On September 9th, the BYD Xi’an Cloud Rail Demonstration Line project started, and the signing ceremony of BYD’s 30GWh power battery project was also held at the same time. According to statistics from Battery China.com, as of now, BYD’s existing, under-construction and contracted power battery projects have accumulated a total production capacity of 100GWh. Among them, the number of newly commissioned and planned projects under construction this year has reached 84GWh, and BYD's power battery capacity expansion has been surprisingly fast!

It is understood that as of the end of 2017, BYD’s total power battery production capacity is 16GWh, of which 6GWh is a ternary battery and 10GWh is a lithium iron phosphate battery; on June 27, 2018, BYD’s Qinghai power battery plant with a planned capacity of 24GWh was officially launched It is expected that all production will be put into operation in 2019; on July 5, BYD and Changan Automobile signed a strategic cooperation agreement to establish a power battery joint venture with a planned production capacity of 10GWh; on August 23, BYD and the government of Bishan District, Chongqing agreed to produce 20GWh of power batteries per year. The project signed an investment cooperation agreement; on September 9, the signing ceremony of BYD’s 30GWh power battery project was held in Xi’an High-tech Zone. So far, BYD's planned total power battery production capacity has reached 100GWh. According to statistics from the Power Battery Application Branch, the country’s power battery shipments in 2017 were only 44.66GWh, and the contracted capacity of BYD alone exceeded this figure, not to mention the power battery shipments in BYD. The Ningde era above!

Since the beginning of this year, BYD's power battery capacity expansion has been almost "crazy". Behind such "crazy", we can see BYD's determination to regain the battery championship, and we can also see that under the condition that the technical route is gradually clear and the market prospects are optimistic, large companies are speeding up the race and driving force. Competition in the battery market has entered a fierce stage, and large companies are squeezing the market share of small and medium-sized enterprises through continuous expansion of production scale.

BYD, which started with batteries, has a 23-year history of development. In 2003, the company grew to be the world's second largest manufacturer of rechargeable batteries. In the same year, BYD Auto was also established. With strong accumulation and leading technology, it was surpassed in 2017 by the Ningde era, which was established only 7 years ago and remained unknown until 2014. Data show that the installed capacity of BYD's power battery in 2017 was 5.43GWh, while CATL easily surpassed it with 10.4GWh.

It can be said that BYD itself gave the opportunity to be surpassed by the Ningde era. BYD has always insisted on holding high the banner of lithium iron phosphate, but the adjustment of the new energy vehicle subsidy policy has caused the rise of ternary material batteries in 2014. The Ningde era of lithium iron phosphate + ternary materials has found rapid development and leapfrogging. Opportunity.

Not only that, BYD, which believes in the "vertical integration model", has not opened up power battery supply to the outside world before 2018, which also gives sufficient room for development in the Ningde era. By the time BYD came back to his mind in early 2017, the CATL was already overwhelming. It has achieved a significant surpass in sales volume and the number of cooperative car companies, leaving it far behind. Data shows that in 2017, BYD’s power battery supporting models were 78, and the number of supply car companies was only 2, while the number of supporting models and supply car companies of the CATL power battery reached 390 and 64 respectively.

BYD's slowness in battery technology route and foreign cooperation has made it missed many opportunities. After awakening, BYD began to fully use ternary material batteries in passenger cars, and began to exert ternary material battery production capacity. Data shows that before 2018, BYD’s battery plants in Shenzhen and Huizhou had a total production capacity of 16GWh, of which lithium iron phosphate was 10GWh and ternary materials were 6GWh. The Qinghai power battery plant with an annual capacity of 24GWh, which was put into operation in June this year, basically produces ternary batteries. The projects that BYD subsequently signed are expected to be mainly ternary batteries.

In addition, BYD has also made positive attempts in external cooperation. In order to reduce the worries of vehicle companies, BYD has begun to split its battery business and seek independent listing of its battery business. Shen Xi, deputy general manager of BYD's lithium battery business unit, said recently that BYD is doing the divestiture of the power battery business, and it is expected that the split will be completed by the end of 2018 or early 2019. From 2022 to 2023, BYD's power battery company will be listed independently.

Since the beginning of this year, many companies have expanded their power battery production capacity. For example, South Korea’s LG Chem’s annual output of 32GWh power battery project settled in Nanjing, Jiangsu, Funeng Technology signed a contract with an annual output of 20GWh power battery project in Zhenjiang, Jiangsu, and Korea SKI’s annual output of 7.5GWh power The battery project is planned to be built in Jintan, Jiangsu, and Thornton New Energy's annual output of 5GWh high-energy-density power battery is put into production. According to the data released by CATL, its production capacity in 2018 will also reach 31.1GWh, and it is expected to reach 54GWh in 2020; in addition, CATL has signed agreements with Changan, Dongfeng, GAC and SAIC to establish joint ventures to jointly produce power. Battery, this part of the production capacity has not yet been announced.

Although the prospects for the development of new energy vehicles are promising, the production and sales of new energy vehicles will be a process of steady growth, and it is difficult for the demand for power batteries to reproduce the blowout growth. The Power Battery Application Branch predicts that if my country's new energy vehicle sales are near the target of 2 million vehicles by 2020, under this premise, the market demand for power batteries will only be 119GWh. From the current public data, only the two giants of CATL and BYD's production capacity have far exceeded this figure. What's more, dozens of power battery companies in the second and third echelons are ambitiously expanding new projects! Undoubtedly, if these new capacity reach production capacity, it will not only intensify the risk of overcapacity of power batteries in the future, the competition will also become more intense, and the life of small and medium-sized power battery companies will be even more difficult.

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