Camel shares: the company's battery products have basically covered the new energy vehicles of traditional car companies to enter the field of energy storage.

SMM: as a well-known lead battery manufacturer in China, Camel recently said on the investor interactive platform that the company's lead-acid battery as an auxiliary battery is now suitable for a number of new energy vehicles on the market, basically covering all the new energy vehicles of traditional car companies.

Camel said that the company's auxiliary battery products include lead-acid batteries and lithium batteries, which can be provided according to the needs of customers. According to Camel, the company's sales of auxiliary batteries for new energy vehicles were good in the first half of 2021, up about 185% from a year earlier. So far, the company's main customers include SAIC-Volkswagen, FAW-Volkswagen, Geely, Great Wall and many other well-known car companies. In addition, other new energy car companies are also actively docking.

Public data show that Camel shares was founded in 1980, is a professional engaged in advanced battery research and development, production, sales, recycling of comprehensive high-tech enterprises. As the only domestic company in the field of automotive battery manufacturing and recycling, Camel ranks first in China in terms of automotive lead-acid battery production capacity, sales and market share.

With the continuous promotion of carbon peak and carbon neutralization, Camel also began to lay out the field of energy storage while continuing to develop the field of lead-acid batteries. On November 17, Camel announced that the company intends to cooperate with three Gorges Electric Energy Management (Hubei) Co., Ltd. in photovoltaic projects and energy storage projects. The two sides intend to jointly achieve the goals of no less than 150MW distributed photovoltaic projects and no less than 1GWh energy storage projects by 2025.

According to the cooperation agreement, Camel will provide energy storage package services for three Gorges Electric Power, which is a key step for Camel to enter the energy storage field.

It is worth mentioning that in the first three quarters of 2021, thanks to the efficient operation of the company's "lead-acid battery recycling industry chain", the net profit of shareholders belonging to listed companies reached 674 million yuan in the first three quarters of 2021, up 49.65% from the same period last year.

According to SMM's previous research, since mid-August, the monthly operating rate of domestic lead-acid battery companies has increased slowly, domestic sales have increased, and the export business of lead-acid batteries has also risen rapidly. At present, China's electric vehicle market is in a mature stage, and it is expected that the number of electric vehicles will continue to increase in the future, which will support lead consumption.

As for the trend of lead prices in 2022, SMM believes that lead oversupply is expected to continue in 2022, and the center of gravity of lead prices will continue to shift downward in the long run. Among them, recycled lead has both positive and negative factors at the same time, lead prices pay attention to the cost support of recycled lead in the process of rapid decline, lead prices pay attention to the flat level of fine waste price difference in the rising process, and the negative price difference exceeds 300 yuan / ton, showing a short signal. "View details

As of November 26, the spot price of SMM lead ingots averaged 15275 yuan per ton, up 3.6 per cent from the beginning of the year, according to SMM spot quotations.

"Click to view the price of SMM lead products

Although the replacement of lead batteries by the rapid development of the lithium industry has become a long-term problem for lead consumption, and Camel shares have also laid out the lithium battery industry chain at the same time, from a market point of view, if the introduction of new policies is excluded from the absolute guidance to the market, SMM expects that there will be no subversive changes in the next 1-2 years.