China's power lithium battery investment decreased year-on-year

Miao Miao, Minister of the Ministry of Industry and Information Technology, said in April 2013 that the subsidy will be subsidized according to the effect of fuel economy, and the subsidy will be further increased. The vehicle subsidy policy continues to bring hope to power battery industry personnel, and the company’s investment projects will continue to maintain continuity in order to quickly occupy the market in the promotion of new energy automobile industry.

Policy warm air blows According to the Institute of Lithium-ion Batteries Industry (GBII), the policy has been sorted out. Since 2010, the State Council, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology and other central ministries and commissions have issued more than 16 policies related to new energy vehicles. In 2012, the country's goal of specifying new energy vehicles was that the cumulative production and sales volume of pure electric vehicles and plug-in hybrid vehicles reached 500,000 vehicles.

In April 2013, the Ministry of Science and Technology and the National Development and Reform Commission organized the “12th Five-Year National Major Innovation Base Construction Plan.” New energy vehicles were included in the construction of 15 to 20 major national innovation bases during the “Twelfth Five-Year Plan” period. in.

National institutions from the reduction of tax rate, increase of subsidies, increase of project funds and other policies to support the development of new energy vehicles, in addition, Guangdong, Shanghai, Beijing, Jiangsu and other governments have also introduced local related policies to promote the development of new energy vehicles.

In December 2012, Shanghai issued the Interim Measures for the Administration of Privately-purchased Pilot Financial Assistance Funds for New Energy Vehicles, and increased efforts to promote new energy vehicles, including up to 40,000 yuan in subsidies and free access to license plates of up to 90,000 yuan. .

In April 2013, the Guangdong Provincial Development and Reform Commission formally issued the “Guangdong Province New Energy Vehicle Industry Development Plan (2013-2020)” and proposed that by 2015, the comprehensive production capacity of new energy vehicles will reach more than 200,000 units, and the cumulative production and sales volume will strive to achieve 50,000 vehicles.

In April 2013, the Jiangsu Economic and Information Technology Commission issued the 2013 Jiangsu New Energy Vehicle Industry Development Action Plan, stating that the first batch of pilot cities, such as Nanjing, Suzhou and Nantong, will strive to newly operate 200 new energy vehicles. To expand the scope of pilot cities, pilot cities such as Yancheng and Yangzhou will strive to operate 100 new energy vehicles.

Beijing is formulating an incentive policy for individuals to purchase new energy vehicles. It will be introduced in the near future. According to relevant sources, private purchases of pure electric passenger cars will not require a shake, and will increase the attractiveness of new energy vehicles.

Policy Drives Lithium Battery Power Investment Central and local governments have announced policies to promote the development of new energy vehicles. Power lithium batteries are the core components of new energy vehicles, and the development of new energy vehicles has a positive effect on them. The Institute of High Industry and Industry has statistics on new investment projects from 2009 to 2013. From 2009 to 2012, the total amount of proposed investment announced by the company's projects is as high as 63 billion yuan, and the planned production capacity will reach 21.0 billion ampere-hours. In 2012, the company’s project announced a planned investment of 17 billion yuan, and plans to build a capacity of 5.89 billion amp-hours.

In 2012, the amount of investment proposed by the company was reduced by 12.6 billion yuan compared to 2011, a decrease of 41.96%. The company has the highest willingness to enter the power lithium battery industry in 2011, and its enthusiasm began to decline in 2012.

Lithium-powered batteries are more expensive than digital lithium-ion batteries, and the investment recovery period is long. Only companies with strong capital will enter this market.

The Institute of Lithium Ignition Industry (GBII) has incomplete statistics on new investment projects from 2009 to 2013. The investment quota of new projects is only 9 billion yuan (inclusive), and all other investment amounts are more than 1 billion yuan.

Since 2009, local governments have used land, tax incentives, and other policies to attract investment, and local governments have lent an investment boom. Jiangxi Province's target production capacity is the largest, benefiting from the 3.6 billion ampere-hour power lithium battery capacity project of Jiangxi Kehui Battery New Energy Co., Ltd. Although the announced production capacity reached 3.6 billion yuan.

In 2012, lithium-ion battery investment projects in Sichuan Province were the largest and the target production capacity had ranked second in China. The Sichuan Deyang Bolixun 3 billion ampere-hour project has started construction in February 2012, and the Guang’an Dingheng New Energy 720 million ampere-hour project is also under construction.

According to statistics from the Institute of Lithium Battery Industry (GBII), the companies that entered the power lithium battery industry in 2012 include Deyang Bo Lixun, Guangan Dingheng, Guangxi Jieshen, Sichuan Nanguang, Zhangzhou Lichen, Taiwan Shilian, Hubei Derun, Zhongtian Energy Storage. The largest planned production capacity is Bo Li Xun, followed by Chenzhou Li Chen.

In the first four months of 2013, only Henan Yujia New Energy Technology Co., Ltd. entered the power lithium battery market, and the announced investment amounted to 29 million yuan. After the completion, it will produce 2,000 sets of power lithium battery packs per year. After the excitement period of investment in 2011 and 2012, companies began to calm down, and the enthusiasm for power battery investors to enter was relatively low.

