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2021-06-29

Extending cooperation with Tesla, where is the next threshold in the Ningde era?

特斯拉，战船or贼船？ 6月29日收盘，宁德时代股价上涨2.96%，至508.51元，总市值达到1.18万亿元。受益于中国电动汽车市场快速增长，电池和新能源汽车制造商股票继续拉升，动力电池龙头宁德

Extending cooperation with Tesla, where is the next threshold in the Ningde era?

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·2021-07-23
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·2021-08-04
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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":159669031,"tweetId":"159669031","gmtCreate":1624963448723,"gmtModify":1703848916534,"author":{"id":3586854163859420,"idStr":"3586854163859420","authorId":3586854163859420,"authorIdStr":"3586854163859420","name":"chokim","avatar":"https://static.tigerbbs.com/77a59d5fd58cc0342b778ebfba10c3af","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>cool<a href=\"https://laohu8.com/U/3563311381284357\">@MaxWin</a></body></html>","htmlText":"<html><head></head><body>cool<a href=\"https://laohu8.com/U/3563311381284357\">@MaxWin</a></body></html>","text":"cool@MaxWin","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":31,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/159669031","repostId":1104219503,"repostType":4,"repost":{"id":"1104219503","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1624962796,"share":"https://ttm.financial/m/news/1104219503?lang=en_US&edition=fundamental","pubTime":"2021-06-29 18:33","market":"sh","language":"zh","title":"Extending cooperation with Tesla, where is the next threshold in the Ningde era?","url":"https://stock-news.laohu8.com/highlight/detail?id=1104219503","media":"格隆汇投资学苑","summary":"特斯拉，战船or贼船？\n\n6月29日收盘，宁德时代股价上涨2.96%，至508.51元，总市值达到1.18万亿元。\n受益于中国电动汽车市场快速增长，电池和新能源汽车制造商股票继续拉升，动力电池龙头宁德","content":"<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Battleship or pirate ship? Closing on June 29,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Shares rose 2.96% to 508.51 yuan, bringing the total market value to 1.18 trillion yuan.Benefiting from the rapid growth of China's electric vehicle market, the stocks of battery and new energy vehicle manufacturers continued to rise. The stock price of power battery leader CATL rose 3.71% on Monday, breaking through the 500 yuan mark and hitting a record high.Since March, CATL's stock price has risen by more than 70%。<img src=\"https://static.tigerbbs.com/a565104130fe40c7bf7521e6bc9bc2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">This wave of rise in CATL stems from the further deepening of cooperation with Tesla.In order to further extend and deepen the friendly cooperative relationship with Tesla, CATL reached an agreement with Tesla to provide lithium batteries to its Chinese production plant for another 30 months.<img src=\"https://static.tigerbbs.com/0506c7fb82af3cc9eeccdeca58ca35e7\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">This will continue a contract signed with Tesla last February, extending the supplier relationship for 2.5 years. The last contract will be valid in June 2022.However, the specific number of batteries supplied was not disclosed in the agreement, and the final sale is subject to the actual settlement of the purchase order issued by Tesla. Contemporary Amperex Technology Co., Limited will recognize revenue in relevant years based on the performance of the agreement, which is expected to have a positive impact on the company's operating performance in relevant years.The company said in the announcement: \"The signing of the agreement represents Tesla's further recognition of the company's power battery product quality and production capacity, helps to strengthen the long-term and stable cooperative relationship between the company and