Panasonic develops new battery supply chain "rich" domestic suppliers for Tesla

SMM News: Panasonic is committed to developing a new battery based on Tesla battery core prototype for Tesla, in order to "promote" the ten-year cooperative relationship with Tesla. The new battery pack, a larger cylindrical battery called 4680, stores more energy and is easier to manufacture, and is key to achieving the goal of halving battery costs and increasing production by nearly 100 times by 2030, according to Yuichi Meida, Panasonic's chief financial officer.

Japan is the first country in the world to commercialize the production of lithium-ion batteries, and once monopolized the global market. Then, with the global allocation of production capacity and the progress of lithium technology in other countries, China and South Korea are rising rapidly in the global lithium market, and their market share is increasing.

At present, from the point of view of the models installed by various battery enterprises, the companies with the largest number of installed vehicles are Ningde Times, BYD, AVIC Lithium, LG Chemical and Panasonic. At present, the batteries in Tesla's system are mainly supplied by Panasonic, LGC and Ningde era, while Panasonic will supply them alone in the decade up to 2019.

Tesla said that the early selection of Panasonic, mainly because of its excellent battery performance, conducive to the promotion of Tesla electric vehicles, and then the introduction of LGC, Ningde era, is mainly to consider the safety of the battery supply chain, 2018 production bottleneck finally made Tesla decide to increase suppliers in the battery supply of the Shanghai factory.

Judging from the global lithium supply chain, Chinese companies are coming to the fore in Panasonic's supply chain, said Zhang Xinhe, an analyst at Nomura Oriental.

In the third quarter of 2020, Tesla reverse auto market has grown substantially in the world, and Northeast Securities expects Tesla's global delivery volume of 700000 vehicles next year. In the third quarter, Tesla's delivery volume reached a new high, and Model 3 was successful in both China, the United States and Europe. With the high-volume delivery of Model Y, the follow-up production of the German plant and the continued expansion of the Chinese plant, Tesla will further develop.

According to the open source securities point of view, in addition to Tesla, the data of emerging car-building forces continue to improve, which is expected to promote the global resonance of the industry boom; this upward cycle is a key period for the domestic high-quality supply chain to move towards the world. Batteries, diaphragms, negative poles and other high barriers have shown a relatively good trend. It is time for the plate to be laid out again.

From the point of view of Northeast Securities, Tesla is the most definite opportunity for electric vehicles in the future, and its upstream and downstream industry chains deserve to be paid more attention to. In Panasonic's positive supply system, there are a large number of Chinese materials industry companies. It includes Xiamen tungsten industry, Umico, Fangyuan Environmental Protection, Hunan Zhongwei, etc., the negative electrode supply system includes Betteri, Putailai, etc., the diaphragm link includes Enjie shares, and the electrolyte field includes Jiangsu Cathay Pacific, New Zebang and so on.