Force employees to buy “problem batteries” Tesla? The downstairs is full of Model 3!Ningde eraResponse: Nothing
Introduction:Over the weekend, the Ningde era with a trillion market value was revealed. According to online sources, since March, CATL has ordered managers at the level of employees to purchase Model 3, and claimed that the forced employees to purchase these models were due to battery problems and Tesla returned to CATL.
what happened?
Ningde era was exposed to force employees to buy Tesla
Some netizens broke the news that Ningde Times forced manager-level employees to purchase Tesla Model 3, and released a few photos, saying that the current Ningde Times Center Technology Building is full of Teslas.
Some netizens who claimed to be employees said that the CATL was to clear out Tesla’s inventory of “battery problems” as soon as possible before allowing employees to make mandatory purchases.
However, on a certain platform, an employee who claimed to be Ningde Times answered anonymously. He said that he was an employee of Ningde Times, and the vehicles purchased by these forced employees were “Tesla sold to Ningde Times, and Ningde Times sold them to employees. , And requested that the license plate is not allowed to be exchanged or resold within one year.”
In March last year, CATL launched a discount campaign for employees to buy Tesla. Model 3 is 40 to 50,000 cheaper than Tesla’s official store. However, CATL did not force employees to buy at the time, and many employees were eager to try.
The employee also said that the reason why these cars were sold to the Ningde era was because the batteries in this batch were defective. Therefore, Tesla returned to the Ningde era, and the Ningde era was not qualified to sell cars to the outside world and could only adopt the method of internal digestion.
The netizen said that after the news was revealed, even if there was a price concession, employees who wanted to buy also retreated. There are still some “Tesla stock cars” in the Ningde era that have not been cleared.
The netizen also said that in order to clear the inventory as soon as possible, CATL has introduced a new “promotional” method. First: Mandatory managers-level employees to buy Tesla Model 3 in the hands of the company; Second: Employees who have parking spaces in the underground garage, whether they are manager-level or not, if they don’t buy the company’s Model 3, they need to give up the parking spaces. come out.
The Ningde era denied:No quality issues, no mandatory purchases
In response, the relevant person in charge of CATL is responding“Regarding employees buying Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote full electrification. It is not limited to Tesla, including most of the brands we supply.” The person in charge also emphasized, “( (This batch of cars) has no quality problems, and there is no compulsory purchase.”
The person in charge said that in order to promote full electrification, the company encourages employees to buy electric vehicles at preferential prices. This activity has been going on for three years and is held at irregular times each year. Last year was during the National Day.
At the same time, the person in charge also revealed that the preferential car purchase price for employees is 199,000, and there are discounts for high-performance employees; and the person in charge rejected the hotly discussed issues of “battery problems” and “compulsory purchase” by netizens.
Tesla Model 3 has repeatedly cut prices
2020 is the first year of drastic changes on the supply side of new energy vehicles. The qualitative changes on the supply side brought about by Tesla’s localization have stimulated demand, and consumers’ acceptance of new energy vehicles has increased significantly. At the same time, with the rise of new energy forces such as Xiaopeng and Weilai, market competition has become increasingly fierce, and Tesla Model 3 has repeatedly cut prices.
In December 2019, when the domestic Model 3 was delivered for the first time, Tesla announced that the model 3 will be reduced to 323,800 yuan before the subsidy, and the price after the subsidy is 299,050,000 yuan. After the price cut, the Model 3 price was reduced to 30 for the first time. Within ten thousand yuan.
In late April 2020, the “Notice on Improving the Promotion and Application of Financial Subsidy Policies for New Energy Vehicles” was released. The notice requires that the price of new energy passenger vehicles before subsidies must be less than 300,000 yuan (including 300,000 yuan). In early May, Tesla responded to the policy call by reducing the price of the domestically produced Model 3 to 291,800 yuan before the subsidy and 271,55 million yuan after the subsidy.
On October 1, 2020, Tesla announced that the price of the upgraded version of the domestic Model 3 standard battery life will be reduced from 271,55 thousand yuan to 249,900 yuan, and the price of the domestic Model 3 long battery life version will be lowered from 344,050 yuan to 309,000 yuan.
It is worth mentioning that after the price reduction, the domestic Model 3 power battery was switched from the ternary lithium battery produced by LG Chem to the lithium iron phosphate battery produced by the Ningde era. The updated Model 3 standard battery life upgraded version has a comprehensive range under the national standard working condition method. It reaches 468km, which is an increase of 20km compared to the previous ternary battery version.
Prior to this, CATL and Tesla signed a cooperation agreement in 2020. CATL will supply lithium-ion power battery products to Tesla. The validity period of the supply: July 1, 2020 to June 30, 2022 day.