Tesla, which is in the interests of the company and shareholders. \"01. Power battery leader, strong rising logicThe cooperation between CATL and Tesla has been consolidated, and the new agreement means that the volume of supplies to Tesla has increased. Considering the higher demand from downstream manufacturers, CATL's profit expectations have also risen.Some brokerages predict that CATL's net profit in 2021 will reach 11 billion yuan (about 1.7 billion US dollars), which is 10% higher than the previously estimated 10 billion yuan; At the same time, CATL's share price could rise another 18% to RMB 600.<img src=\"https://static.tigerbbs.com/1892a946fd5e43312e5636e3fdfc2149\" tg-width=\"830\" tg-height=\"474\" referrerpolicy=\"no-referrer\">The prosperity of the power battery track is in the climbing stage. Only by supplying a large number of power batteries can the rapid growth of the new energy vehicle track be maintained. Therefore, sometimes before a new power battery factory is built, its production capacity will be snapped up by OEMs.However, in this announcement, CATL only mentioned that Tesla will \"purchase lithium-ion power batteries\".The specific chemical composition and technical route of these batteries were not disclosed。The previous phase of the agreement between CATL and Tesla was signed in February 2020 and is scheduled to expire in June 2022. The previous stage of cooperation between the two parties played an important role in Tesla's localization. Tesla's domestically produced Model 3 standard battery life version uses lithium iron phosphate batteries produced by CATL.Before entering the Chinese market, Tesla only approved<a href=\"https://laohu8.com/S/PC\">Panasonic</a>As an electric vehicle battery supplier. The self-developed battery announced at Tesla Battery Day last year also followed the shape of Panasonic's cylindrical battery. With the commissioning of the Shanghai factory, Tesla began to include other suppliers in the supply chain, including LG Chem (now known as LG Energy Solutions) and CATL. The two rank first and second in the global market share respectively.<img src=\"https://static.tigerbbs.com/432530bd5abfb5f0d5054d7c73c48003\" tg-width=\"830\" tg-height=\"457\" referrerpolicy=\"no-referrer\">With the rapid development of the electric vehicle industry, China will gradually introduce further laws and policies to guide the healthy and green development of the industry. According to the \"Automotive Industry Work Plan\" released by the Ministry of Industry and Information Technology on the 16th, China will support the innovative development of electric batteries and promote research on universal electric battery replacement platforms, battery cores and accessory standards. In addition, standards for battery recycling service networks will be developed.02. Tesla, warship or pirate ship?On New Year's Day in 2021, when Tesla's second mass-produced domestic Model Y was launched, the market demand for this car was very strong, and a large number of orders were received. So on the first day of opening after New Year's Day, CATL's stock price soared 15%.But just as CATL reached an extension agreement,Tesla is facing various challenges in the world's largest electric vehicle market。In the past 12 months, Volkswagen has sold twice as many electric vehicles in Europe as Tesla, and its lead continues to grow. At the same time, Tesla fell to fifth place with sales of 102,500 vehicles, and was<a href=\"https://laohu8.com/S/0NQF.UK\">Renault</a>Nissan, Hyundai-Kia and Stellantis easily overtake.<img src=\"https://static.tigerbbs.com/b85d254bcc4d9a8cbe929a2ff33f462b\" tg-width=\"830\" tg-height=\"346\" referrerpolicy=\"no-referrer\">Since entering the European market in 2013, Tesla has been the most popular electric vehicle brand in Europe, with a market share of more than 30% in 2019.However, Tesla's market share in Europe has dropped to 13% by 2020。