The new generation of national "miraculous car" power Guoxuan Hi-Tech / Xingheng Power supply broke out in July.

SMM News: Wuling Hongguang MINIEV has been popular out of the circle. According to Wuling Motors, Hongguang MINIEV has been on the market for only 20 days, and its sales have exceeded 15000, making it the fastest small new energy model in the world. As of August 12, its total order has exceeded 50, 000. As a new generation of "magic car" in the electric vehicle industry, it can be predicted that Hongguang MINIEV will continue to be popular.

The popularity of Hongguang MINIEV has also led to a great increase in the installed capacity of batteries in related battery manufacturers. It is understood that at present, the main battery suppliers of Hongguang MINIEV are Guoxuan Tech, Xing Heng Power and Penghui Energy. Xuan Tech and Xing Heng Power supply in China began to load Hongguang MINIEV on a large scale in July.

Guoxuan Hi-Tech has returned to the fourth Star constant Power supply, which has soared compared with the same month.

According to data from the Power Battery Application Branch, in July this year, the installed capacity of power batteries for new energy vehicles in China was about 4.99 GWH, an increase of 6.2 percent over the same period last year and 6.1 percent from the previous year. Both achieved positive growth, ending more than a decade of negative year-on-year growth. It is worth noting that Guoxuan Hi-Tech installed about 364.11MWH in July, an increase of 155.2% over the same period last year and 81.8% month-on-month growth. The installed capacity of power batteries in the Chinese market also returned to fourth place, second only to Ningde era, LG Chemistry and BYD.

In 2019, as LG chemistry was not yet in the Chinese market at that time, the installed capacity of Guoxuan Hi-Tech ranked third in the Chinese market for a long time. With the rapid release of Model3 in the Tesla (Shanghai) factory this year, the installed capacity of LG chemical batteries in China skyrocketed, pushing BYD from the second position to the third place. But during this period, the ranking of Guoxuan Hi-Tech was not normally extended to No. 4, during which it was surpassed by AVIC Lithium Power and other enterprises for many months in a row.

It is understood that from January to June this year, the top three customers of Guoxuan Hi-Tech are still Chery, BAIC and Jianghuai. Due to the influence of downstream customer demand, the installed capacity of Guoxuan Hi-Tech in the first half of the year did not change significantly, but in July, SAIC GM Wuling's new car Hongguang MINIEV began mass production and sale, and the contribution to Guoxuan Tech power battery installation is very intuitive. Data show that in July this year, Hongguang MINIEV produced 7403 vehicles, of which 3997 were equipped with power batteries.

Driven by Hongguang MINIEV, the installed capacity of Guoxuan Hi-Tech in July was also obvious, returning to the fourth, leading the fifth place about 200MWh.

According to the person in charge of Guoxuan Hi-Tech, the company began to supply the Hongguang MINIEV of SAIC GM Wuling in May, and the supply of batteries reached 180000 in June and about 300000 in July. "Wuling will also become one of our main supporting customers."

Another power battery manufacturer that also benefits from the hot sales of Hongguang MINIEV is Xingheng Power supply. According to data from the Power Battery Application Branch, the installed capacity of power batteries in Xingheng Power supply was 38.27MWH in July, an increase of 435% from the previous month, and the ranking of power battery installations in the Chinese market also jumped to 13th place from 24th in June. It is reported that in July, Xingheng Power supply provided power batteries for 3406 Hongguang MINIEV. In that month, in addition to Hongguang MINIEV, the main customer, Xing Heng Power supply also provided power batteries for Geely Sichuan commercial vehicles, Baoding Changan bus, FAW Jilin Automobile and other mainframe factories.

It is worth mentioning that, according to the certificate production data of the Ministry of Industry and Information Technology, the output of new energy passenger vehicles in China in July 2020 was 85200. Although Hongguang MINIEV only went on sale on July 24, its sales reached 7348 vehicles by the end of July, ranking second in the Chinese market in that month. Judging from the current market popularity and pre-sale orders, Hongguang MINIEV is expected to produce and sell more than 10,000 vehicles a month in the next few months, and may even surpass Tesla Model3, to become the first monthly production and sales of new energy single models in China.

Undoubtedly, driven by the hot sales of Hongguang MINIEV, Guoxuan Tech and Xingheng Power will benefit from it, and the power battery installation data of these two enterprises are expected to be very good in the next few months. In addition, the Hongguang MINIEV model with Penghui energy cell has also been on the announcement catalogue, and it is expected that the next installed capacity of Penghui energy will also break out.

