Our reporter Li Chunlian
Trainee reporter Li Yucheng
In the context of the gradual saturation of the consumer lithium battery market, lithium battery companies such as Sunwoda and Desai Battery have turned their attention to the energy storage track, trying to create a second growth curve.
On the evening of January 20, Desay Battery and Sunwoda announced their new actions in the field of energy storage one after another: Desay Battery plans to invest 7.5 billion yuan in the construction of energy storage battery projects; Sunwoda announced the signing of the "Energy Green Wisdom" agreement with Zhongneng Luhui. Cooperation Framework Agreement, intending to carry out in-depth cooperation in energy storage, photovoltaic power generation and other fields.
Optimistic about energy storage prospects
Lithium battery companies accelerate their layout
According to the announcement of Sunwoda, the company's wholly-owned subsidiary Sunwoda Integrated Energy and Zhongneng Electric's wholly-owned subsidiary Zhongneng Luhui signed the "Cooperation Framework Agreement". In-depth cooperation.
Specifically, in terms of energy storage business cooperation, the two parties agreed that Zhongneng Luhui will give priority to the purchase of Sunwangda integrated energy products when purchasing the required energy storage products and centralized control platforms.
According to the data, Sunwoda Integrated Energy mainly focuses on lithium battery energy storage integration and application technology, focusing on the fields of electricity, network energy, home energy storage and portable energy storage.
The cooperation with Zhongneng Luhui will be beneficial to the sales of the company's energy storage products and centralized control platforms, and will help improve the company's overall interest level.
On December 14, 2021, Sunwoda announced that the company plans to invest 20 billion yuan through its subsidiary Sunwoda Auto Battery to build a 30GWh power and energy storage battery project in Zaozhuang. 20 billion yuan.
Desay Battery announced that it has signed the "Desay Battery Energy Storage Cell Project Admission Agreement" with the Management Committee of Changsha Wangcheng Economic and Technological Development Zone, and plans to set up a holding subsidiary in Changsha Wangcheng Economic and Technological Development Zone and build a "Desay Battery Energy Storage Cell Project". "Battery energy storage battery project", the project plans to invest 7.5 billion yuan in fixed assets, with a designed production capacity of 20GWh. After full production, it is expected to achieve an annual output value of 12 billion yuan.
It is reported that before this, the energy storage business of Desay Battery was mainly packaging business, and did not involve the field of batteries.
Coincidentally, the above two companies are optimistic about the broad prospects of energy storage.
Sunwangda had previously stated on the interactive platform when answering questions from investors that the photovoltaic distribution and energy storage business has always been a business sector that the company has always attached great importance to. The market continues to improve, and the business of this sector will have huge development space in the future; Desay Battery has publicly stated that the proportion of new energy power generation such as photovoltaics and wind power will increase rapidly, and energy storage as its important supporting facilities will also usher in rapid growth. The energy storage battery market is a business area that the company will focus on developing in the future.
"The energy storage market is in its infancy, and there are huge development opportunities." Qi Haishen, president of Beijing Teyi Sunshine New Energy Technology Co., Ltd., said in an interview with a reporter from Securities Daily that the huge demand for high-energy-density batteries from new energy vehicles It has driven the technological progress of electrochemical energy storage batteries, the industrialization of lithium battery energy storage technology is accelerating, and the new business model of energy storage power stations is also rapidly expanding and being practiced.
The "new energy vehicle + energy storage" driven by lithium batteries is likely to become a pillar industry for the development of my country's new economy.
Jiang Han, a senior researcher at Pangu Think Tank, said in an interview with a reporter from Securities Daily that it is almost an inevitable trend for lithium battery companies to develop energy storage business. For lithium battery companies, developing energy storage business is conducive to building an industrial chain cycle.
Create a second growth point
Actively "supported" by the fund
Lithium-ion batteries occupy a mainstream position in the energy storage market, which brings certain advantages for lithium battery companies such as Desay Battery and Xinwangda to enter the energy storage track.
According to the statistics of the Energy Storage Application Branch of China Chemical and Physical Power Industry Association, in the current domestic electrochemical energy storage market, lithium iron phosphate batteries account for nearly 90%, which is the mainstream technology route and one of the fastest commercialization technologies.
Liu Jimao, founder of Hongda Photovoltaic, told the Securities Daily reporter that the electrochemical energy storage market is dominated by lithium-ion battery energy storage.
Electrochemical energy storage is a new driving force for the growth of the energy storage market. With the continuous improvement of electrochemical energy storage technology, the manufacturing cost and maintenance cost of electrochemical energy storage systems will continue to decrease, and the capacity and life of energy storage equipment will continue to increase. Electrochemical energy storage will be applied on a large scale and become a new development trend of China's energy storage industry.
It is worth mentioning that companies such as Sunwoda and Desay Battery also have practical needs at the performance level for overweight energy storage tracks.
The performance forecast released by Xinwangda recently shows that the company's net profit after deducting non-recurring gains and losses in 2021 will be 398 million to 558 million yuan, based on the company's first three quarters of 2021. After deducting non-recurring gains and losses, the company has achieved net profit after deducting non-recurring gains and losses. The profit is 451 million yuan, so the company may lose money in the fourth quarter of 2021; Desai Battery expects to achieve a net profit of 750 million to 800 million yuan in 2021, an increase of 11.99% to 19.46% year-on-year, but the main reason for the increase is its completion. Acquisition of minority interests in two subsidiaries.
At present, energy storage has entered a new stage of "large-scale development" from the "early stage of commercialization", and has the opportunity to become the second growth point of enterprises.
It is understood that in 2020, the year-on-year growth rate of installed capacity of power energy storage projects will be 136%, and the cost of electrochemical energy storage systems will also break through the critical inflection point of 1,500 yuan/kWh, and energy storage lithium batteries have entered a period of rapid development.
In fact, not only Xinwangda and Desai batteries, but also FAW Fudi New Energy Technology Co., Ltd., a joint venture recently established by BYD and FAW Group, also covers energy storage batteries.
The diversified development prospects of lithium battery companies have also attracted the attention of some star fund managers.
Cinda Aoyin New Energy Industry, managed by Feng Mingyuan, recently announced the report for the fourth quarter of 2021. Xinwangda appeared in the top ten stocks with heavy holdings. The number of positions held was 6.0589 million shares, and the market value was about 255 million yuan, accounting for the fund 1.46% of the net value; among the top ten new heavyweight stocks in the future of China-Europe Innovation under the management of Zhou Yingbo at the end of the fourth quarter of 2021, Desai Battery appeared, with 6.5198 million shares and a market value of about 380 million yuan, accounting for the fund's net value of 3.38%.
Zhou Yingbo said that he is optimistic about the accelerated growth after the penetration rate of new energy vehicles exceeds 10%, and he is also optimistic about the comprehensive replacement of photovoltaics on the power generation side and the huge potential of new energy storage in transforming the power system.
(Securities Daily)