At present, Tesla still only sells Model S, Model X and Model 3 models in Europe, and its controversial Grünheide German factory shows little sign of opening soon. The road to localized production is still long.However, Tesla's cumulative registration volume still ranks first in Europe.<img src=\"https://static.tigerbbs.com/1df05f21488591abb7f708156521ea65\" tg-width=\"831\" tg-height=\"500\" referrerpolicy=\"no-referrer\">In the Chinese market, Tesla is not having a good time either。 Since April this year, Tesla has fallen into a public relations crisis for consumer rights protection. Some car owners accused it of safety problems, but Tesla denied it.On June 26, Chinese authorities further stated that Tesla would recall about 285,000 electric vehicles in China because the cruise control function could be activated unexpectedly, causing the car to accelerate suddenly, posing a safety hazard. The recall involves 211,000 domestically produced Model 3, 38,600 domestically produced Model Y, and 35,700 imported Model 3.Mid-May this year<a href=\"https://laohu8.com/S/600617\">National New Energy</a>Passenger car retail sales reached 185,000 units, of which Tesla's retail sales in May were 21,936 units, accounting for approximately 11.9%, lower than SAIC-GM-Wuling and<a href=\"https://laohu8.com/S/002594\">BYD</a>。 Moreover, a large part of Tesla's May orders were contributed by export orders, while domestic orders in China plummeted to about 9,800 vehicles. According to data from the China Passenger Car Industry Association, Tesla delivered 25,800 vehicles and 35,500 vehicles from March to April respectively.The sharp drop could lead to a record low for Tesla's deliveries in China this year.And if Tesla's market share further declines, the revenue brought to CATL will also decrease accordingly。03. CATL will not be trappedAs an upstream supplier, if you rely too much on a certain customer, it may lead to increased business risks.Thanks to being<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Incorporated into the supply chain, lens component suppliers<a href=\"https://laohu8.com/S/002456\">OFILM</a>It has received rich returns. From 2018 to 2020, OFILM's revenue from Apple reached 8.33 billion, 11.72 billion, and 14.51 billion yuan respectively, showing an increasing phenomenon year by year. OFILM's annual revenue in 2019 was only 51.9 billion, which means that Apple alone has accounted for 1/5 of its total revenue.After Apple stopped some cooperation, OFILM's related business also declined significantly.However, the situation of CATL is completely different. It has many downstream customers and strong bargaining power in the face of upstream.Currently, CATL's battery packs are used in most EV brands. In addition to providing batteries to Tesla, CATL's customers also include electric vehicle manufacturers such as BMW, Volkswagen and Geely. Among these customers, there are many rivals of Tesla.<img src=\"https://static.tigerbbs.com/943291e18fc92ec351352d52d009494c\" tg-width=\"829\" tg-height=\"479\" referrerpolicy=\"no-referrer\">In August last year, CATL and<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive, Financial Services Group<a href=\"https://laohu8.com/S/01788\">Guotai Junan International</a>, Hubei Science and Technology Investment Group established a joint venture Weineng Battery Asset Management Company to lease battery packs from car owners by establishing battery replacement stations across China. According to news on June 29, Louis Navellier, chief investment officer of fund management company Navellier, said that Chinese electric vehicle manufacturer Nio will surpass