After successively setting new records in domestic sales,TeslaModel Y models are experiencing the largest recall since delivery. according to”SecuritiesA reporter from the Daily reported that in the first 10 months of 2021, domestic sales of Tesla Model Y reached 106,200, which means that the 21,600 recalled this year accounted for one-fifth of its sales during the year.
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On December 5th, Tesla suppliersTuopu GroupThe announcement stated that the steering knuckles for the Model Y electric vehicles under the recall were directly supplied by the company. The reason for the recall was that the water level of the quenching tank of a heat treatment production line was insufficient, which caused individual products to not be completely immersed in the quenching liquid, resulting in the strength of the steering knuckle or not meeting the design requirements. . Judging by the company’s test results, the probability of this batch of suspicious product defects is about 0.2%-1.0%.
In response, Tuopu Group’s secretary of the board Wang Mingzhen told reporters that the Tesla recall happened suddenly and the company had not obtained any information in advance, but the company has understood the details and evaluated the consequences. The recall is not a major one. The incident will not have an impact on the company’s annual operating performance.
However, affected by the above-mentioned bad news, Tuopu Group dropped its limit on December 3, and its market value evaporated by nearly 6 billion yuan. At the opening of the market on December 6, Tuopu Group’s share price continued to fall. As of the day’s close, the share price was reported to be 54.49 yuan per share, a drop of 4.7%, and the market value dropped to 60 billion yuan.
Recall over 20,000 Model Y models
A few days ago, Tesla (Shanghai) Co., Ltd. filed a recall plan with the State Administration of Market Supervision in accordance with the “Regulations on the Administration of Recalls of Defective Automobile Products” and the “Implementation Measures of the Regulations on the Administration of Recalls of Defective Automobile Products.” Part of the domestically produced Model Y electric vehicles from February 4, 2021 to October 30, 2021, a total of 21,599 units.
The reason for the recall is that the steering knuckle may be deformed or broken due to insufficient strength, causing the suspension link to fall out of the steering knuckle, affecting the controllability of the vehicle and increasing the risk of collision.
The supplier Tuopu Group issued a situation statement on the evening of December 5th, showing that it is confirmed that the steering knuckles for Model Y electric vehicles involved in the recall are directly supplied by the company, and the probability of suspicious product defects is about 0.2%-1.0%.
Although it has admitted that the problem is caused by its own products, Tuopu Group still insists that “because the recall was sudden and the recall has not been completed, the company is temporarily unable to determine the costs involved in the recall. The company estimates based on the number of recalls and defect ratios. It is considered that this recall is a non-significant event and will not have an impact on annual operating results.”
Although Tuopu Group has stated that the company’s recalled products only support Model Y models, in addition to Tesla, Tuopu Group has also becomeauspicious, BYD,BAIC,Great Wall,Wei LaiIt is worth paying attention to whether more manufacturers and models will be involved in a link in the supply chain of companies such as Weimar and Weimar.
Do not rule out the design problem of the whole vehicle
In fact, this is not the first time Tesla has initiated a recall due to steering knuckle issues. It is reported that on November 21 this year, Tesla filed an application with the U.S. Highway Safety Administration to recall some Model Y electric vehicles with a production date between June 16, 2020 and November 10, 2021 in the United States. 826 vehicles.
The reason for the recall is also that the strength of the front and rear steering knuckles of some vehicles may not meet the design requirements. The report shows that among the 826 Model Y models involved in the problem, it is estimated that 1% of them have defects. As for the supplier of the steering knuckle for the American-made Tesla Model Y, it is temporarily unknown.
A person close to Tesla revealed to a reporter from the Securities Daily that Tesla will test the hardness of each batch of supplied parts and package and mark the test results for 10 years. This not only meets the TS16949 standard of the automotive industry, but also And it is convenient for the company to recourse in the future.
Regarding the quality of Model Y steering knuckles, Zhang Xiaoguang, an automotive industry analyst, told a reporter from the Securities Daily that both Tuopu Group and Tesla will conduct multiple batches of destructive inspections on such structural parts, and the report should be archived. It is impossible to not find the problem for a long time. In view of the similar accidents of American-made Tesla, the possibility of defects in the design cannot be ruled out.
In fact, Tuopu Group issued an announcement in August 2016 that the company had received the “Supplier Appointment (Agreement)” issued by Tesla and was approved to supply Tesla with lightweight aluminum alloy chassis structural parts. Become its supplier. Catch Tesla’s “Downwind“Car”, Tuopu Group’s share price trend is gratifying, from 9.07 yuan per share in August 2019, it rose to 68.06 yuan per share in November this year, an increase of 660%, and the market value increased to more than 70 billion yuan.
However,new energy vehiclesThere are also hidden worries behind the high prosperity of the industry chain. Tesla, which adopts a low-price strategy, has strong bargaining and control capabilities over the supply chain.according toTianfeng SecuritiesThe research report shows that in 2020, Tuopu Group’s revenue from Tesla will be 1.1 billion yuan, accounting for about 17% of revenue; Tuopu Group’s revenue from Tesla will be 2.6 billion yuan in 2021, contributing revenue Accounted for 30%. It is worth noting that, regarding this recall, Tesla did not know in advance that it would be Tuopu Group, which caused it to fall into a storm of public opinion.
Today’s “Tesla concept stocks” generally fall into the dilemma of increasing revenue but not profit, and gross profit margins continuing to fall. The “Securities Daily” reporter noted that taking Tuopu Group as an example, behind the high stock price in recent years, the company’s gross profit margin, net profit margin and return on net assets have shown a downward trend. In the first three quarters of 2021, Tuopu Group’s gross profit margin, net profit margin and return on net assets were only 22.69%, 9.68%, and 8.29%, respectively.
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