Ningde era

Published: Sep 8, 2020 08:23

Save

SMM9 March 8: September 7, the gem first heavyweight stock Ningde era trading volume suddenly enlarged, at one point fell more than 11% in intraday trading, closed down 8.74% at 186.40 yuan per share during the day. The single-day market value fell by more than 40 billion.

The stock price of Ningde Times fell mainly because of rumors that Ningde Times had abandoned the NCM811 (nickel-manganese-cobalt lithium manganate, which refers to a nickel-manganese-cobalt ratio of 8 to 1, and other models can be analogous to the composition ratio of other models) high-nickel ternary battery technology route. The high nickel ternary battery represented by NCM811 has been regarded as the mainstream development direction of power battery by the industry in recent years.

In this regard, Ningde Times responded in a timely manner: at present, power batteries have developed into a diversified and hierarchical supply situation. The mileage below the 400km generally uses lithium iron phosphate battery, because it is cheap and can meet the requirements of this degree of range; the mileage around the 400~500km is usually NCM523;, but if the mileage requirements are higher, there is only 811 this route. If you give up 811, you are giving up the high-end market. At present, Gao Nihua is the commanding point that various manufacturers compete for, and Ningde era will not give up 811, which is the only way for power batteries to strive for dominance and voice. The development of high-nickel ternary battery has not yet reached the technical ceiling. with the increasing requirements of high-end brand car companies for mileage, the company will continue to break through the energy density of batteries and reduce battery costs through continuous innovation. In addition, the company has included nickel-cobalt-manganese-free non-precious metal batteries in the next generation of battery research and development, which will surpass the cobalt-free batteries that have attracted the most attention in the market this year.

In addition, Ningde Times said that the company's Tesla order will be gradually released in the second half of the year, and international orders in the second half of the year will also be gradually released.

"Click to understand and sign up: 2020 China Automotive New Materials Application Summit Forum

Scan the QR code above to view the business cards of the participating companies and sign up online

Scan the code and apply to join the SMM Automotive Industry Exchange Group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Lexus Korea Opens Pre-Orders for All-New ES, Adding First BEV Model

Lexus Korea has begun pre-orders for the 8th-generation All-New ES, marking the first time the ES lineup will include a battery electric vehicle (BEV) model. The new ES will be launched in South Korea on October 13, with both hybrid and BEV versions offered. The BEV lineup will include the front-wheel-drive ES 350e and all-wheel-drive ES 500e. The ES 350e has a certified combined driving range of 478 km on a single charge under South Korean standards, while the ES 500e features Lexus’ DIRECT4 all-wheel-drive system.

1 hour ago

U.S. Government Completes Strategic Investment in Trilogy Metals, Supporting the Bornite Copper-Cobalt Project

According to Trilogy Metals on September 11, the U.S. government has completed its previously announced US$35.6 million strategic equity investment, giving it an approximately 10% stake in the company. The proceeds will be used to advance exploration and development of the Upper Kobuk Mineral Projects (UKMP) in Alaska. The portfolio includes the high-grade Arctic polymetallic project and the Bornite copper-cobalt project, both being advanced by Ambler Metals, a joint venture between Trilogy Metals and South32. Bornite hosts copper and cobalt resources and forms part of the U.S. strategy to strengthen domestic critical mineral supply chains. Trilogy Metals said the investment will provide additional funding support for exploration, engineering studies and permitting activities. As the U.S. continues to promote domestic critical mineral development, government backing for the Bornite copper-cobalt project could accelerate the development of non-DRC cobalt resources in North America and improve supply diversification for key battery metals.

1 hour ago

Turkish Trader BGN Seeks to Expand DRC Cobalt Purchases, Exploring Long-Term Offtake Deals and Talks with EGC

According to Reuters on September 11, Turkish energy and commodities trader BGN is seeking to expand its cobalt procurement activities in the Democratic Republic of Congo as it builds out its newly established metals trading business. Sources said BGN has held preliminary talks with local mining companies over long-term offtake agreements, although the potential suppliers have not been disclosed. The company may also be in discussions with the DRC government to explore purchases from state-backed artisanal cobalt buyer Entreprise Générale du Cobalt (EGC). BGN has been expanding its metals business, with a focus on copper, aluminum, cobalt and nickel, and has metals trading teams in Geneva, Singapore and Shanghai. If the proposed offtake agreements and potential EGC purchases are finalized, they would add another international buyer to the DRC cobalt supply chain and could further diversify the country’s cobalt sales channels and customer base.

1 hour ago