Tesla and become China's largest electric vehicle company.On the upstream side, Contemporary Amperex Technology Co., Limited controls costs through the vertical integration of the industrial chain. Under the model of \"controlling key raw materials + exporting formulas + material factory OEM\", the company has the initiative in pricing materials.In May, Ningde Times and its subsidiaries Ningde Kaixin,<a href=\"https://laohu8.com/S/002145\">CNC titanium dioxide</a>Signed an agreement, and the agreement with the former locked in the corresponding quantity of electrolyte products with a consumption of 15,000 tons of lithium hexafluorophosphate; It agreed with the latter to jointly invest and establish Baiyin CNNC Times New Energy Co., Ltd. to promote the investment, construction, and operation of comprehensive smart new energy projects such as photovoltaics, wind power, and energy storage.<img src=\"https://static.tigerbbs.com/4ee6ac7d7bc8ddf02cfb33f0a3af8e22\" tg-width=\"831\" tg-height=\"416\" referrerpolicy=\"no-referrer\">The market has expected this, believing that CATL will begin to compete for the production capacity of midstream material manufacturers amid the rising price of lithium battery materials.In addition, CATL will release sodium batteries around July 2021. The announcement of the new technology route at this time can not only suppress the growth expectation of lithium demand, but also avoid unilateral bets on lithium battery materials, turn passivity into initiative, and open the growth curve of the new technology route.CATL also emphasized in this announcement that,The performance of the agreement will not adversely affect the company's business independence, and the company will not form a significant dependence on customers。","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Extending cooperation with Tesla, where is the next threshold in the Ningde era?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExtending cooperation with Tesla, where is the next threshold in the Ningde era?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n格隆汇投资学苑 \n2021-06-29 18:33\n</div>\n</a>\n</h4>\n</header>\n<article>\n<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Battleship or pirate ship? Closing on June 29,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Shares rose 2.96% to 508.51 yuan, bringing the total market value to 1.18 trillion yuan.Benefiting from the rapid growth of China's electric vehicle market, the stocks of battery and new energy vehicle manufacturers continued to rise. The stock price of power battery leader CATL rose 3.71% on Monday, breaking through the 500 yuan mark and hitting a record high.Since March, CATL's stock price has risen by more than 70%。<img src=\"https://static.tigerbbs.com/a565104130fe40c7bf7521e6bc9bc2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">This wave of rise in CATL stems from the further deepening of cooperation with Tesla.In order to further extend and deepen the friendly cooperative relationship with Tesla, CATL reached an agreement with Tesla to provide lithium batteries to its Chinese production plant for another 30 months.<img src=\"https://static.tigerbbs.com/0506c7fb82af3cc9eeccdeca58ca35e7\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">This will continue a contract signed with Tesla last February, extending the supplier relationship for 2.5 years. The last contract will be valid in June 2022.However, the specific number of batteries supplied was not disclosed in the agreement, and the final sale is subject to the actual settlement of the purchase order issued by Tesla. Contemporary Amperex Technology Co., Limited will recognize revenue in relevant years based on the performance of the agreement, which is expected to have a positive impact