The Battery matching Logic behind the popularity of Hongguang MINI EV

Hongguang MINIEV mileage is currently available in two versions: 120km and 170km, with prices ranging from 28800 yuan to 38800 yuan. The popularity of this car may surprise many car companies.

With the convenient advantage of easy opening and stopping, as well as "small and strong" hard core strength such as safety and reliability, economy and people-friendly, Hongguang MINIEV has its unique advantages in solving the problems of users' daily travel, whether it is commuting, picking up children, shopping and personal leisure travel, which may reveal why Hongguang MINIEV became popular as soon as it was launched. Just like Wuling's positioning of this car: Hongguang MINI EV has given birth to a new category in the automobile industry and created a new blue sea of "walkers".

In the scooter market, electric light vehicles (mainly electric bicycles) have always been the main force, and in recent years, with the increasing demand for takeout, express delivery, shared electric bicycles and working-class short-distance commuting, the electric two-wheeler market is growing rapidly. China produced 11.701 million electric bikes in the first half of this year, an increase of 10.3 percent over the same period last year, according to the Ministry of Industry and Information Technology. Among them, the monthly production of electric bicycles reached 3.073 million in June, an increase of 48.4% over the same period last year, continuing to maintain rapid growth after a year-on-year growth rate of 45.4% in May.

Wang Jia, senior vice president of Yadi Technology Group, said in an interview with the media that sales of electric bicycles soared after the epidemic, with sales increasing by more than 50% in the first half of this year compared with the same period last year. The company is expected to complete its 2019 task by August 10.

New business type, such as takeout, express delivery, and shared bicycles, is becoming the main demand for electric light vehicles, and for many working-class short-distance commuting needs, their travel mode is also changing, among which upgrading from electric light vehicles to "walking cars" such as Hongguang MINIEV has become the expectation of a considerable number of working-class people.

Traditional electric bicycles carry electricity between 0.5kWh~1.5kWh, while Hongguang MINIEV carries electricity in 9.2kWh~14.4kWh range. From the point of view of power, mileage and use, Hongguang MINIEV can also be said to be one of the important "upgrades" of electric light vehicles.

In fact, the upgrading of "scooter" also gives electric light vehicle supporting battery manufacturers an "upward" opportunity, while for electric light vehicle market and electric vehicle market have rich experience and technology accumulation of enterprises, in the face of this emerging market has a natural advantage. It is not difficult to understand why Xingheng Power supply appears among the cell suppliers of Hongguang MINIEV. Xingheng Power supply, as a global lithium battery giant for light vehicles, has occupied the first position in terms of lithium battery shipments for light vehicles for many years in both overseas and domestic markets.

According to industry statistics, in the light vehicle sales of TOP10 models in China from January to February this year, Xing Heng Power supply fully covered the lithium battery supply of TOP10 hot-selling electric bicycles, and the supporting lithium batteries of TOP8 models were supplied exclusively by Xing Heng Power. By the end of August 2019, Xingheng Power had assembled more than 10 million sets of lithium-ion batteries for electric light vehicles.

As a leading enterprise in the field of lithium batteries for electric light vehicles, Xing Heng Power has been engaged in technical research and development and market accumulation in this field for more than 16 years. Cooperative customers include almost all the mainstream brands of domestic electric light vehicles, such as Green Orange, Yadi, Emma, Xinri, Tailing, Lvyuan and so on.

"the consumer population is getting younger, the consumer upgrading trend is obvious, and the consumer travel mode is changing at the same time," Feng Xiao, chairman and president of Xing Heng Power, said, or revealed that it had been laying out the upgrading market of lithium electric bicycles early on. Therefore, relying on its 16 years of technical research and development and market accumulation in the field of lithium-ion light vehicles, it is not surprising to be able to enter the Hongguang MINIEV supply chain.

It is not difficult to imagine that with a large number of market verification of Hongguang MINIEV, Xingheng Power will open up more "substitute vehicles" market and even increase the bargaining chips in the electric vehicle market.

At present, with the outbreak of the lithium battery light vehicle market, many power battery giants and consumer battery giants have poured into this market, and unwittingly, as the lithium battery light vehicle market, the battery giants are extending to the vast automobile market.

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