Soochow Securities: CATL’s production expansion and acceleration will lead the industry in a new cycle of expansion

　　Soochow Securitiesthink,Ningde eraSpeeding up production expansion is the industry’s vane and will lead a new cycle of industry expansion. According to statistics, as of August 2021, CATL’s new battery capacity plan reaches 485GWh, corresponding to a total investment of 144.9 billion yuan, and a corresponding equipment investment of 98.4 billion yuan. The remaining six leading battery plants have also started large-scale expansion. According to estimates, the seven leading battery plants are expected to expand production by 958GWh in the next three years, and the investment in new equipment will reach 289.3 billion yuan. Power battery and electric vehicle industry leaders are using different methods to lock upstream and downstream resources. Among them, equipment companies have fewer competitors and have scarcity valuation premiums, which will gradually appear as the peak of production expansion reaches.Re-recommend the leader of the whole line equipment with the whole line supply capacityLeading Intelligence, The leading back-end equipment that will benefit most from expansion after the overseas epidemic is overHangke Technology, Intensively cultivate the power battery system integration, benefiting from the increase in the automation rate of PACKPriority Technology, It is recommended to pay attention to:Li Yuanheng、United Win Laser、Sea star、Slack、Nebula。

(Source: Securities Times Net)

Article source: Securities Times

Editor in charge: DF557

Original title: Soochow Securities: CATL’s production expansion and speeding up as an industry benchmark will lead a new cycle of industry expansion