on the company's operating performance in relevant years.The company said in the announcement: \"The signing of the agreement represents Tesla's further recognition of the company's power battery product quality and production capacity, helps to strengthen the long-term and stable cooperative relationship between the company and Tesla, which is in the interests of the company and shareholders. \"01. Power battery leader, strong rising logicThe cooperation between CATL and Tesla has been consolidated, and the new agreement means that the volume of supplies to Tesla has increased. Considering the higher demand from downstream manufacturers, CATL's profit expectations have also risen.Some brokerages predict that CATL's net profit in 2021 will reach 11 billion yuan (about 1.7 billion US dollars), which is 10% higher than the previously estimated 10 billion yuan; At the same time, CATL's share price could rise another 18% to RMB 600.<img src=\"https://static.tigerbbs.com/1892a946fd5e43312e5636e3fdfc2149\" tg-width=\"830\" tg-height=\"474\" referrerpolicy=\"no-referrer\">The prosperity of the power battery track is in the climbing stage. Only by supplying a large number of power batteries can the rapid growth of the new energy vehicle track be maintained. Therefore, sometimes before a new power battery factory is built, its production capacity will be snapped up by OEMs.However, in this announcement, CATL only mentioned that Tesla will \"purchase lithium-ion power batteries\".The specific chemical composition and technical route of these batteries were not disclosed。The previous phase of the agreement between CATL and Tesla was signed in February 2020 and is scheduled to expire in June 2022. The previous stage of cooperation between the two parties played an important role in Tesla's localization. Tesla's domestically produced Model 3 standard battery life version uses lithium iron phosphate batteries produced by CATL.Before entering the Chinese market, Tesla only approved<a href=\"https://laohu8.com/S/PC\">Panasonic</a>As an electric vehicle battery supplier. The self-developed battery announced at Tesla Battery Day last year also followed the shape of Panasonic's cylindrical battery. With the commissioning of the Shanghai factory, Tesla began to include other suppliers in the supply chain, including LG Chem (now known as LG Energy Solutions) and CATL. The two rank first and second in the global market share respectively.<img src=\"https://static.tigerbbs.com/432530bd5abfb5f0d5054d7c73c48003\" tg-width=\"830\" tg-height=\"457\" referrerpolicy=\"no-referrer\">With the rapid development of the electric vehicle industry, China will gradually introduce further laws and policies to guide the healthy and green development of the industry. According to the \"Automotive Industry Work Plan\" released by the Ministry of Industry and Information Technology on the 16th, China will support the innovative development of electric batteries and promote research on universal electric battery replacement platforms, battery cores and accessory standards. In addition, standards for battery recycling service networks will be developed.02. Tesla, warship or pirate ship?On New Year's Day in 2021, when Tesla's second mass-produced domestic Model Y was launched, the market demand for this car was very strong, and a large number of orders were received. So on the first day of opening after New Year's Day, CATL's stock price soared 15%.But just as CATL reached an extension agreement,Tesla is facing various challenges in the world's largest electric vehicle market。In the past 12 months, Volkswagen has sold twice as many electric vehicles in Europe as Tesla, and its lead continues to grow. At the same time, Tesla fell to fifth place with sales of 102,500 vehicles, and was<a href=\"https://laohu8.com/S/0NQF.UK\">Renault</a>Nissan, Hyundai-Kia and Stellantis easily overtake.