SMM News: Tesla's "Battery Day" activity is imminent, Musk's public remarks have become the focus of everyone's interpretation.
Tesla CEO Elon Musk said on Twitter on Sept. 21 that the launch of Tesla's Battery Day affects long-term production and that the announced products will not be able to achieve real mass production until 2022, especially the production of Semi,Cybertruck and Roadster.
In addition, he added, "Tesla will increase rather than reduce battery purchases from partners such as Panasonic, LG and Ningde era (there may also be other partners)." But even if battery suppliers develop at maximum speed, we can still foresee severe supply shortages in 2022 and beyond, unless we take action ourselves. "
After the news, Tesla's after-hours decline widened to 8 per cent, then closed slightly lower, with Tesla shares down more than 5 per cent as of press time.
Earlier, Musk said a lot of exciting things would be released on Battery Day.
On the 24th of last month, Musk hinted on Twitter that Tesla could mass produce batteries with a longer life and a 50 per cent increase in energy density within three to four years. "[the energy density of the new battery reaches] 400hp kg, has a high cycle life, and is not far from mass production (not just laboratory production)."
It is speculated that Tesla will release a new battery based on silicon nanowires on Battery Day. Silicon nanowires are expected to become one of the key materials to improve the performance of power batteries, and Tesla is likely to work with battery maker Ampris.
However, there are not a few battery industry experts who are skeptical about whether Tesla's new battery can be launched. According to the Los Angeles Times, Donald Sadoway, a materials chemist and battery expert at the Massachusetts Institute of Technology, said that because there are many startups and inventors in the battery industry who spare no effort to promote their products, the public is advised to treat Musk's so-called new batteries with caution. Mr Musk's new statement undoubtedly adds to his suspicion.
Partners take reassurance
For Panasonic, LG, Ningde era and other partners, the commitment to increase battery procurement is undoubtedly reassuring.
It is worth noting that these leading battery manufacturers have acted frequently recently, which coincides with Tesla's new battery momentum.
In August, Ningde Times issued an announcement that in order to promote the global strategic layout and ensure the supply of key resources in the industry, it plans to invest no more than 19.067 billion yuan in high-quality listed enterprises in the upper and lower reaches of the industrial chain at home and abroad by way of securities investment. Then, on Sept. 14, the leading intelligence of upstream equipment manufacturers of lithium batteries announced that Ningde Times had injected 2.5 billion capital into it. As a result, the leading intelligence has become the first enterprise in the 10 billion investment plan in the Ningde era.
On September 17, LG Chemical held a board meeting and approved the resolution to spin off the battery business. After the resolution is approved by the shareholders' meeting on October 30, the new company tentatively named "LG Energy solution" will go into operation on December 1st. The new battery company, which is 100 per cent owned by LG Chemical, will focus on automotive batteries, energy storage systems and small lithium batteries. Revenue from LG's battery business is expected to reach 13 trillion won (75 billion yuan) this year and at least 30 trillion won by 2024 after independence.
Earlier, it was reported that Panasonic, another battery supplier of Tesla, would continue to increase its investment in Tesla's Gigafactory 1 plant to expand its lithium battery capacity. It was also reported in July that Panasonic plans to mass produce cobalt-free batteries within two to three years.
Haitong Securities said in a research report released on September 20 that the domestic production and sales of new energy vehicles further improved in August, and the industrial chain entered the upward track of prosperity. From the perspective of the European market, the sales of electric vehicles in Germany, France, Sweden and other major countries showed a high growth trend in August compared with the same period last year. It is expected that this trend will further continue in the third and fourth quarters, and the domestic market and the European market are expected to usher in economic resonance in the third and fourth quarters.
Haitong Securities said that the largest increment in the value of new energy vehicles is power batteries. In the future, ternary power batteries will be equipped with high-end passenger models and low-end models with lithium iron phosphate batteries. Ternary power batteries suggest to pay attention to Ningde Times, Xinwangda, Yiwei Lithium Energy, and materials companies, while it is recommended to pay attention to PUTailai, Enjie shares, Shanshan shares, Zhongke Electric, China Materials Technology, Dangsheng Technology, Skyline shares and so on.
