Under the "battery shortage", lithium power equipment is transferred to second-tier manufacturers in the seller's market or enjoy order spillover dividends.

The prosperity of the new energy automobile industry is high, driving the demand for lithium electricity to rise strongly. However, battery manufacturers have full capacity, but it is still difficult to meet the terminal demand, and the army of production expansion is growing.

Lithium electricity production expansion, equipment first. According to the latest report of Tianfeng Securities, at present, the production capacity of lithium power equipment is generally tight, and orders have spread to second-tier manufacturers. This year, mainstream manufacturers of lithium power equipment have received nearly 45 billion orders, of which 34.8 billion are lithium business orders, an increase of 198% and 131% over the same period last year. Supply exceeds demand, lithium equipment into the seller's market, is about to usher in Davis double-click.

Power battery manufacturers expand the production of lithium power equipment on a large scale to meet the huge demand space

Nowadays, the new energy vehicle industry is gradually driving into the deep water area, and with the continuous promotion of national policies, automobile electrification has become an irreversible trend of the times, but the capacity of lithium battery is difficult to cover the downstream demand. According to SNE Research, the gap between supply and demand of lithium electricity will continue to increase from 2023 to 2025.

As a result, domestic and foreign battery manufacturers have also launched production expansion plans. According to previous statistics of Science and Technology Innovation Board Daily, between May and early July, more than a dozen mainstream manufacturers, including Yiwei Lithium Energy, AVIC Lithium Power, and LG Energy, have announced the trend of expanding production.

Qiu Shiliang team of Zheshang Securities reported on July 12 that power batteries have entered the era of large-scale manufacturing, and the equipment market is expected to release huge demand space in the next 3-5 years. The equipment market is expected to reach 104.2 billion yuan in 2025, with a compound growth rate of 41% in the next five years.

From the point of view of the order volume, the number and amount of major bidding for lithium power equipment have increased significantly since the second half of last year. From January to May this year, the cumulative contract value of the equipment industry reached 6.8 billion yuan, close to the level of the whole of last year.

The data from the above research report of Tianfeng Securities also confirm the improving trend of the equipment industry. It is expected that the cumulative amount of new lithium orders from mainstream lithium equipment manufacturers this year is more than twice that of last year's combined revenue, among which the new order of Xianhui Technology is nearly four times that of last year's revenue.

Under the full capacity of mainstream head manufacturers, second-line lithium equipment enterprises have also ushered in greater opportunities. The above Tianfeng Securities report pointed out that the production capacity of lithium power equipment continues to be tight, and orders may spread to the second line. Anxin Securities Research report on July 18 also believes that Li Yuanheng, Lianwin Laser, Xianhui Technology and other second-line leading equipment companies are expected to usher in a double-click performance valuation by virtue of their production capacity advantage.

It is worth mentioning that, according to the production process, lithium devices can be divided into front, middle and back sections, and the value of the three stages accounts for 39%, 31% and 30% respectively. According to the above research and report analysis of Zheshang Securities, lithium battery manufacturers are more and more inclined to purchase whole-line equipment directly from upstream equipment manufacturers to ensure the compatibility and coordination between different production links, which puts forward higher requirements for the whole-line R & D and production capacity of equipment enterprises.

Among the relevant domestic manufacturers, the market share of Himuxing power battery laser equipment is 35%, 40%, and has signed an order for 673 million yuan of equipment with Ningde Times.

Li Yuanheng said in an institutional survey on July 15 that the company has established long-term friendly and cooperative relations with Ningde Times, BYD, Honeycomb Energy and Guoxuan Hi-Tech in the field of power lithium batteries.

Nebula shares have received an order from Thuringia of Germany in Ningde era to set up a subsidiary in the United States to continue to open up overseas markets.

Lianwin Laser is a leading supplier of precision laser welding equipment and automation solutions in China.

Since May 7 and July 12 this year, Xianhui Technology has received a total of about 261 million yuan (excluding tax) from various contracts and fixed-point notices of Ningde Times and its subsidiaries.