<img src=\"https://static.tigerbbs.com/b85d254bcc4d9a8cbe929a2ff33f462b\" tg-width=\"830\" tg-height=\"346\" referrerpolicy=\"no-referrer\">Since entering the European market in 2013, Tesla has been the most popular electric vehicle brand in Europe, with a market share of more than 30% in 2019.However, Tesla's market share in Europe has dropped to 13% by 2020。At present, Tesla still only sells Model S, Model X and Model 3 models in Europe, and its controversial Grünheide German factory shows little sign of opening soon. The road to localized production is still long.However, Tesla's cumulative registration volume still ranks first in Europe.<img src=\"https://static.tigerbbs.com/1df05f21488591abb7f708156521ea65\" tg-width=\"831\" tg-height=\"500\" referrerpolicy=\"no-referrer\">In the Chinese market, Tesla is not having a good time either。 Since April this year, Tesla has fallen into a public relations crisis for consumer rights protection. Some car owners accused it of safety problems, but Tesla denied it.On June 26, Chinese authorities further stated that Tesla would recall about 285,000 electric vehicles in China because the cruise control function could be activated unexpectedly, causing the car to accelerate suddenly, posing a safety hazard. The recall involves 211,000 domestically produced Model 3, 38,600 domestically produced Model Y, and 35,700 imported Model 3.Mid-May this year<a href=\"https://laohu8.com/S/600617\">National New Energy</a>Passenger car retail sales reached 185,000 units, of which Tesla's retail sales in May were 21,936 units, accounting for approximately 11.9%, lower than SAIC-GM-Wuling and<a href=\"https://laohu8.com/S/002594\">BYD</a>。 Moreover, a large part of Tesla's May orders were contributed by export orders, while domestic orders in China plummeted to about 9,800 vehicles. According to data from the China Passenger Car Industry Association, Tesla delivered 25,800 vehicles and 35,500 vehicles from March to April respectively.The sharp drop could lead to a record low for Tesla's deliveries in China this year.And if Tesla's market share further declines, the revenue brought to CATL will also decrease accordingly。03. CATL will not be trappedAs an upstream supplier, if you rely too much on a certain customer, it may lead to increased business risks.Thanks to being<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Incorporated into the supply chain, lens component suppliers<a href=\"https://laohu8.com/S/002456\">OFILM</a>It has received rich returns. From 2018 to 2020, OFILM's revenue from Apple reached 8.33 billion, 11.72 billion, and 14.51 billion yuan respectively, showing an increasing phenomenon year by year. OFILM's annual revenue in 2019 was only 51.9 billion, which means that Apple alone has accounted for 1/5 of its total revenue.After Apple stopped some cooperation, OFILM's related business also declined significantly.However, the situation of CATL is completely different. It has many downstream customers and strong bargaining power in the face of upstream.Currently, CATL's battery packs are used in most EV brands. In addition to providing batteries to Tesla, CATL's customers also include electric vehicle manufacturers such as BMW, Volkswagen and Geely. Among these customers, there are many rivals of Tesla.