It is foreseeable that Kirin batteries will bring new growth points to CATL’s performance. On August 27, CATL held a press conference for the launch of Kirin battery models. It announced that Jikrypton will become the first global mass-produced brand of Kirin batteries, and the n

It is foreseeable that Kirin batteries will bring new growth points to the performance of CATL .

html On August 27, CATL held a press conference for Kirin battery models. It announced that and will become the first global mass-produced brand of Kirin batteries, and new models of Cyrus’s AITO Wenjie series will also be equipped with this technology in the future. . According to the plan, Kirin batteries will be mass-produced and launched in 2023. According to

public information, Kirin Battery’s battery pack volume utilization has increased from 55% in the first generation to 72%, and its energy density has reached 255Wh/kg. It can achieve a 1,000-kilometer battery life for the entire vehicle and supports 5-minute fast hot start and 10-minute fast charging. , "Under the same conditions, the power is 13% higher than that of the 4680 system." Against this background, as early as June when the battery technology was released, Ideal, Nezha and others successively claimed to have reached cooperation intentions with CATL.

It is undeniable that with the rapid development of the domestic new energy vehicle market, the market demand for power batteries, which are key components of new energy vehicles, is constantly expanding. Relevant data shows that in the first half of this year, my country's power battery production totaled 206.4GWh, a year-on-year increase of 176.4%; among which, the year-on-year growth of ternary lithium batteries and lithium iron phosphate batteries was as high as 125.0% and 226.8% respectively. In addition, the arrival of the first batch of power battery retirements has also promoted the expansion of battery demand in disguise.

CATL is a recognized industry giant in the field of power batteries - according to the latest SNE data, CATL’s global market share reached 34% in the first half of this year. Against this background, CATL's performance in the first half of this year grew rapidly, with total revenue of 112.971 billion yuan, a year-on-year increase of 156.32%; net profit attributable to the parent company was 8.168 billion yuan, a year-on-year increase of 82.17%.

However, as the importance of CATL as a parts supplier gradually increases, downstream vehicle companies are also facing increasingly heavy cost problems. From the former point of view, the technical level of power batteries is related to whether new energy vehicles have advantages over competing products of the same level in terms of safety, endurance, etc. This is the key factor that affects consumers when purchasing cars. Based on this, industry giant Ningde will obviously gain more attention when it endorses car brands, such as the high-end brand Changan Avita .

As for the latter, due to the impact of the epidemic and other factors, the prices of upstream raw materials continue to rise. For example, the average price of lithium carbonate in East China on August 25 was 492,400 yuan/ton, approaching the unit price mark of 500,000 yuan - leading to momentum While the cost of batteries is rising, it has also further increased the cost of new energy products. Since the beginning of this year, various new energy brands have successively announced product price increases to cope with the loss crisis. Zeng Qinghong, chairman of Guangzhou Automobile Group , once said bluntly, "Currently, the cost of power batteries accounts for 60% of the total cost of a car" and joked that he was "working for CATL."

Not only to reduce production costs, but also to avoid being more subject to battery suppliers represented by CATL, many major car companies have embarked on the road of self-developed batteries, such as BYD launched blade battery , GAC Released magazine batteries, SAIC had Rubik's Cube batteries, Great Wall built Dayu batteries, and so on. It should be pointed out that the purpose of self-developed batteries by car companies is more to form a partial supply chain closed loop and give priority to meeting self-use needs, rather than to completely enter the power battery market and compete with component manufacturers.

There is no doubt that with the establishment of cooperation agreements with multiple automobile brands, Kirin batteries will become a new performance growth point for CATL after mass production and launch. It's just obvious that the heavy cost pressure on power batteries against the background of rising raw material prices is becoming a problem that many car companies cannot ignore. In the seller's market , the relationship between CATL and car companies may become increasingly treacherous.