The localization of Tesla, a new construction project of about 20 auto parts enterprises in China in the third quarter, has been obviously promoted.

SMM News: although affected by the COVID-19 epidemic and other factors, there is pressure on the investment environment of the automobile industry this year, but based on the consideration of responding to market changes and improving their own strength, the investment pace of some auto parts enterprises has not slowed down. According to relevant statistics, at least 19 auto parts companies built new production or R & D bases in China in the first half of this year. This trend also continued to the past third quarter, after combing, it was found that about 20 auto parts companies announced new construction projects in the third quarter. So, what are the details of these new projects? What kind of information and wind direction does it reveal?

Driven by Tesla's localization, multi-parts enterprises speed up the pace of new investment and construction.

As a leading enterprise in the field of new energy vehicles, Tesla's sales are growing rapidly this year. For this reason, with the promotion of the localization of Tesla parts, the supporting industry chain ushered in new opportunities, and the parts enterprises that have entered or are about to enter Tesla's supply system will significantly benefit from the increase in orders brought about by the increase in sales after localization. Of course, this also means that in order to seize the "big cake" of Tesla, auto parts companies have to step up their layout in the Chinese market, including both technical layout and production capacity layout.

In September this year, the Lingang New area of China (Shanghai) Free Trade Experimental Zone held a contract signing ceremony for new energy vehicle supporting industry projects in 2020, and 13 projects were officially landed in Hong Kong New area. Among them, Xinquan shares, Jinyuansheng and other five enterprises signed the land contract, Shenyuan, Daya, Foggia and other eight enterprises signed the plant project. These projects cover all kinds of supporting products in the automotive industry chain, such as automobile body, chassis, internal and external decoration, new energy powertrain, materials, sensors and electronic components, with a total investment of more than 4 billion yuan and an output value of more than 10 billion yuan.

It is worth noting that the projects of some enterprises have a strong relationship with Tesla. For example, Foggia, according to the plan, the company will further increase its investment in the new Lingang area of Shanghai, build a seat production base and provide Tesla with a complete chair solution. It is reported that in 2019, Foggia and its SAS company settled in Shanghai Lingang New District, focusing on providing complete cockpit module assembly, real-time scheduling and other full-process supply chain management services for Shanghai Tesla Super Factory, with a production capacity of 250000 vehicles. With the expansion of business, the cooperation between the two sides has been extended to the seat business department. Foggia is expected to invest 25 million yuan to build the production base of Tesla seat project in the new Lingang area.

Another example is Xinquan shares, which is an overall solution provider for auto accessories, with a total investment of 450 million yuan for the project in Hong Kong, which will build a base for R & D and industrialization of auto accessories. Although Xinquan's main customer is SAIC's port-facing plant, the company's construction project has something to do with Tesla. According to the semi-annual report of Xinquan shares, it has reached a cooperative relationship with Tesla and obtained the designated development and manufacture of ModleY interior decoration. From this point of view, the establishment of automobile accessories R & D and industrialization base in Hong Kong can achieve the nearest matching and reduce the costs of product transportation, packaging, warehousing and so on.

In fact, a large number of parts suppliers have already gathered around Tesla's Shanghai port factory. Among them, one of the more well-known is Junsheng Security, a subsidiary of Junsheng Electronics, which was officially stationed in Shanghai Lingang in October last year. Since the opening of the Shanghai Lingang plant, Junsheng Security has begun to supply mainstream vehicle factories such as BMW, Mercedes-Benz, Volkswagen, Geely and Changan. In February this year, the company officially received a designated production letter from Tesla China to supply domestic Model 3 and Model Y with airbags, seat belts, steering wheels and other products. It is reported that the port-adjacent factory officially began to supply Tesla to China in October this year.

The direction of investment is relatively concentrated, and new energy vehicles and other emerging areas are focused on.

In the statistics of the new construction projects of spare parts enterprises in China, Geshi found that the investment direction of these enterprises is relatively concentrated, focusing on new energy vehicles, automotive electronics and other emerging fields, especially in the field of new energy vehicles. The new construction projects of Ningde Times, time Geely, Guoxuan Hi-Tech, Huineng Technology and other enterprises all focus on the field of new energy vehicles.

According to news in August this year, time Geely, a subsidiary of Ningde Times, plans to invest in a power battery project in Yibin, Sichuan Province, with a total investment of no more than 8 billion yuan. Then, in September, Ningde Times signed a comprehensive strategic cooperation agreement with the Sichuan Provincial people's Government in Chengdu. According to the agreement, the two sides will further strengthen their cooperation in the lithium power industry chain. Ningde era will lay out production and R & D bases in Yibin and other places in Sichuan to build the whole industry chain system of lithium electricity. In fact, the Ningde era has been expanding frantically since 2020, and it expects the power battery capacity to exceed 160GWH in the next three years, more than double the 53GWh capacity by the end of 2010.

Guoxuan Hi-Tech continued its pace of new investment and construction in the third quarter. In July this year, Guoxuan Hi-Tech announced that its Liuzhou Guoxuan battery production base project had officially laid the foundation, which is the eighth largest production base after Hefei, Lujiang, Jingkai, Qingdao, Tangshan, Nanjing and Nantong. It is understood that Liuzhou Guoxuan future product direction for iron lithium soft package, the initial decision is mainly equipped with 390,590 modules of soft-clad iron lithium cell, the cell monomer energy density can reach 200Wh/kg. According to the data previously announced, the base produces 10GWh power batteries annually, covering a total area of 400mu, including cell production workshop, power battery assembly (PACK) workshop, warehouse and other workshops and supporting facilities.

Also in July, Guoxuan Battery Materials Co., Ltd. signed an agreement with the Management Committee of Hefei Lujiang High-tech Industrial Development Zone to establish an annual production base of 30,000 tons of high-nickel ternary cathode materials, which is mainly built for the public. In May this year, Volkswagen China Investment about 1.1 billion EUR acquired 26% of the shares of Guoxuan Hi-Tech and became its major shareholder. on the same day, Guoxuan Hi-Tech disclosed a pre-plan for a non-public offering of A shares, the total amount of funds raised by the company did not exceed 7.306 billion yuan, of which Volkswagen China subscribed for a total of no less than 6 billion yuan. According to the plan, the funds raised will be used for the high-nickel ternary cathode material project signed this time, as well as the industrialization project of annual 16GWh high-specific energy lithium battery and supplementary working capital.

There is also no shortage of new projects in emerging fields such as automotive electronics. In August this year, Fusai Automotive Electronics R & D Center and Fusai Automotive Electronics Industrial Park project was officially launched in Changchun (Fusai Automotive Electronics Co., Ltd. is a joint venture company jointly established by Fusai Automotive parts Co., Ltd., Desai Xiwei and FAW Group). It is reported that the first phase of the Fusai automotive electronics project has a total area of 29872 square meters, and the second phase of the production plant covers an area of 12096 square meters, with a total investment of 1.4 billion yuan.

In September this year, the Management Committee of Lingang New Zone, China (Shanghai) Free Trade Experimental Zone, formally signed a contract with Horizon (Shanghai) artificial Intelligence Technology Co., Ltd., with an investment of nearly 3 billion yuan, the global R & D center project of Horizon vehicle AI chips was officially stationed in the International Innovation Cooperation Zone of Lingang New Zone. It is said that in the future, the R & D center will bring together a large number of top talents in the industry with senior industry experience and rich international curriculum vitae, focusing on the research and development of intelligent driving chips at the vehicle specification level and the landing of the industry. efficiently support artificial intelligence computing such as auxiliary self-driving and cockpit human-computer interaction.