Recently, in a dialogue program, BYD Group executive vice president and director of Automotive Engineering Research Institute Lian Yubo mentioned when talking about how to view Tesla that BYD and Tesla CEO Musk are good friends and will soon supply battery products to Tesla. Not a formal official announcement, the rumors that have been around for nearly a year have officially come true.
In August last year, BYD was revealed to supply " blade battery " to Tesla in the second quarter of 2022, which will be equipped with Model Y. BYD's response at the time was that the company never stated that it would supply "blade batteries" to Tesla, nor did it say that "blade batteries" would be used in Model Y.
It seems that BYD's lack of positive denial has already explained the problem.
blade battery is a "trump card" in BYD's hands, which has made considerable contributions to BYD's sales growth. As a power battery product, this "trump card" has also gained recognition from other car brands. But in the face of the complex relationship between cooperation in competition, what will happen if the "trump card" is handed over to the hands of Tesla, a giant in the new energy vehicle industry?
All car brands are talking about blade battery cooperation
After the official release in March 2020, BYD's blade battery has become one of the focus of attention in the industry and is popular for a long time.
Relying on BYD lithium iron phosphate technology foundation, blade batteries have achieved performance upgrades in various aspects such as safety, strength, battery life and life. With the help of the official "needle puncture experiment", they have successfully set off a storm in the power battery market.
Subsequently, BYD quickly pushed the blade battery into the vehicle. In April 2021, all BYD pure electric models were equipped with blade batteries. At the same time, the official announced that it would supply it to external customers.
In the power battery market, there seems to be no doubt that the blade battery is popular. BYD Chairman Wang Chuanfu publicly stated in early 2021: "Almost every car brand you can think of is discussing cooperation with Fudi battery ."
From the public information, NIO , Xiaomi , etc. have released information on using BYD blade batteries. It is reported that NIO finalized the cooperation to adopt BYD batteries before the Spring Festival last year. Xiaomi Auto will use blade batteries in the low-end version of the first model, and the high-end version may use CATL product.
It is not difficult to see that BYD's blade batteries tend to take the cost-effective route.
An insider revealed that BYD has given many discounts in the terms of cooperation between NIO and Xiaomi. Xiaomi Auto’s low-end version is indirectly confirmed this, and NIO also mentioned in its 2021 financial report that it will launch a sub-brand to sink to the mass market, which means that NIO’s demand for lower-cost accessories has increased, and blade batteries are a good choice.
In addition to domestic brands, there have been news of cooperation in blade batteries in overseas markets. In February this year, foreign media reported that Toyota and Suzuki are considering co-producing electric car in India, and the first model will be powered by BYD blade battery. The Apple car project, which has always been feared by the industry, also started negotiations with BYD in the middle of last year.
In April, Wang Chuanfu said at BYD's 2021 annual report briefing that due to factors such as model development cycle and product verification, it is impossible to understand the manufacturer information of the company in public channels. But it once again emphasized that most car brands are currently discussing cooperation issues with Fodi Battery.
BYD is not afraid of Tesla
Tesla's cost control ability has long been famous.
, the leading brand of new energy vehicles, has been named "price butcher". Previously, Model 3 has lowered its price many times, and consumers' psychological perception of Tesla has been frequently broken. And on Model Y, the same situation seems to be happening.
At present, Tesla is also focusing on reducing the production costs of Model Y.At the beginning of this year, the domestic version of Model Y was released, with a price drop of 100,000. Since then, at the Texas factory, the price of the Model Y is lower in the 4680 battery, which has a lower cost in the car.
According to previous reports, the model supplied by the blade battery will also be Model Y. Some industry insiders analyzed that if Model Y uses blade batteries, it is expected to further reduce costs. With the same range, vehicle costs may be reduced by 20%-30%, further increasing profit margins.
However, there are also opinions that, as a competitor, Tesla may have an impact on BYD's own market sales as a competitor.
is certain, the impact must be, but not big. According to market speculation, the price of Tesla Model Y is expected to be reduced to below 300,000 yuan. Among BYD pure electric models, there are not many models that reach the price range of 300,000 yuan. BYD Han EV is one of them. Most of the models of this car company are distributed within 200,000 yuan and below price with .
In fact, for BYD, this concern is not necessary. If Tesla will bring an impact, it will have already appeared on the more main Model 3.
In recent years, BYD's development in the field of new energy vehicles has accelerated significantly. In addition to the increase in sales of new energy vehicles, the power battery business is also advancing rapidly.
According to the latest data of the China Automobile Power Battery Industry Innovation Alliance, in April, CATL, BYD, China Innovation Airlines, Guoxuan Hi-Tech and Xinwangda ranked the top five in the ranking of domestic power battery loading volume. Among them, BYD ranks second with a market share of 32.18%. In the cumulative loading volume list from January to April this year, BYD's market share was 22.75%, also ranked second.
At present, its battery business is obviously still expanding rapidly. At the end of May, it was reported that BYD had found 6 lithium mines in Africa and had reached an acquisition intention. The lithium carbonate of the six lithium mines can cover the company's raw material needs for the next ten years.
The listing of the power battery business is also under planning. In December last year, Wang Chuanfu said in an interview that BYD plans to list its battery business by 2022 to raise funds for development. It is expected to be launched at the end of 2022. After
blade battery entered Tesla's supply chain, the help to the development of BYD's battery business is obvious.
As of the close of June 8, BYD's stock price rose 3.98%, with a quotation of 327.41 yuan per share, with a total market value of 953.14 billion yuan. Since May this year, BYD's stock price has risen by 30.33%. According to BYD's development trend, perhaps another trillion-dollar giant in the domestic new energy field is not far away.
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