AutoBeta(AutoBeta.net)07/22 Report--

The 2022 World Power Battery Congress was held in Yibin, Sichuan Province, attended by domestic and foreign well-known enterprises such as Ningde Times, BYD, Geely Holdings, Changan Automobile, GAC GROUP, LG New Energy, Panasonic Holdings and so on. At the meeting, GAC GROUP Chairman Zeng Qinghong station joked, "I would like to thank our partner Ningde era, GAC has half of its installed capacity and Ningde matching, and the cost of power batteries has accounted for 40% to 60% of the car cost." I'm working for the Ningde era. " At this time, Zeng Yuqun, chairman of Ningde era, is sitting off the stage.

Zeng Qinghong mentioned that with the rapid development of demand for new energy vehicles, raw materials for power batteries have skyrocketed, and the price of lithium carbonate has risen to 515000 yuan per ton this year, an increase of more than 10 times a year. He suggested that at the national level, the supervision, guidance and overall coordination of the battery industry should be strengthened, the imbalance between supply and demand should be improved, and the price should be adjusted back to a reasonable range. At the same time, in order to reduce the pressure caused by rising battery costs, Zeng Qinghong revealed that "GAC GROUP is already making batteries and is still considering buying lithium mines."

According to Ping an Securities Research report, the proportion of goods supplied by GAC GROUP in the Ningde era in 2021 is 13%, which is not too high. Ping an Securities said that in 2021, the Ningde era accounted for about 70% of Tesla's installed capacity, while the Ningde era and ideal was still the Ningde era Dugong, while the independent brands SAIC, Geely and BAIC supplied more than 80%, FAW, Changan and Great Wall more than 40%. Joint venture brands SAIC-Volkswagen, brilliance BMW, SAIC General Motors, Dongfeng Honda and Beijing Mercedes-Benz also regard Ningde Times as the main power supply battery brand. However, in order to reduce their dependence on individual suppliers and enhance their voice, more and more car companies are introducing second-line battery manufacturers to reduce the proportion of battery supplies in the Ningde era, and some have decided to produce their own power batteries, including GAC GROUP and Volkswagen.

For the skyrocketing prices of raw materials for power batteries, in fact, as early as March, the Ministry of Industry and Information Technology and the relevant departments of the National Development and Reform Commission and the General Administration of Market Supervision organized a symposium on enterprises related to the lithium industry. The meeting demanded that enterprises in the upper and lower reaches of the industrial chain strengthen the docking of supply and demand, work together to form a long-term and stable strategic cooperative relationship, jointly guide the rational return of lithium salt prices, and step up efforts to ensure market supply. better support the healthy development of China's new energy vehicles and other strategic emerging industries. Under the guidance of relevant departments, domestic lithium salt prices fell in April, but with the recovery of the new energy industry chain, lithium salt prices rebounded in May. According to the data of the business society, the price of battery-grade lithium carbonate in China is stable at about 460000 yuan / ton.

However, Zeng Yuqun did not turn his back, saying that the sharp rise in the price of raw materials for power batteries was caused by speculation in the capital market, and that high prices brought short-term trouble to the industrial chain. In his view, mineral resources are not a bottleneck in the development of the industry. At present, the proven lithium resources can produce 160TWh lithium batteries, which are completely sufficient to produce power batteries and energy storage batteries needed by the world.

According to the first-quarter financial report of Ningde Times, the revenue in the quarter was 48.678 billion yuan, up 153.97% from the same period last year, while the non-net profit was only 977 million yuan, down 41.57% from the same period last year. In fact, the soaring price of raw materials for power batteries can not be determined by the Ningde era, which needs to cooperate with upstream lithium miners, while upstream lithium mine prices remain high, and it is difficult for Ningde era to bring prices down. According to incomplete statistics, including Tianqi Lithium Industry, Rongjie shares, Xizang Mining, Tianhua Super Clean and other lithium ore suppliers' net profit rose sharply, of which Tianqi Lithium Industry increased by 11089.14% 13420.21%.

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