2021 global power battery installed capacity TOP10 released in Ningde era to regain the dominant position!

According to the latest data released by South Korean research institution SNE Research, the total battery capacity of electric vehicles registered around the world in 2021 is 296.8GWH, more than double that of the previous year (102.18%).

SNE pointed out that despite the shortage of semiconductors and the re-spread of coronavirus and other adverse factors, the power battery sector began to recover in the third quarter of 2020 and still maintains a steady high growth trend.

The TOP10 of global power battery installed in 2021 are: Ningde era, LG New Energy, Panasonic, BYD, SK On, Samsung SDI, AVIC New Airlines (AVIC Lithium), Guoxuan Hi-Tech, Vision Power, Honeycomb Energy.

Data source: SNE Research, tabulation: Vico Lithium

As can be seen from the above table, Chinese companies account for six of the top ten enterprises in the world. In addition to the long-term power mainly supporting international car enterprises, the other five Chinese enterprises Ningde Times, BYD, China New Airlines, Guoxuan Hi-Tech and Honeycomb Energy have all grown in multiple scales.

Ningde era

The leading position of Ningde era is solid, and its market share has increased significantly from 24.60% in 2020 to 32.60%.

On January 27th, Ningde Times issued the "Annual performance Forecast for 2021": the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with a year-on-year increase of 150.75% to 195.52%.

Vike Lithium noted that in the first three quarters of 2021, the net profit of Ningde era was 7.751 billion yuan. With the median forecast performance of 15.25 billion yuan, the net profit of Ningde Times in the fourth quarter of 2021 reached 7.5 billion yuan, that is, the net profit of a single fourth quarter, equivalent to the sum of the first three quarters.

In terms of production capacity, according to incomplete statistics, the Ningde era has now landed 10 production bases around the world, including Ningde in Fujian, Xiamen in Fujian, Liyang in Jiangsu, Xining in Qinghai, Yibin in Sichuan, Zhaoqing in Guangdong, Lingang in Shanghai, Yichun in Jiangxi, Gui'an in Guizhou and Tulingen in Germany. In addition to the joint venture production capacity with car companies, the total planned production capacity of Ningde era exceeds that of 700GWh.

In terms of orders, the Ningde era has locked a number of long orders one after another since 2021. Including winning Geely's Zhejiang Vision 57GWh order, American Fisker's 3-year total 15GWh order, American commercial electric vehicle ELMS order, Jinkang New Energy 5-year order, Tesla 4-year order, signing 10-year long-term strategic cooperation agreement with Great Wall Motor, 7-year Mercedes-Benz commercial vehicle order, FAW liberation 5-year order and increasing supply to BMW, Volkswagen, Hyundai, Rolls-Royce and so on.

BYD

BYD ranks fourth in the world with a year-on-year increase of 167.70% in the installed capacity of 26.3GWh power batteries.

According to the latest news, in January 2022, BYD sold 95180 passenger cars, an increase of 126.1% over the same period last year. Among them, the sales of new energy passenger vehicles were 92926, an increase of 367.6% over the same period last year, accounting for more than 98% of the total brand sales, both in terms of volume and growth rate far surpassed that of other brands.

In other words, BYD not only achieved good results in 2021, but also got off to a good start in 2022.

In terms of production capacity, including Xiangyang, BYD has completed or planned to build 17 production bases, with a total production capacity far exceeding that of 400GWh.

Among them, the completed bases are Qinghai Xining (24GWh), Huizhou (2GWh), Shenzhen Pingshan (14GWh), Chongqing Bishan (45GWh), Xi'an Hi-tech (50GWh), Changsha Ningxiang (20GWh), Guizhou Guiyang (20GWh) and Anhui Bengbu (20GWh).

In 2021, BYD also expanded eight production bases, including Jinan in Shandong, Wuwei in Anhui, Yancheng in Jiangsu, Wuhan in Hubei, Shengzhou in Shaoxing, Ningbo in Zhejiang, Chuzhou in Anhui and Fuzhou in Jiangxi, with a total new production capacity of 205GWh.

In terms of external supply of power batteries, FAW Hongqi E-QM5 is equipped with blade batteries, a pure electric model of Changan, and two models of Jinkang and BAIC are also equipped with BYD blade batteries. In addition, BYD is said to be in contact with Tesla, Ford, Volkswagen, Daimler, Hyundai and other international car companies.

On Feb. 7, some investors asked on the interactive platform: "how far is the Freddy Battery ipo project going, and what year is it expected to be available on the market?" In response, BYD replied: "Please refer to the company's public release for relevant information."

China New Airlines

Sinotrans ranked seventh, with a year-on-year growth rate of 130.50% for the whole of 2021.

Zhongchuang Sina Airlines is developing at a high speed: on January 26th, it signed a project investment cooperation agreement with the people's Government of Jiangmen City, and the 50GWh industrial base officially settled in Jiangmen City; on January 25th, it signed a contract with the people's Government of Huadu District, Guangzhou City, and the 50GWh base settled in Huadu City, Guangzhou.

At present, Zhongchuang Xinhang has set up nine industrial bases in Changzhou, Luoyang, Xiamen, Chengdu, Wuhan, Hefei, Heilongjiang, Guangzhou and Jiangmen, forming five major industrial base clusters in the Pearl River Delta, the Yangtze River Delta, the southwest region, the central region and the northeast region.

In terms of production capacity, Sinovel's planned production capacity in 2025 is 500GWh.