West China SecuritiesThe analysis believes that CATL and Tesla are the global leaders in the middle and lower reaches of new energy vehicles respectively. Both parties continue to invest in high R&D to support the continuous surpassing of technologies. Cooperation represents the integration of pinnacle technologies. Tesla’s launch of the Model 3 using lithium iron phosphate batteries meets Tesla’s demand for continuous cost reduction and continuous reduction of model prices. It is expected that Model 3 will still have room for price reduction as the proportion of localized parts increases.
However, due to the increase in raw material prices, on May 8 this year, Tesla China officially announced that the upgraded version of the domestic Model 3 standard battery life will increase by 1,000 yuan, and the current price is 250,900 yuan. The price of Model3Performance high-performance version remains unchanged, still at 339,900 yuan.
CATL is Tesla’s main partner
The Ningde era, which is the leader in power batteries, is a topic that cannot be avoided in the tuyere of new energy vehicles today.Behind the automakers such as Tesla, Ideal, Weilai, Xiaopeng, etc., there is a common partner: the Ningde era. On May 31, the power lithium battery concept stocks were hot again. CATL surged 5%, and its total market value exceeded 1 trillion yuan, making it the first trillion-dollar market capitalization company on the Growth Enterprise Market.
In early June, according to foreign media reports, CATL was planning to build a large-scale automobile battery factory in Shanghai. The plot is adjacent to the Tesla factory.
Two people familiar with the matter said that the new plant may be located south of Tesla’s Shanghai Pudong New Area Lingang plant. It will recruit 5,000 workers to produce CTC (cell-to-chassis) batteries. The new plant will have an annual production capacity of 80 gigawatts. Time. CATL currently has a production capacity of 69.1 gigawatt-hours and is building a production capacity of 77.5 gigawatt-hours.
The news shows that at present, CATL is negotiating with Tesla on more cooperation. CATL hopes to rapidly expand its cooperative relationship with Tesla. The goal is to become Tesla’s largest battery supplier in the future, providing half of Tesla’s batteries for electric vehicles and rooftop energy storage worldwide.
CATL has been supplying batteries for Tesla Model 3 vehicles in China since 2020. Setting up a factory in Shanghai will bring CATL close to Tesla’s production base in China.
According to sources, in order to retain and recruit employees, CATL is also considering establishing a research center and a global sales and operation center in Shanghai.
In the first quarter of this year, CATL’s battery installed capacity increased by 320.8% year-on-year to 15.1GWh, ranking first, and its market share expanded from 25% in 2020 to 31.5%. Among them, the domestic vehicle installed in the first quarter of 2021 was 12.2GWh, and the domestic market share was about 52.6%.
Its customers are widely distributed, not only including Tesla, BMW, Volkswagen, Toyota and other global leading car companies, but also supporting power battery products for SAIC, Yutong, BAIC, Xiaopeng and other car companies.
On May 20 this year, CATL officially announced that it has reached a strategic cooperation with Daimler Trucks AG and will supply lithium-ion battery packs for Mercedes-Benz electric trucks scheduled to start mass production in 2024. The supply period is It will exceed 2030.
It is worth mentioning that with the rapid increase in installed capacity of the CATL and the continuous increase in customer resources, the market value of CATL has exceeded one trillion, becoming the first stock with a market value of over one trillion on the ChiNext.
In 2018, CATL officially landed on the Growth Enterprise Market and raised 13.12 billion yuan. In the Ningde era, in the middle of the new energy industry chain, it was not well known to consumers at that time. However, due to the market’s optimism about the prospects of new energy and the outbreak of the company’s performance, after the listing of Ningde Times, it is still optimistic and sought after by capital.
The listed price of Ningde shares is 25.14 yuan, and the latest closing price is 450 yuan, with a total market value of 1.0482 billion yuan. In just over three years, it has risen by more than 16 times.
Zeng Yuqun, chairman of the Ningde era, has also risen in net worth. Just in early May of this year, Zeng Yuqun, who was at the helm of the Ningde era, became the new richest man in Hong Kong with a net worth of US$34.5 billion, surpassing Li Ka-shing’s US$34.4 billion.
Nomura Oriental International believes that as more auto brands enter the new energy vehicle market, CATL will benefit from the performance advantages of its batteries, and its market position in the relevant industry chain will be further highlighted. The company has continued to expand its production capacity in recent years, which will also help it maintain its market position and strong bargaining power. With the epidemic under control, the overseas new energy vehicle market will also develop rapidly, or become a new source of growth power after 2022.
Century Securities stated that under the new energy structure, energy storage has become a key node of the energy Internet. Lithium energy storage is the most promising energy storage method. It is close to an economic turning point and is expected to achieve integrated solar storage parity by 2030. CATL has entered the ten-year trillion-dollar track ahead of schedule. It has been developing and innovating for many years, and cooperating with multiple parties to build a complete energy storage industry system. The rapid development of energy storage business will become another engine driving the company’s growth.
According to data from the Passenger Association, in 2020, the annual sales volume of Tesla Model 3 made in China was 137,459, which is mid-2020.Guoxin EnergyCar sales champion.
