sector contains hundreds of innovation alliance, Walter the fermentation will lead to some of the events of raw material vendor payment difficult to recover, leading to capital chain rupture even to keep factories and workers idle.Special no Walter after the big customers, many enterprises difficult to lithium iron phosphate battery anode materials into other battery plant material supply system.According to existing parts manufacturer in Walter she began after shutdown shutdown notification.

Place: Walter across the country has a dozen branch factory, in order to attract investment in various local governments tend to provide or build factories, Walter after the fall, in the early period of the government investment will be difficult to back, profit tax will also be badly affected.In terms of the power battery manufacturer's investment promotion and capital introduction to local governments will also take a more cautious attitude, investment in the power battery construction review will be more strict.

After-sales: Walter had after-sales team all over the country, up to more than 1000 people, Walter is often a problem of the battery, loading Walter the wuzhou dragon buses in recent Revelations of the battery of shortage and PaWo battery life, Walter after the felling, load the volt battery of passenger car batteries are much harder to maintain, or even scrapped ahead of time, partial battery scrap is not change, will lead to partial bus is facing the risk of early retirement.

Policy: affected by Walter m event, for new power battery capacity and capital requirements will be more and more high energy density, energy type lithium iron phosphate power battery production line planning will be hard to get approval.New regulations on the auto industry investment to new power battery enterprise type monomer energy density of energy to achieve 300 wh/kg, system 220 wh/kg;Power type of monomer, the quick charge ratio more than 8 c system reach more than 5 c;Single cycle life cycle capacity after 2000 times of less than 95% of the initial capacity, cycle after 1500 times of less than 95% of the initial capacity.

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