On April 23, the data released by the Real Lithium Research showed that the concentration of the power battery industry was getting higher and higher. Some of the manufacturers fell out of the top 20 rankings and the market reshuffled. Among them, the first quarter of the Ningde era accounted for half of the installed capacity of lithium-ion batteries. Ranked No. 2 and No. 3 in BYD (002594, SZ) and Guoxuan Hi-Tech (002074, SZ). According to the data of installed capacity in March, the top five companies accounted for 84.78% of the total. Last year, the top five companies totaled The proportion is below 76%, accounting for more than 78% in the first three months of this year. The market concentration of lithium battery industry is getting higher and higher.
It is noteworthy that once the king of power batteries - BYD in order to deal with the fierce competition in the power battery, the power battery production from its own use to open to the outside world, BYD's battery has begun to prepare to install on other car prices. BYD related staff Reported to the reporter of "Daily Economic News" that in the future, the external sales will not only be lithium iron phosphate batteries, but also the ternary lithium batteries will be supplied externally.
Some manufacturers dropped out of the top 20 rankings
Real lithium research data shows that in March this year, a total of 57 car companies nationwide installed 2.19GWh.
Judging from the lithium battery installation status of the battery supplier, the Ningde era topped the list with a total installed capacity of 1.1GWh, which accounted for 50.33%. In March of last year, the installed capacity of the Ningde Group was only 258.48MWh, which was more than three times that of the previous year. The installed capacity of BYD was 411.90MWh, accounting for 18.83%; Guoxuan Hightech ranked third with 193.64MWh, and its market share accounted for 8.85%.
Judging from the battery types supplied by battery manufacturers, NCM (nickel cobalt manganese) ternary batteries dominated, followed by lithium iron phosphate batteries. Of the top 20 battery suppliers in March, 17 supplied NCM ternary batteries. 8 companies offer lithium iron phosphate batteries, 1 supply lithium manganate batteries, no manufacturer offers lithium titanate batteries. Last year, lithium titanate was the main supplier for Zhuhai Yinlong invested by Dong Mingzhu.
The supply of lithium iron phosphate batteries was mainly concentrated in the Ningde Times and Guoxuan Hi-Tech. The two companies together accounted for nearly 90% of the total installed capacity of lithium iron phosphate batteries. The total installed capacity of NCM ternary batteries was mainly provided by Ningde Times and BYD. The total share of home companies exceeds 70%. Lithium manganate batteries have a smaller installed capacity, and the main suppliers are micro-power plants. In March, they installed 8.68MWh, accounting for 80% of the total installed capacity of lithium manganate batteries.
Zhang Hui, a real lithium research analyst, believes that after the Spring Festival in March, all companies have resumed normal production, installed capacity has increased significantly compared with February, and the country’s subsidy policy has also been implemented. This also gave enterprises a certain amount of determination, and the lithium battery installed in a healthy growth. .
It is noteworthy that the power battery industry is becoming more and more concentrated. In the first quarter, the installed capacity of new energy vehicles was 4.54 GWh, an increase of 182.67% year-on-year. The top three companies have occupied more than 70% of the market share. The same period last year, the top three The number of companies in the name accounted for just over half.
So far last year, the competition among power battery companies has intensified, and the ranking of the top 20 installed companies has also undergone major changes. Some companies even fell out of the rankings. Last year, the number of installed capacity of the company was ranked third, and this year, the number of installations of Waterloo. In March it has disappeared among the top 20 companies.
'Two squeezed' became a single big
According to Mo Ke, chief analyst of Real Lithium Research, this year's market is characterized by a dominance of the market and the reshuffle has been intensified. He said that last year's significant feature was 'two squeezes' - CATL (Ningde Times New Energy Technology Co., Ltd.) has rapidly increased its market share. In addition, the overall market share outside the top 20 has also improved, and the number of manufacturers from 2 to 19 has declined. The total market share of the top 20 battery manufacturers totaled 86.02%.
However, the market share of the top five power battery companies in the first quarter of this year has exceeded 80%, and the market share of the top 20 companies is more than 97%. Last year, the market share of other battery manufacturers other than the top 20 reached 13.98. % In the first quarter of this year, they only shared less than 3% of the market share.
The most obvious is that the continued growth in market share in the Ningde era has caused pressure on other companies. BYD, for example, has been operating its battery business earlier than the Ningde era, but its closed-loop supply model has allowed the latter to quickly seize the market in 2017. The year was surpassed by the Ningde era.
The Ningde era reduced power battery prices last year and seized the market, causing its average sales price of power battery systems to drop by 30% year-on-year, the decline rate being the highest in nearly 3 years. Ningde era thought that the decrease in average selling price was mainly due to power batteries in recent years. Increased production capacity and adjustment of subsidies for new energy vehicles.
To cope with this fierce market competition, BYD's closed-loop power battery supply chain system has been gradually opened. BYD has for the first time given the timetable for the independent listing of power batteries. On March 31, Shen Jun, Deputy General Manager of BYD Lithium Battery Business Group, opened in 2018. The Pearl River Delta Future Automotive Supply Chain Innovation Forum stated that BYD is doing the power stripping business. It is expected that it will be completed by the end of 2018 or early 2019. From 2022 to 2023, BYD's power battery company will be listed separately.
Moreover, BYD’s power battery export business has already started. The Ministry of Industry and Information Technology announced on April 13 that the Dongfeng Motor’s pure electric van and pure electric truck chassis were equipped with the iron phosphate produced by BYD respectively. Lithium batteries. There are one BYD battery in Dongfeng Motor's 15 pure electric vans and 19 pure electric trucks.
The related staff of BYD told the reporter of “Daily Economic News” that in the future, the external sales will not only be lithium iron phosphate batteries, but the three yuan lithium batteries will also be supplied externally. However, the staff member stated that the specific progress of BYD’s external cooperation is not yet available. clear.
