Operation of China's lithium battery giant Ningde Times in 2020

by:CTECHi     2021-09-09
The total installed capacity of Ningde’s power batteries in electric vehicles has ranked first in the world for four consecutive years. The main reasons include the perfect supply chain of the Ningde era and the continuous expansion of power battery production capacity to promote revenue growth. In addition, compared with BYD, the power battery business of the Ningde era is As its main source of income, in terms of technology, CATL attaches great importance to the research and development of products and technical processes. In 2019, CATL invested nearly 3 billion yuan in research and development, and its base and proportion are much higher than the domestic average. Thus established its position as a giant in the lithium battery industry. CATL ranked first in the world in terms of installed capacity for four consecutive years. According to the statistics of South Korean research institute SNEResearch, despite the impact of the epidemic, the total installed capacity of global power batteries in electric vehicles will still increase in 2020, reaching 137GWh, a year-on-year increase of 17%. Among them, the Chinese power battery manufacturer Ningde Times installed 34GWh, ranking first in the world for the fourth consecutive year. In 2020, my country's power battery installed capacity will accumulate 63.6GWh, and a total of 72 power battery companies in my country's new energy vehicle market will realize the installation of vehicles, which is 3 less than the same period in 2019. Among them, CATL’s loading volume accounted for 50%, ranking first, far surpassing BYD, which ranked second (loading volume accounted for 14.9%). Ningde era supply chain improvement From the perspective of the supply relationship of the head power battery company Ningde era, the cooperation level of Ningde era mostly focuses on cooperation with leading companies in various fields or training their own quasi-foundries. In terms of supporting customers, it has established stable cooperative relations with domestic automobile companies such as BAIC, Yutong, and SAIC, and fully binds domestic car companies through joint ventures. Overseas gradually signed strategic cooperation agreements or supply agreements with multinational auto companies such as Tesla, BMW, Volkswagen, and Toyota. The production capacity of BYD’s power battery plant is planned in Qinghai, Xi’an, Changsha, Huizhou, Shenzhen, Chongqing, etc., with a planned production capacity of 118GWh. The products include ternary lithium-ion batteries, as well as battery cells, battery packs, etc., except for the company’s electric There are also electric vehicles from cooperative companies such as Dongfeng Motor, Chengdu Bus, and Shandong Taikai, which will gradually release production capacity in the later period. Capacity expansion promotes revenue growth of CATL. From 2016 to 2020, CATL’s operating revenue continues to grow, reaching 45.788 billion yuan in 2019, a year-on-year increase of 54.63%; in the first three quarters of 2020, it achieved 31.522 billion yuan, a year-on-year decrease of 4.06%. Since the power battery business is not BYD's main business, its operating income is far from the Ningde era. In 2019, BYD’s revenue from secondary rechargeable batteries was 10.506 billion yuan. The volatility of the net profit of CATL from 2016 to 2020 will be 4.56 billion yuan in 2019, an increase of 34.64% year-on-year; the first three quarters of 2020 will be 3.682 billion yuan, which is a decline compared to the same period in 2019, but exceeds that of the whole year of 2018. BYD's secondary battery business has mainly developed in recent years. In 2019, its net profit reached 1.957 billion yuan, and its development speed is relatively fast. However, compared with the Ningde era, the gap is still large. CATL has five major production bases, namely, Fujian Ningde, Qinghai Xining, Jiangsu Liyang, Sichuan Yibin, and Erfurt, Germany. After the implementation of the latest investment and construction plan, the company's production base will be added to Zhaoqing, Guangdong. From 2014 to 2019, CATL’s revenue increased from 867 million yuan to 45.788 billion yuan, with a compound annual revenue growth rate of 121%. Behind the rapid growth of income is the support of the rapid increase in production capacity in the Ningde era. From 2014 to 2019, CATL increased its battery production capacity from 2.6GWH to 53.0GWH, with a compound annual growth rate of 112%. CATL will expand its battery production capacity to 450GWh by 2025. The power battery business is the main source of income. Different from BYD’s main business is the assembly of automobile and mobile phone accessories. The power battery business is the main source of income of the Ningde Times. The power battery system of the Ningde Times includes batteries, modules and battery packs. The application areas cover electric Special vehicles such as passenger cars, electric buses, and electric logistics vehicles. In terms of lithium battery materials, the company mainly uses waste ionized electronic batteries as materials, and produces lithium ion battery materials ternary precursors (nickel cobalt manganese hydroxide), ternary cathode materials, etc. through processing, purification, and synthesis. In 2019, the company's main business revenue of power battery systems was 38.584 billion yuan, accounting for 84.27%; the main business revenue of lithium battery materials was 4.305 billion yuan, accounting for 9.40%. Ru0026D investment is much higher than the domestic average. In terms of technology, CATL attaches great importance to the research and development of products and technical processes. At present, it has established a complete research and development system covering product development, engineering design, testing and testing, and process manufacturing. The company has production bases in Ningde, Qinghai and Liyang, Ru0026D centers in Ningde and Munich, Germany, and offices in Hong Kong, France, the United States, Canada and Japan. In 2019, CATL invested nearly 3 billion yuan in research and development, which accounted for 6.53% of the current operating income, and its base and proportion were much higher than the domestic average. As of December 2019, CATL and its subsidiaries have a total of 2,369 domestic patents and 115 international patents, and a total of 2,913 domestic and foreign patents are being applied for. Electrification + intelligent innovation applications are penetrating into more scenarios. In addition to automobiles, there are also electric ships, replacement heavy trucks, and green mines. The market is facing many opportunities. The lithium battery industry will enter the TWh era by 2025, and the lithium battery industry market will usher in a blowout period in the next 5 years. For CATL companies, high-efficiency, high-quality delivery is an important core competitiveness.
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