my country's battery technology output -Lithium - Ion Battery Equipment
For Chinese power battery manufacturers, investing in and building factories in the hinterland of Europe is becoming more and more fashionable, and it is also a symbol of strength. Up to now, only the three companies of CATL, Funeng Technology, and Honeycomb Energy have deployed more than 130GWh of battery capacity in Europe, which is about twice the current total installed capacity of power batteries in China.
Among them, CATL is the first Chinese battery company to set up factories in Europe. Its battery factory in Germany has officially started construction a year ago. The investment in the factory is close to 1.8 billion euros (about 14.2 billion yuan), and it is planned to reach 2022. Achieve 14GWh of production capacity and 100GWh of production capacity by 2026.(Lithium - Ion Battery Equipment)
Coincidentally, the European factories of Funeng Technology and Honeycomb Energy are also located in Germany. Funeng Technology has invested about 600 million euros (approximately RMB 4.8 billion), and it is planned to be completed and put into operation by the end of 2022, with a planned production capacity of 10GWh. Honeycomb Energy will invest 2 billion euros (about 15.5 billion yuan) and plan to produce batteries that can be used for 300,000 to 500,000 electric vehicles per year. It will be completed and put into production in 2023, with an annual production capacity of 24GWh.
In fact, there are far more Chinese battery manufacturers planning to build factories in Europe than the above-mentioned ones. It is reported that Envision AESC is planning to build a super battery factory in Europe, and it is said that it may be located near Nissan's Sunderland factory. In addition, BYD is also rumored to be planning to build its first battery factory in Europe in the UK.
At present, the European new energy vehicle industry is developing rapidly. In the first three quarters of 2020, the sales of new energy vehicles in Europe reached 880,000 units, a year-on-year increase of 195%. And the sales volume in the fourth quarter is still vigorous, and it is expected to surpass China to become the world's largest new energy vehicle market. According to PricewaterhouseCoopers, by 2035, the sales of new energy vehicles in the European market will account for 67%.
In this situation, the strong market demand has led to an increase in the capacity gap of power batteries in Europe. Volkswagen expects that its company will need 150GWh of power batteries in Europe alone by 2025, and the French government also predicts that the demand for power batteries by local car companies will be as high as 170GWh in 2030. According to market research firm SNE, the demand for electric vehicle batteries in Europe is expected to be 406GWh by 2023, while the supply is expected to be 335GWh, a shortage of about 18%; by 2025, the supply shortage will expand to about 40%.
01
Ningde/Funeng/Honeycomb/BYD/Yiwei/Xinwangda/Wanxiang won major international orders
As the saying goes, "The wolf travels thousands of miles to eat meat, and the eagle strikes thousands of miles to fly."
Obviously, the reason why China's power battery "Tiger and Wolf Master" has traveled thousands of miles to Europe to build factories is undoubtedly based on the huge demand gap for power batteries brought by the electrification of European car companies. However, this is only one level of reason. On the other hand, the most direct reason is that most of these battery companies have received orders from European car companies.
Needless to say, the Ningde era was the first to build factories in Europe. As early as May 2018, CATL entered the Daimler battery supply chain system; in July of the same year, BMW announced that it would purchase 4 billion euros of batteries from CATL, of which 1.5 billion would come from CATL's new factory in Germany. . In 2019, BMW and CATL signed an order of 3.3 billion euros, and the total order between the two parties increased to 7.3 billion euros. At the same time, CATL has successively established cooperative relations with many European car companies such as Jaguar Land Rover, Volkswagen, Volvo and Bosch.
Also in 2018, Funeng Technology, which mainly focuses on soft-pack batteries, also signed an order agreement with Daimler, with a time span of 10 years and a cumulative battery of more than 170GWh. In October 2020, Funeng Technology officially announced that it had signed a cooperation agreement with TOGG, the first pure electric vehicle brand in Turkey.
Among them, CATL is the first Chinese battery company to set up factories in Europe. Its battery factory in Germany has officially started construction a year ago. The investment in the factory is close to 1.8 billion euros (about 14.2 billion yuan), and it is planned to reach 2022. Achieve 14GWh of production capacity and 100GWh of production capacity by 2026.(Lithium - Ion Battery Equipment)
Coincidentally, the European factories of Funeng Technology and Honeycomb Energy are also located in Germany. Funeng Technology has invested about 600 million euros (approximately RMB 4.8 billion), and it is planned to be completed and put into operation by the end of 2022, with a planned production capacity of 10GWh. Honeycomb Energy will invest 2 billion euros (about 15.5 billion yuan) and plan to produce batteries that can be used for 300,000 to 500,000 electric vehicles per year. It will be completed and put into production in 2023, with an annual production capacity of 24GWh.
In fact, there are far more Chinese battery manufacturers planning to build factories in Europe than the above-mentioned ones. It is reported that Envision AESC is planning to build a super battery factory in Europe, and it is said that it may be located near Nissan's Sunderland factory. In addition, BYD is also rumored to be planning to build its first battery factory in Europe in the UK.
At present, the European new energy vehicle industry is developing rapidly. In the first three quarters of 2020, the sales of new energy vehicles in Europe reached 880,000 units, a year-on-year increase of 195%. And the sales volume in the fourth quarter is still vigorous, and it is expected to surpass China to become the world's largest new energy vehicle market. According to PricewaterhouseCoopers, by 2035, the sales of new energy vehicles in the European market will account for 67%.
In this situation, the strong market demand has led to an increase in the capacity gap of power batteries in Europe. Volkswagen expects that its company will need 150GWh of power batteries in Europe alone by 2025, and the French government also predicts that the demand for power batteries by local car companies will be as high as 170GWh in 2030. According to market research firm SNE, the demand for electric vehicle batteries in Europe is expected to be 406GWh by 2023, while the supply is expected to be 335GWh, a shortage of about 18%; by 2025, the supply shortage will expand to about 40%.
01
Ningde/Funeng/Honeycomb/BYD/Yiwei/Xinwangda/Wanxiang won major international orders
As the saying goes, "The wolf travels thousands of miles to eat meat, and the eagle strikes thousands of miles to fly."
Obviously, the reason why China's power battery "Tiger and Wolf Master" has traveled thousands of miles to Europe to build factories is undoubtedly based on the huge demand gap for power batteries brought by the electrification of European car companies. However, this is only one level of reason. On the other hand, the most direct reason is that most of these battery companies have received orders from European car companies.
Needless to say, the Ningde era was the first to build factories in Europe. As early as May 2018, CATL entered the Daimler battery supply chain system; in July of the same year, BMW announced that it would purchase 4 billion euros of batteries from CATL, of which 1.5 billion would come from CATL's new factory in Germany. . In 2019, BMW and CATL signed an order of 3.3 billion euros, and the total order between the two parties increased to 7.3 billion euros. At the same time, CATL has successively established cooperative relations with many European car companies such as Jaguar Land Rover, Volkswagen, Volvo and Bosch.
Also in 2018, Funeng Technology, which mainly focuses on soft-pack batteries, also signed an order agreement with Daimler, with a time span of 10 years and a cumulative battery of more than 170GWh. In October 2020, Funeng Technology officially announced that it had signed a cooperation agreement with TOGG, the first pure electric vehicle brand in Turkey.