<img src=\"https://static.tigerbbs.com/943291e18fc92ec351352d52d009494c\" tg-width=\"829\" tg-height=\"479\" referrerpolicy=\"no-referrer\">In August last year, CATL and<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive, Financial Services Group<a href=\"https://laohu8.com/S/01788\">Guotai Junan International</a>, Hubei Science and Technology Investment Group established a joint venture Weineng Battery Asset Management Company to lease battery packs from car owners by establishing battery replacement stations across China. According to news on June 29, Louis Navellier, chief investment officer of fund management company Navellier, said that Chinese electric vehicle manufacturer Nio will surpass Tesla and become China's largest electric vehicle company.On the upstream side, Contemporary Amperex Technology Co., Limited controls costs through the vertical integration of the industrial chain. Under the model of \"controlling key raw materials + exporting formulas + material factory OEM\", the company has the initiative in pricing materials.In May, Ningde Times and its subsidiaries Ningde Kaixin,<a href=\"https://laohu8.com/S/002145\">CNC titanium dioxide</a>Signed an agreement, and the agreement with the former locked in the corresponding quantity of electrolyte products with a consumption of 15,000 tons of lithium hexafluorophosphate; It agreed with the latter to jointly invest and establish Baiyin CNNC Times New Energy Co., Ltd. to promote the investment, construction, and operation of comprehensive smart new energy projects such as photovoltaics, wind power, and energy storage.<img src=\"https://static.tigerbbs.com/4ee6ac7d7bc8ddf02cfb33f0a3af8e22\" tg-width=\"831\" tg-height=\"416\" referrerpolicy=\"no-referrer\">The market has expected this, believing that CATL will begin to compete for the production capacity of midstream material manufacturers amid the rising price of lithium battery materials.In addition, CATL will release sodium batteries around July 2021. The announcement of the new technology route at this time can not only suppress the growth expectation of lithium demand, but also avoid unilateral bets on lithium battery materials, turn passivity into initiative, and open the growth curve of the new technology route.CATL also emphasized in this announcement that,The performance of the agreement will not adversely affect the company's business independence, and the company will not form a significant dependence on customers。\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代","TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104219503","content_text":"特斯拉，战船or贼船？\n\n6月29日收盘，宁德时代股价上涨2.96%，至508.51元，总市值达到1.18万亿元。\n受益于中国电动汽车市场快速增长，电池和新能源汽车制造商股票继续拉升，动力电池龙头宁德时代股价于周一上涨3.71%，突破500元关口，创下历史新高。3月份至今，宁德时代股价已经涨超70%。\n\n宁德时代这波上涨源于与特斯拉合作的进一步深化。\n为了进一步延伸和深化与特斯拉的友好合作关系，宁德时代与特斯拉达成协议，将向其中国生产厂提供锂电池，期限再延长30个月。\n\n这将延续去年2月与特斯拉签署的一份合同，将供应商关系延长了2.5年。上一份合同有效期将于2022年6月结束。\n但供应的具体电池数量并没有在协议中透露，最终销售以特斯拉发出的采购订单的实际结算为准。宁德时代将根据协议履行情况在相关年度确认收入，预计对公司相关年度的经营业绩产生积极影响。\n公司在公告中称：“协议的签订表示特斯拉对公司动力电池的产品质量和生产能力的进一步认可，有助于强化公司与特斯拉之间长期稳定的合作关系，符合公司和股东的利益。”\n01、动力电池龙头，上涨逻辑强劲\n宁德时代与特斯拉的合作已得到巩固，新协议意味着向特斯拉供应的量有所增加。考虑到下游制造商更高的需求，宁德时代的盈利预期也随之水涨船高。\n有券商预测，宁德时代2021年的净利润将达到110亿元（约合17亿美元），较此前预计的100亿元高出10%；与此同时，宁德时代股价可能再上涨18%至人民币600元。\n\n动力电池赛道景气度正在爬坡阶段。大量动力电池电池供应，才能保持新能源汽车赛道的高速增长。因此，有时新的动力电池厂还没建成，其产能就会被主机厂抢购一空。\n但在此次公告中，宁德时代仅仅提及特斯拉将“采购锂离子动力电池”，没有透露这些电池具体的化学成分、技术路线。\n宁德时代与特斯拉上一阶段的协议签署于2020年2月，按计划将于2022年6月到期。双方的上一阶段合作，对特斯拉本土化起到了重要作用，特斯拉国产Model 3标准续航版使用的就是宁德时代生产的磷酸铁锂电池。\n在进入中国市场之前，特斯拉只批准松下作为电动汽车电池供应商。在去年特斯拉电池日上公布的自研电池，也沿袭了松下圆柱电池的外形。而随着上海工厂的投产，特斯拉开始在供应链中纳入其他供应商，包括LG化学（现称LG能源解决方案）和宁德时代。二者分别位列全球市占率一、二名。\n\n随着电动汽车行业的快速发展，中国逐还将进一步出台法规政策，引导行业健康发展、绿色发展。根据工业和信息化部16日发布的《汽车行业工作方案》，中国将支持电动电池创新发展，推进通用电动电池更换平台、电池核心和配件标准研究。此外，还将制定电池回收服务网络的标准。\n02、特斯拉，战船or贼船？\n2021年元旦，特斯拉第二款量产国产Model Y上市时，市场对这款车的需求非常旺盛，获得了大量订单。于是在元旦节后开盘首日，宁德时代股价暴涨15%。\n但就在于宁德时代达成延长协议之际，特斯拉正面临全球最大电动汽车市场的各种挑战。\n过去12个月，大众在欧洲电动汽车销量，比特斯拉高一倍，而且领先优势还在继续增长。与此同时，特斯拉以10.25万辆的销量下滑至第五位，被雷诺日产、现代·起亚和Stellantis轻松超越。\n\n自2013年进入欧洲市场，特斯拉一直是欧洲最受欢迎的电动汽车品牌，市场占有率在2019年曾一度超过30%。然而到2020年特斯拉在欧洲的市场占有率已降至13%。\n目前特斯拉在欧洲仍只销售Model S、Model X和Model 3三款车型，其备受争议的Grünheide德国工厂也几乎没有很快开业的迹象，本土化生产的道路依旧漫长。\n不过特斯拉累计注册量仍然排名欧洲第一。