AVIC lithium battery 'listed' Hongguang MiniEV battery supporting

Hongguang MiniEV power lithium battery supplier lineup has added Titans to the electric sacred car. GGII data shows that Hongguang MiniEV, which has been on the market for only 6 months, will have produced 127,000 units in 2020, and the corresponding power lithium battery installed capacity is nearly 1.5GWh. The single-model output ranks second in China, second only to the domestic Model3. Among them, AVIC Lithium has supplied Hongguang MiniEVs in small quantities in December last year, and formally joined its power lithium battery supplier array. In 2020, the domestic market share of AVIC lithium battery power lithium battery installed capacity is 6.08%, ranking fourth. If LG Chem is removed from foreign investment, it will have secured the top 3 power lithium battery in my country. AVIC Lithium Battery is already the core supplier of GAC Passenger Vehicle's Aian and Chang'an Automobile. It also includes GAC Toyota, Jinkang, Geely, Dongfeng Xiaokang and other passenger car customers. After supporting Hongguang MiniEV, it is expected to further increase its installed capacity demand. In terms of sales volume, Hongguang MiniEV will sell 127,700 bicycles in 2020, accounting for more than 70% of the total annual sales of Shangtong's five pure electric models. Sales continued to rise in January this year, reaching 36,700 vehicles, and the cumulative sales in the seven months after the launch was as high as 164,400 vehicles. Beginning in September last year, it continued to surpass the domestically produced Model 3 and continue to rank first in the domestic new energy vehicle sales list for May. As an A00-class pure electric car, its success is inseparable from its precise market positioning and product configuration. It eliminates all redundancy to control the cost at 2.98-38.8 million yuan. The price is comparable to low-speed electric vehicles, but the performance and brand have obvious advantages. . The target market is targeted as a broad alternative market for low-speed scooters in third- and fourth-tier cities, rural areas and urban-rural areas. In the selection of power lithium battery suppliers, Shangtong Five also adheres to its usual style. With the monthly hot sales of Hongguang MiniEV models and the sharp increase in battery demand, it has formulated a multi-supplier strategy to weaken battery companies’ supply voice and realize battery supply. And price game. Hongguang MiniEV battery suppliers have successively included Guoxuan, Xingheng Power, and CATL. In December 2020, they will add small-volume supply of AVIC lithium batteries. In addition, Penghui Energy also officially supplied products in January this year. Up to now, for the Hongguang MiniEV single model, Shangtong Wu has equipped it with 5 high-quality battery suppliers. It is foreseeable that with the popularity of Hongguang MiniEV and the substantial increase in demand for power lithium batteries, it is not ruled out that new suppliers will join in, and the supporting competition of various supplier companies will also become more intense.