In addition, domestic Tesla has also become an important source of goods for the global market. At the end of 2020, the Tesla Model 3 produced in Shanghai arrived at European ports. These vehicles will be sold in European countries such as Germany, France, Italy, Spain, Portugal, and Switzerland.
From January to April this year, Tesla’s cumulative sales in the Chinese market reached 95,125 vehicles. In May of this year, Tesla delivered 33,463 vehicles in the Chinese market, an increase of 29.5% month-on-month. If the exported 11,527 vehicles are excluded, the retail volume in China would be 21,936.
Such good sales can naturally drive the performance of the Ningde era to rise steadily. As a result, on the last day of May, CATL became the first trillion-dollar stock market capitalization on the Growth Enterprise Market, and ranked 8th in the A-share market value rankings.
In June of this year, there was even news that CATL plans to build a super battery factory south of the Tesla factory in Lingang, which aims to support Tesla’s global automotive and energy storage business batteries. CATL has not set any plans for this. Comment.
Tesla’s future vision is on quaternary lithium batteries?
At present, the mainstream domestic car batteries are ternary batteries and lithium iron phosphate batteries. According to the statistics of the China Automobile Association, the total installed capacity of ternary batteries in the Chinese auto market from January to April 2021 is 19GWh, accounting for 60% of the total installed vehicles. %, an increase of 173.4% year-on-year; the cumulative installed volume of lithium iron phosphate batteries was 12.6GWh, accounting for 39.8% of the total installed vehicles, an increase of 455.9% year-on-year; other types of power batteries accounted for about 0.2% of the total installed vehicles.
The ternary lithium battery and the lithium iron phosphate battery happen to be the “strengths” of the Ningde era. According to the data of Century Securities, the Ningde era ranks first in both markets.
However, the deployment of a large amount of production capacity on ternary lithium and lithium iron phosphate also brings a hint of worry to the future of the Ningde era.
In June of this year, according to the Shanghai Securities News, it was reported that Tesla was planning to use LG Chemical’s NCMA quaternary lithium batteries in the domestic Model Y models. The battery contains up to 90% nickel, and the cobalt content is expected to drop significantly. Affected by this news, on June 7, CATL’s stock price fell sharply by 5.72%.
The NCMA battery refers to a quaternary battery that uses nickel, cobalt, manganese, and aluminum as the positive electrode. It is expected to reduce the cobalt content by 70% compared with the traditional ternary battery while increasing the nickel content. The addition of aluminum can help improve the cruising range and stability of electric vehicles under the premise of high nickel. LG Chem’s NCMA quaternary lithium battery has a capacity of 50-200KWh and can support up to 400 miles (about 644 kilometers) of cruising range, which is close to the cruising range of the Tesla Model 3 long-range rear-wheel drive version.
“Battery generation has new products, and each leads the way for two to three years.” Senior automotive industry analyst Mei Songlin analyzed that all parties have high expectations for the quaternary lithium battery NCMA. On the one hand, due to the substantial increase in the proportion of the fourth element aluminum and nickel, which greatly reduces the proportion of cobalt as the cathode material, it is expected that the cobalt content of mainstream ternary batteries will be significantly reduced based on the 20% cobalt content level of the current mainstream ternary battery, thereby achieving cost reduction. On the other hand, with the substantial increase in nickel production capacity in Indonesia, it is also expected to reduce the cost of nickel within one or two years. With a two-pronged approach, the market’s new demand for power batteries is expected to shift from the current thriving lithium iron phosphate battery to the quaternary lithium battery NCMA.
It is worth noting that Korean manufacturers, represented by Samsung and LG Chem, are now recovering strongly and are expected to reach their peak production capacity around 2022. This casts a shadow on the next market expansion in the CATL era.
In this regard, Ningde Times has put the “infusion” on energy storage batteries. According to the chairman of the Ningde Times, Zeng Yuqun, the Ningde Times is developing solid-state batteries and sodium-ion batteries simultaneously. It will release sodium batteries around July this year. Technical reasons “Commercialization will take a long time.”
There is a view that CATL’s release of sodium-ion batteries may be aimed at broad prospects in the field of energy storage. Grabbing the energy storage market means that CATL can obtain a new profit pool. On the other hand, if all sodium-ion batteries are used in the energy storage field, the demand for lithium carbonate is expected to decrease by nearly 20%, which will greatly ease the supply of raw materials and price pressures in the power battery field.
In addition, more and more OEMs do not want the power battery field to be in a dominant position. After all, the monopoly of upstream batteries is very detrimental to the cost control of downstream car manufacturers. Therefore, almost all new energy vehicle manufacturers will choose to support the second battery supplier.
For example, Tesla handed over the order to Ningde and Panasonic; and for example, BMW of Germany just announced that it would hand over the order to domesticYiwei Lithium Energy, Arranged a second power battery supplier in China besides CATL.
Source丨Public information, Century Chenglian,Oriental wealthNet, Shanghai Securities News, Every Economics, Securities Times, etc.
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