SAIC will push the 'Battery Bank' program

On May 12, Zhu Jun, deputy chief engineer of SAIC, said that SAIC will soon launch a 'battery bank' that separates cars from electricity. At the same time, at the end of this year or early next year, a unified specification battery pack will be launched, covering 11 models, which can support lithium iron phosphate, ternary lithium batteries, high nickel batteries, and even solid-state battery cells. Realize the rentable, replaceable and upgradeable service of the power battery module of the passenger car. It is understood that the 'battery bank' is also known as the separation mode of car and electricity. When a user purchases a pure electric vehicle, the cost of the battery part is not borne by the user, and the power battery is obtained from a battery bank lease, and the rent is paid by a mortgage. 'Battery bank' is a new business format that completely separates the car and electricity under the battery swap mode: battery companies prepare standard PACKs and deposit them in the 'battery bank, And consumers need to buy a vehicle and choose a battery to pay for lease, then they can drive the vehicle normally and enjoy the battery swap service. Compared with the sales model of the whole vehicle (including battery), for car companies, the introduction of 'battery bank' can be realized The full life cycle asset operation management of power batteries, and the business model of separation of car and electricity can also effectively reduce the price of bare cars and reduce the one-time purchase cost. About 40% of the cost of pure electric vehicles is the cost of power batteries. The electric separation mode allows users to go to the battery bank for unlimited times to replace the battery free of charge, which can avoid battery loss after electric vehicles are used, and completely solve the problem of battery residual value loss and the user’s cost of using electric vehicles. At the same time, there will also be Help strengthen battery supervision and realize battery operation. A battery operating company is responsible for battery operation, which helps to realize the integration of operating resources for battery insurance, electricity prices, and charging fees, and provides users with more cost-effective electric vehicle use plans. For electric vehicles For consumers, the biggest pain point is that in addition to the inconvenience of charging, there is also the problem of vehicle depreciation caused by battery degradation after a few years of use. The performance of the battery declines, and it is a high cost to replace the battery. Repair Electric vehicles cannot be repaired or sold, and electric vehicles have become 'electric fathers.' However, as more companies begin to promote 'separation of vehicles and electricity,' the attenuation of electric vehicle batteries has led to a worldwide devaluation of vehicles. Problems' will also usher in the final solution. Take the first entry of 'NIO' as an example, in August 2020, NIO, Ningde Times, Guotai Junan International Holdings Co., Ltd. and Hubei Science and Technology Investment Group Co., Ltd. jointly invested and established Wuhan Nineng Battery Assets Co., Ltd. conducts battery asset management by entrusting NIO to provide battery rental operation services after purchasing battery packs. Unlike the previous 'user installment payment and buyout' method, NIO is brand new While helping it to get rid of the financial burden of batteries, its Baas model has also increased its vehicle sales and service revenue. In 2020, Weilai’s financial report shows that the company’s 'other sales and service revenues' are as high as 1.08 billion yuan, almost Several times that of other new power companies. In addition, not only the battery pack costs, Li Bin believes that Nineng also has many other value-added points. 'It will restructure the battery industry and become a very large battery purchaser, asset owner and decommissioned. The battery supplier is also a technology company that improves battery life. 'Indeed, as an open platform, the 'Battery Bank' can attract the participation of many car manufacturers and provide asset services for more different brands of electric vehicles, thereby forming a corresponding magnitude advantage and achieving the purpose of profitability, but because the bottom battery will cost Huge investment, therefore, how to reduce the cost of capital and increase the value of the battery's full life cycle in the future will determine its profit.