Power lithium battery upgrade -Lithium - Ion Battery Equipment
Recently, the latest ranking of the market value of auto manufacturers shows that BYD has surpassed Volkswagen Group with a total market value of US $129.23 billion and jumped to the third place in the list, becoming the only Chinese auto manufacturing company with a market value ranking among the top ten auto manufacturers in the world. On June 10, BYD's share price rose by more than 8% and closed at 348.80 yuan/share, with a total market value of 1.02 trillion yuan, officially breaking the trillion yuan threshold. So far, the market value gap between BYD and A-share "king of new energy" CATL has further narrowed. On June 13, the market value gap between BYD and CATL narrowed to about 10 billion yuan.(Lithium - Ion Battery Equipment)
As the two giants in the field of new energy vehicles, CATL and BYD often become the object of comparison among investors. Since this year, BYD's catch up with CATL has never stopped. In the view of industry insiders, this increase in BYD's sales performance has led to a strong rise in its share price, which means that the battle for the title of "the first brother" of battery has been upgraded again.
BYD "step by step"
In the view of industry insiders, BYD's market value of more than one trillion yuan is of milestone significance. The self-sufficient supply chain system brings BYD huge cost advantages. In the future, BYD's profit margin is expected to further improve.
Behind the trillion-dollar market value is a series of bright transcripts such as orders, performance and supply. According to the data released recently by BYD, its new car sales reached 114943 in May, up 148.28% year on year, a record high. Since March this year, BYD has maintained a record of "100000+" sales in a single month for three months.
Similarly, BYD's performance in the power lithium battery business is also very eye-catching. In April this year, the market share of BYD power lithium battery increased by nearly 13 percentage points from 19.24% in March to 32.18%.
Cui Dongshu, Secretary-General of the Federation of Passenger Transport, believed that BYD's sales volume soared and was recognized by the capital market, which was mainly due to the breakthrough in technology. "After BYD broke through the electric hybrid technology, it was recognized by the market. Everyone believed that BYD's technology was advanced. In addition, another reason for the sharp increase in sales was that its supply chain was relatively stable and could resist some external risks."
Against this background, BYD's performance ushered in a strong explosion. In the first quarter of this year, the revenue reached 66.825 billion yuan, up 63.02% year on year; The net profit attributable to the parent company was 808 million yuan, a year-on-year increase of 240.59%.
The two giants have their own advantages
The lithium battery industry is highly concentrated, and the market share of the top five power lithium batteries exceeds 80%. Among them, CATL and BYD alone account for nearly 70% of the market share, and the competition between them has also entered the white-hot stage.
On the whole, both sides have their own advantages. Both CATL and BYD attach great importance to R&D, and the R&D investment of CATL in recent three years has increased year by year, which is significantly higher than that of other battery companies. Although BYD's R&D costs are higher than CATL's, they flow not only to the battery business, but also to cars and electronics.
In terms of battery technology route, CATL is in a leading position in material upgrading, structural process innovation and other aspects. Compared with the extensive layout of CATL, BYD's development goal is more focused: focusing on the structural innovation of lithium iron phosphate battery. The performance and output of its blade battery are not inferior to those of CATL products, and even have the potential to surpass.
According to the data released by China's Automotive Power Lithium Battery Industry Innovation Alliance, BYD's lithium iron phosphate battery load in April this year was 4.19 gigawatts, up 5.3% month-on-month, and the market share rose to 47.1%, surpassing CATL for the first time and winning the championship. "Blade batteries have begun to be supplied to the whole industry. In the future, blade batteries will be successively carried on new energy vehicles of various mainstream brands at home and abroad," said Wang Chuanfu, chairman of BYD.
As the two giants in the field of new energy vehicles, CATL and BYD often become the object of comparison among investors. Since this year, BYD's catch up with CATL has never stopped. In the view of industry insiders, this increase in BYD's sales performance has led to a strong rise in its share price, which means that the battle for the title of "the first brother" of battery has been upgraded again.
BYD "step by step"
In the view of industry insiders, BYD's market value of more than one trillion yuan is of milestone significance. The self-sufficient supply chain system brings BYD huge cost advantages. In the future, BYD's profit margin is expected to further improve.
Behind the trillion-dollar market value is a series of bright transcripts such as orders, performance and supply. According to the data released recently by BYD, its new car sales reached 114943 in May, up 148.28% year on year, a record high. Since March this year, BYD has maintained a record of "100000+" sales in a single month for three months.
Similarly, BYD's performance in the power lithium battery business is also very eye-catching. In April this year, the market share of BYD power lithium battery increased by nearly 13 percentage points from 19.24% in March to 32.18%.
Cui Dongshu, Secretary-General of the Federation of Passenger Transport, believed that BYD's sales volume soared and was recognized by the capital market, which was mainly due to the breakthrough in technology. "After BYD broke through the electric hybrid technology, it was recognized by the market. Everyone believed that BYD's technology was advanced. In addition, another reason for the sharp increase in sales was that its supply chain was relatively stable and could resist some external risks."
Against this background, BYD's performance ushered in a strong explosion. In the first quarter of this year, the revenue reached 66.825 billion yuan, up 63.02% year on year; The net profit attributable to the parent company was 808 million yuan, a year-on-year increase of 240.59%.
The two giants have their own advantages
The lithium battery industry is highly concentrated, and the market share of the top five power lithium batteries exceeds 80%. Among them, CATL and BYD alone account for nearly 70% of the market share, and the competition between them has also entered the white-hot stage.
On the whole, both sides have their own advantages. Both CATL and BYD attach great importance to R&D, and the R&D investment of CATL in recent three years has increased year by year, which is significantly higher than that of other battery companies. Although BYD's R&D costs are higher than CATL's, they flow not only to the battery business, but also to cars and electronics.
In terms of battery technology route, CATL is in a leading position in material upgrading, structural process innovation and other aspects. Compared with the extensive layout of CATL, BYD's development goal is more focused: focusing on the structural innovation of lithium iron phosphate battery. The performance and output of its blade battery are not inferior to those of CATL products, and even have the potential to surpass.
According to the data released by China's Automotive Power Lithium Battery Industry Innovation Alliance, BYD's lithium iron phosphate battery load in April this year was 4.19 gigawatts, up 5.3% month-on-month, and the market share rose to 47.1%, surpassing CATL for the first time and winning the championship. "Blade batteries have begun to be supplied to the whole industry. In the future, blade batteries will be successively carried on new energy vehicles of various mainstream brands at home and abroad," said Wang Chuanfu, chairman of BYD.
