Chuangjin Hexin Cao Chunlin: the price of lithium battery may remain stable next year

Cao Chunlin, manager of Chuangjin Hexin Fund, said that battery prices will certainly not be reduced at least in the first half of next year, but car companies can absorb some of the costs in a variety of ways.

The following is the essence of the text:

Host: what do you think of the lithium price, battery cost pressure and the impact on the demand side in 2022?

Cao Chunlin: at present, the price of lithium has risen from 40, 000 to 120000, and other links, including many chemical industries, are also rising, which puts great pressure on the cost of batteries. But the leading power battery companies did not raise prices, and solved this problem through scale expansion and technology upgrading.

The price of the battery will not be reduced at least in the first half of next year, and it will be good if the price does not rise. In addition to the expansion of the scale of their own car companies, technological progress, and the upgrading of models leading to a reduction in costs and digesting some of the costs, it also has something to do with the demands of the entire car company, that is to say, many new energy vehicles are not aimed at profit, but for the pursuit of production, vehicle upgrading and technological progress.

I first increase the scale, so I need to observe the thinking of the car company. At present, the demand still has no impact, because the sales model of new energy vehicles is different from that of traditional cars. Consumers place orders online, and the orders are very clear. At present, there are more and more, which is the reason why we are optimistic about next year.

At present, Tesla has raised the price a little in disguise by increasing the configuration, and the new forces of car building do not see much price increase at present. The joint venture Volkswagen ID series may increase the price, but generally speaking, the price remains relatively stable at present.

The industry is full of technological progress, the cost is not fixed, the cost can be reduced through technological progress, Tesla cut the price twice, the gross profit has also increased, and now the gross profit is close to that of the BBA luxury car. The industry has been looking at who runs faster, who runs faster in technological progress, or who runs faster in the cost of raw materials.