In terms of customers, from the point of view of the matching of the new car-building forces, Zhongchuang Xinhang has been designated all the models of Xiaopeng cars, and has realized the matching of power batteries for Xiaopeng P5/P7 production models; in zero-running cars, the power batteries of zero-running C11 models are supplied by Zhongchuangxin Airlines alone.

From the point of view of the matching of traditional car enterprises, Sinovel has been equipped with Guangzhou Automobile, Changan, Guangfeng, Guangben, SAIC GM Wuling, Geely and other mainframe factories. For example, Zhongchuang Xinhang has become the largest battery supplier to GAC and Changan, with battery permeability as high as 90% or more. The main supporting models are GAC Eian series, Hongguang MINI, Mercedes-Benz E-Star and other popular models and models.

Guoxuan high-tech

On December 20, 2021, Guoxuan Hi-Tech announced that its overseas wholly-owned grandson company had reached a strategic supply and localization agreement with a large listed automobile company in the United States, which expects to purchase lithium iron phosphate batteries no less than 200GWh from Guoxuan Hi-Tech in 2023-2028.

It is understood that Guoxuan Hi-Tech has built 10 major production bases in Hefei, Hefei Economic Development District, Hefei New Station, Lujiang, Nanjing, Qingdao, Tangshan, Nantong, Liuzhou, Yichun and other places.

On December 17th, Guoxuan Hi-Tech updated its production capacity planning, which will continue to build or expand on the basis of the existing 10 production bases, and plans to reach 100GWH capacity by the end of 2022. It is planned that the new production will exceed 50GWh.

Prospective power

Vision Power ranks ninth, although it has the lowest year-on-year growth rate, but its potential is still huge.

On February 7, 2022, the groundbreaking ceremony for the second phase of the Vision Power Battery Manufacturing Base was held in Wuxi. It is reported that the second phase of the Vision Power Battery Manufacturing Base will produce the latest generation of high-quality power battery products, with a planned production capacity of more than 15GWH, which will be completed and put into production in 2023.

In addition to Wuxi, Vision is also building 20GWh energy storage and power battery capacity and industrial chain ecological projects in the world's first zero-carbon industrial park, "Vision Ordos Zero-carbon Industrial Park", which will provide power batteries for more than 30, 000 electric heavy trucks every year and provide super-10GWh energy storage battery products.

Previously, Vision AESC invested more than $1.8 billion with Nissan to build two new battery plants, with the goal of supplying adequate batteries to 700000 electric vehicles a year, which is expected to start producing batteries as early as 2024 and supplying batteries to the entire Renault-Nissan-Mitsubishi alliance. Together with existing factory capacity, it is expected to produce as many as 900000 electric vehicles a year.

The news on June 17, 2021 shows that Vision AESC Group is talking about going public in the United States in 2025 to raise funds so as to compete with Ningde Times and other companies.

Honeycomb energy

The biggest year-on-year increase was Honeycomb Energy, which reached 430.80% because of its small base in 2020 and rapid growth in 2021.

It is understood that Honeycomb Energy Technology Co., Ltd. recently conducted a listing guidance and filing in Jiangsu Securities Regulatory Bureau. It was previously reported that Honeycomb Energy is expected to complete the declaration of Science and Technology Innovation Board in the first half of 2022, and the listing guidance brokerage is Citic Securities.

In terms of production capacity, so far, honeycomb energy production capacity under construction has reached 287GWh. Among them, the domestic 257GWhs are distributed in Chengdu, Suining, Changzhou, Huzhou, Maanshan, Yancheng, Nanjing, Shangrao, Shanghai and other cities. Overseas, Germany is building production capacity 30GWh.

It is reported that around the goal of 600GWh in 2025, Honeycomb Energy will add 100GWh every year from 2023 to 2025. These include the expansion of the energy storage base 20GWH in the northwest, 87GWH in the southwest base (Chengdu and Suining), 80GWH in the northern region (Shandong and Henan), and 38GWH in the Yangtze River Delta region; in addition to the production capacity of 30GWh in Europe, it is planned to build 20GWh in South America / India / ASEAN.

Other

In the world's top 10, there are three South Korean companies, they are LG New Energy, SK On and Samsung SDI. The three South Korean companies have mixed feelings, with a total share of 30.4 per cent, slightly lower than in 2020.

But in 2021, when Chinese companies launched a large-scale offensive, all three South Korean companies achieved more than double-digit growth.

Among them, LG New Energy followed the Ningde era, maintaining the second place in terms of installed capacity 60.2GWh, with an increase of 75.51% over the same period last year, and its market share reached 20.3%. SK On got the fifth good result of the year for the first time, with 16.7% installed capacity, an increase of 106.17% over the same period last year. Samsung SDI ranked sixth with 13.2 GWH installed, an increase of 55.29% over the same period last year.

It is worth noting that the growth rate of most Japanese companies, including Panasonic, is below the market average and their market share has declined. However, Panasonic still ranks third in the world in terms of 36.1GWh installed capacity.

In addition, the latest SNE data show that the global battery use of electric vehicles was 43.7 GWH in December 2021, an increase of 53.2% over the same period last year. This marks the 18th consecutive month of growth.

Finally, although Chinese power battery enterprises have made outstanding achievements in the global market in 2021, 2022 is a new beginning. Problems such as the acceleration of overseas expansion of the world's major power battery companies and the shortage of semiconductors still exist in the new year. Whether Chinese enterprises can continue to perform well in the face of various threats has attracted much attention.