\n\n在中国市场，特斯拉也不太好过。从今年4月份开始，特斯拉就陷入了消费者维权公关危机。有车主指责其安全性存在问题，但遭到特斯拉否认。\n6月26日，中国有关部门进一步表示，特斯拉将在中国召回约28.5万辆电动汽车，因为巡航控制功能可能会意外启动，导致汽车突然加速，造成安全隐患。此次召回涉及21.1万辆国产Model 3、3.86万辆国产Model Y、3.57万辆进口版Model 3。\n今年5月中国新能源乘用车零售销量达18.5万辆，其中特斯拉5月零售销量为21,936辆，占比约为11.9%，低于上汽通用五菱和比亚迪。而且特斯拉的5月份订单中，很大一部分由出口订单贡献，而中国本土订单暴跌至约9,800辆。中国乘用车行业协会数据显示，3~4月特斯拉交付量分别为2.58万辆和3.55万辆。\n这一大幅下降可能导致特斯拉今年在中国的交付量创下历史新低。而如果特斯拉市场份额进一步下降，给宁德时代带来的营收也会相应减少。\n03、宁德时代不会被套\n作为上游供应商，如果太过于依赖某个客户，可能会导致经营风险增加。\n得益于被苹果纳入供应链，镜头元器件供应商欧菲光得到了丰厚回报，2018年~2020年，欧菲光从苹果拿到的营收分别达83.3亿、117.2亿、145.1亿元，呈现逐年递增的现象。欧菲光在2019年的全年营收也才仅仅只有519亿，这也就意味着光是苹果这边的就已经占据了其总营收的1/5。\n而在苹果停止部分合作之后，欧菲光相关业务也明显下滑。\n不过宁德时代的处境截然不同，其下游客户众多，且面对上游议价权较强。\n目前，宁德时代的电池组用于大多数电动汽车品牌。除了为特斯拉提供电池以外，宁德时代客户还包括宝马、大众和吉利等电动汽车制造商。这些客户中，不乏特斯拉的劲敌。\n\n去年8月，宁德时代与蔚来汽车、金融服务集团国泰君安国际、湖北科技投资集团组建了合资企业蔚能电池资产管理公司，通过在中国各地建立电池更换站，向车主租赁电池组。6月29日消息，基金管理公司Navellier首席投资官Louis Navellier表示，中国电动汽车制造商蔚来将超越特斯拉，成为中国最大的电动汽车企业。\n在上游方面，宁德时代通过产业链纵向一体化布局从而控制成本，在“控制关键原材料+输出配方+材料厂代工”模式下，公司对材料具备定价主动权。\n5月份，宁德时代分别与子公司宁德凯欣、中核钛白签订协议，与前者的协议锁定了六氟磷酸锂使用量为1.5万吨的对应数量电解液产品；与后者约定共同出资，设立白银中核时代新能源有限公司，以推进光伏、风电、储能等综合智慧新能源项目的投资、建设、运营。\n\n对此市场已有预期，认为宁德时代将在锂电池材料涨价潮中，开始争夺中游材料厂商产能。\n此外，宁德时代将于2021年7月前后发布钠电池。此时公布新技术路线，不仅可以打压锂需求增长预期，也可以避免对锂电池材料单方面下注，化被动为主动，开启新技术路线增长曲线。\n宁德时代在本次公告中也强调，协议的履行不会对公司的业务独立性构成不利影响，公司不会因此对客户形成重大依赖。","news_type":1,"symbols_score_info":{"300750":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2657,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5301350,"commentId":"5301350","gmtCreate":1627009982631,"gmtModify":1663231359238,"authorId":3586854163859420,"author":{"id":3586854163859420,"idStr":"3586854163859420","authorId":3586854163859420,"name":"chokim","avatar":"https://static.tigerbbs.com/77a59d5fd58cc0342b778ebfba10c3af","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159669031,"objectIdStr":"159669031","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"好","text":"好","html":"好","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":5760869,"commentId":"5760869","gmtCreate":1630840636201,"gmtModify":1663233423127,"authorId":3576152954331303,"author":{"id":3576152954331303,"idStr":"3576152954331303","authorId":3576152954331303,"name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159669031,"objectIdStr":"159669031","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"good","text":"good","html":"good","likeSize":1,"commentSize":1,"subComments":[{"id":100489963,"commentId":"100489963","gmtCreate":1644495100685,"gmtModify":1663243578231,"authorId":3586854163859420,"author":{"id":3586854163859420,"idStr":"3586854163859420","authorId":3586854163859420,"name":"chokim","avatar":"https://static.tigerbbs.com/77a59d5fd58cc0342b778ebfba10c3af","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159669031,"objectIdStr":"159669031","type":1,"supId":5760869,"supIdStr":"5760869","prevId":0,"prevIdStr":"0","content":"我","text":"我","html":"我","disclaimerType":0}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0},{"id":5417997,"commentId":"5417997","gmtCreate":1628031742717,"gmtModify":1663231888937,"authorId":3576152954331303,"author":{"id":3576152954331303,"idStr":"3576152954331303","authorId":3576152954331303,"name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159669031,"objectIdStr":"159669031","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"cool","text":"cool","html":"cool","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0},{"id":5073688,"commentId":"5073688","gmtCreate":1625008912892,"gmtModify":1663230307045,"authorId":3563311381284357,"author":{"id":3563311381284357,"idStr":"3563311381284357","authorId":3563311381284357,"name":"MaxWin","avatar":"https://static.tigerbbs.com/a7681dcc0f2b046cc74cca2972ae6fc3","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star 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