Two rumors stir the market! Power battery accelerates in-winding

　　Original title: 200 billion lithium battery leader joins hands with BMW?

Xiaomi Auto finalized "Ning Wang + Bi Wang"?

Two rumors stir the market!

Power battery accelerates in-winding

　　Power battery manufacturers act frequently!

　　On August 17, it was reported that Yiwei Lithium Energy will provide large cylindrical batteries for BMW's electric vehicles in Europe.

In this regard, a relevant person from the investment relations department of Yiwei Lithium Energy said that the company had obtained BMW's designation before, and the company's production line is currently under construction.

　　On the same day, market sources said that the power battery, one of the core components of Xiaomi, has finalized two main suppliers, namely Ningde Times and BYD's Fudi Battery. The top two battery installed capacity.

　　At present, a trend that can be observed is that as global car companies accelerate their transformation to electrification, competition among manufacturers in the power battery field has become increasingly fierce.

As the market maintains high growth, the market pattern of "one dominance" in the Ningde era seems to be changing. BYD is becoming a strong opponent in the Ningde era, and second-tier power battery manufacturers such as China Innovation Aviation, Guoxuan Hi-Tech, and Xinwangda are also in active layout.

　　Yiwei Lithium Energy

　　On August 17, Reuters quoted two people familiar with the matter as saying that Yiwei Lithium Energy will provide large cylindrical batteries for BMW’s electric vehicles in Europe.

One of the people with direct knowledge of the deal said Yiwei Lithium had signed a contract to be the main supplier in Europe for BMW's new range of electric vehicle batteries, which will go on sale in 2025.

　　In this regard, according to the 21st Century Business Herald, a relevant person from the investment relations department of Yiwei Lithium Energy said that the company had obtained BMW's designation before, and the company's production line is currently under construction.

Regarding the news that Yiwei Lithium can provide large cylindrical batteries for BMW's electric vehicles in Europe, the person said that the specific situation is not yet known.

　　As early as October 2020, Yiwei Lithium Energy announced that it participated in the German BMW Group battery system project and received a supplier designation letter from the German BMW Group. The designated project name is "BK 48V".

　　Some market analysts believe that BMW, which currently uses prismatic batteries, chooses cylindrical batteries to highlight the growth momentum of larger-sized cylindrical batteries.

Cylindrical cells have improved energy density compared to current prismatic cells, and the larger cell size also makes the cells more cost-effective.

In addition to Yiwei Lithium, the world's largest battery manufacturer CATL will also start supplying cylindrical batteries to BMW in 2025.

　　On August 17, Yiwei Lithium Energy rose 6.19% to close at 110.8 yuan per share. The stock price has risen 96% from the low of the year at the end of April, and the latest total market value is 210.4 billion yuan.

　　According to the latest research report of Northeast Securities, Yiwei Lithium Energy was established in 2001. In 2014, the company began to deploy the power storage battery business. At present, the revenue of this business has reached 59%.

Power energy storage batteries are the key direction of the company's future development. The company is one of the few battery manufacturers with soft pack, cylindrical and square packaging forms and full coverage of ternary and lithium iron phosphate material routes. It has gained Daimler in the field of power and energy storage. , BMW, Xiaopeng and other high-quality customers orders.

Square lithium iron phosphate and 4680 large cylindrical batteries are the core of the company's future development.

In 2022, upstream raw materials will rise sharply. The company actively cooperates with upstream companies to reduce costs and ensure the safety of the supply chain.

Xiaomi Auto confirms battery plan, covering two head battery suppliers

　　On the same day, a market source said that Xiaomi Auto determined the battery plan and will use CATL Kirin and BYD blades.

Xiaomi's car-making has always attracted the attention of the outside world. Earlier, Xiaomi Chairman and CEO Lei Jun announced that Xiaomi's first model will be mass-produced in the first half of 2024.

　　According to 36 Krypton, it was learned from a number of people familiar with the matter that power batteries, one of the core components of Xiaomi automobiles, have finalized two main suppliers, namely CATL and BYD's Fudi battery. These two battery companies are perennial. Dominate the top two domestic power battery installed capacity.

　　36 Krypton reported that Xiaomi’s first car is planned to have two configurations, high and low. The low-profile model plans to use a 400V voltage platform, and the high-profile model plans to use an 800V voltage platform.

Correspondingly, the low-end models will be equipped with Fudi's lithium iron phosphate blade battery, while the high-end models will be equipped with the latest ternary Kirin battery launched by CATL.