The private sector of new energy vehicles did not improve. In 2008, China sold a total of 1,217 new energy vehicles and sold 8,159 vehicles in 2012, which was 6.7 times that of 2008. According to incomplete statistics from China National Automobile Association, in the first quarter of 2013, 3,175 new energy vehicles were sold, of which 2,874 were pure electric vehicles, an increase of 57% year-on-year. The production and sales of pure electric vehicles have achieved rapid growth. In terms of plug-in hybrid production and sales, 300 vehicles were produced in the first quarter and 301 were sold. The vigorous promotion of the government and the low base of growth are the reasons for the rapid growth of sales of new energy vehicles.

The development of new energy vehicles in various parts of China is unbalanced, and it is mainly influenced by local governments. Beijing, Guangzhou, Shenzhen, Shanghai, Hangzhou, Changchun, Hefei, and other developed cities have large fiscal revenues. There are more public transport and government vehicles, and the market for promotion in the public sector is large. In addition, big cities have the ability to issue local subsidy policies and establish supporting facilities for new energy vehicles, which will have a positive effect on the development of new energy vehicles. The subsidy measures introduced by small and medium-sized cities are small. There are no supporting facilities such as charging stations. The development of new energy vehicles is slow and the driving force is insufficient.

At this stage, the areas of new energy vehicle promotion are concentrated in the public sector and the private sector is seriously lacking. According to the data from the China Association of Automobile Manufacturers, as of the end of 2012, the number of electric vehicle demonstrations promoted in China after the trial subsidy totaled 27,432, of which 23032 vehicles entered the public sector, accounting for 83.96% of the total sales, private car buyers. The number is 4400 vehicles, accounting for only 16.04%.

Shanghai's private purchase of new energy vehicles not only receives government subsidies, but also can obtain up to 90,000 yuan free license plates. New energy vehicles are more attractive than traditional cars, and private consumption is relatively good. Although Shenzhen, Guangzhou, and other places have also introduced new energy vehicle purchase subsidies, the private sales market has been slow to develop and the public has received low levels. Compared with traditional cars, new energy vehicles have little advantage.

Power lithium battery industry problems Many central governments have set targets for 500,000 vehicles in 2015. Ministries and local governments have successively introduced relevant policies to cooperate with them to attract investment and develop power lithium battery projects. However, at this stage, most of the new energy vehicles are being promoted in the public sector. Consumption in the private sector is lacking, downstream demand is insufficient, and lithium-ion batteries have excess capacity.

The Institute of Lithium Ignition Industry (GBII) researched and investigated power lithium batteries throughout the country and found that the current industry has the following problems:

Project progress is inconsistent with expectations When the government conducts investment promotion, the company is ambitious. It designs the project's investment amount and production capacity on the basis of the hypothetical optimal state, and aims to occupy the factory building area. After the implementation of the project, the development of new energy vehicles is in a sluggish economy. Enterprises are unable to make ends meet, business is difficult, and goals are difficult to achieve. Firms with strong capabilities can burn money and lengthen the project construction cycle to survive, while those with poorer capabilities will go bankrupt or change hands.

Jiangxi Kehui commenced construction in 2009 and was completed in September 2010. However, it was not a long time. The prosperous period of power lithium batteries did not come. Companies have changed hands, and whether the target of investment and capacity can meet expectations is doubtful.

Capacity utilization rate remains low Power lithium batteries generally have relatively large investment quotas, relatively high target positioning, and occupy a large area of ​​planning plants. However, there are relatively few growth lines built. In our visits, many companies have slow plant construction, few equipment, and a smaller proportion of operating equipment. According to the survey of the Institute of Lithium Battery Industry (GBII), the overall capacity utilization rate of power lithium batteries is only about 30%.

Despite the government's efforts to promote the development of new energy vehicles, most of the supply of power batteries are owned by companies such as BYD and Waterma that have good cooperation with car companies. Currently, the sales of new energy vehicles are not expected to be medium-fired, and private consumption has not been developed. Most of the power battery projects will not be quickly constructed and will wait for market development.

The utilization rate of the power battery is too low. If the equipment depreciation and maintenance costs, staff costs, and R&D expenses are deducted, the entire industry has not realized profitability. Due to the large investment in the project and the long recovery period, investors can only continue to burn money to maintain the project.

The main production facilities for low-power lithium batteries include vacuum mixers, pole piece coaters, positive and negative roll presses, and lamination machines. Lithium battery production equipment is now basically made in China. The technical level of domestic equipment is inferior to imported equipment, but the price is only about 1/3 of imported equipment.

Enterprises want to buy low-cost production equipment, the quality of the product can not be guaranteed. Domestic equipment is cheap, but it is not fully automated and companies do not trust their reliability. At this stage, the factory's automated production facilities also need to have employees staring at it to prevent problems during the production process.

The direction of development has shaken off the development of China's lithium-ion battery development. The development is low. Power lithium batteries have plagiarism with each other and products mimic each other. The extent of technology accumulation is not deep, the future direction of the company's development is not clear, and it is led by the market.

The main business of many power lithium battery manufacturers is not the car battery, but just under the name of the enclosure. During the construction of the project, the business of electric bicycles and energy storage was accelerated, and lithium-ion batteries for electric vehicles became other revenues.

In the application of positive electrode materials, many companies have already shaken their direction, using ternary materials instead of lithium iron phosphate. Lithium iron phosphate as a power lithium battery has good safety performance, but its energy density is low and its cost is hard to reduce. The ternary material as a power lithium battery has a high energy density, but the biggest drawback is that the safety performance is not good. Many companies are studying the insurance system, the goal is to solve the problem of the safety of lithium batteries, to clear the barriers to the development of three-component lithium power lithium battery.