　　It is reported that the blade battery is BYD's flagship product. Not long ago, BYD's blade battery has been delivered to Tesla's super factory in Berlin, Germany. The blade battery supply plan has been approved by the EU, and the first Model Y equipped with blade battery (the fastest It will go offline at the end of August.

　　The Kirin battery is the latest product released by CATL at the end of June this year, and once it was released, it caused heated discussions in the industry.

According to official news, the system integration of Kirin batteries has reached a new high in the world, the volume utilization rate has exceeded 72%, and the energy density can reach 255Wh/kg.

Thanks to the world's first large-surface cooling technology for battery cells, Kirin batteries support 5-minute fast hot start and 10-minute fast charge.

Under the same chemical system and the same battery pack size, the power of the Kirin battery pack is 13% higher than that of the 4680 system.

36 Krypton reported that the Kirin batteries used by Xiaomi cars are different and may be customized in terms of charging rate and thermal management.

　　Xiaomi Group has not responded to the above information.

The competition of power battery manufacturers is becoming more and more fierce

　　At present, a trend that can be observed is that as global car companies accelerate their transformation to electrification, competition among manufacturers in the power battery field has become increasingly fierce.

According to estimates by SNE Research, by 2025, the production and sales gap of power batteries will reach 37%, and the loading gap will reach 25%, and the supply and demand will continue to be tight.

　　As the market maintains high growth, the market pattern of "one dominance" in the Ningde era seems to be changing. BYD is becoming a strong opponent in the Ningde era, and second-tier power battery manufacturers such as China Innovation Aviation, Guoxuan Hi-Tech, and Xinwangda are also in active layout.

　　According to the monthly power battery data released by the China Automotive Power Battery Industry Innovation Alliance, in July, my country's power battery output totaled 47.2GWh, a year-on-year increase of 172.2%; the vehicle loading was 24.2GWh, a year-on-year increase of 114.2%.

　　In terms of specific companies, CATL continued to lead the market with a market share of 47.19%, but this data has dropped for the second time this year. The first drop was in April, and this time it dropped from 49.6% in June to 47.2%. Some analysts believe that this is due to the decline in sales of new energy vehicle companies such as Weilai and Tesla China.

The market share of BYD's Fudi battery increased from 18.6% in June to 25.2%, ranking second, while China Innovation Aviation, Guoxuan Hi-Tech, and Xinwangda accounted for 6.07%, 4.70%, and 3.11% respectively. Ranked 3rd to 5th.

　　It is worth noting that lithium iron phosphate batteries have surpassed ternary lithium batteries in terms of total installed capacity, and are obviously further expanding their advantages over ternary lithium batteries.

Judging from the market share of lithium iron phosphate batteries, BYD Fudi battery installations jumped to the first place, accounting for 41.9%; CATL ranked second, accounting for 37.37%.

In the previous June, the Ningde era took the lead.

　　Ping An Securities pointed out in the research report that with the increasingly fierce competition for high-quality battery resources and the wide acceptance of the lithium iron phosphate route by domestic and foreign OEMs, the external supply of BYD batteries is expected to usher in a substantial breakthrough in 2022, with potential new customers. Including Toyota, Daimler, some new car manufacturers and North American customers.

　　In addition, second-tier power battery companies are seeking financing while accelerating production expansion.

In May 2020, the Volkswagen Group announced its investment in Guoxuan Hi-Tech, with a total stake of 26.47%, becoming the largest shareholder of Guoxuan Hi-Tech.

In the same year, Daimler Greater China Investment Co., Ltd. appeared in the list of strategic investors in Funeng Technology’s IPO, with a payment amount of 905 million yuan, and will hold about 3% of Funeng Technology’s shares.

Since the beginning of this year, China Innovation Airlines has submitted a prospectus to the Hong Kong Stock Exchange, Honeycomb Energy plans to seek listing on the Science and Technology Innovation Board, Yiwei Lithium Energy plans to issue A shares to specific targets to raise funds of 9 billion yuan, and Guoxuan Hi-Tech is officially listed on the Swiss Stock Exchange. .

　　Bank of China Securities pointed out in the research report that the market share and ranking of second-tier battery companies have been in dynamic changes.

In general, the pattern of second-tier battery companies is still in the stage of melee, and will continue to face reshuffle in the future, and some companies with product power may win.

(Broker China)