Yesterday, according to Cailian, Contemporary Ampere Technology Co., Ltd. will supply power batteries to two models built by Hyundai Motor Group's exclusive platform "E-GMP", and the supply time will start from 2023.

Contemporary Ampere Technology Co., Ltd. did not respond to this news, but its share price changed rapidly. Wind data shows that the share price of Contemporary Ampere Technology Co., Ltd. rose by 8. 18% to 404 yuan/share yesterday.

Six days ago, Contemporary Anpu Technology Co., Ltd. issued a number of announcements, saying that "the investment should not exceed 654.38+0.2 billion yuan to build a power battery manufacturing base in Yibin, Sichuan", "the investment should not exceed 654.38+0.2 billion yuan to build a power and energy storage project in Zhaoqing, Guangdong" and "the investment should not exceed 5 billion yuan to build a power battery production line expansion project in Ningde, Fujian", with a total investment of 29 billion yuan.

Affected by the good news, the stock price opened 3% higher to 379 yuan/share the next day, and then continued to rise to 388.5 yuan/share on February 4, with an increase of 1.97%.

As early as February 1 day, Contemporary Ampere Technology Co., Ltd. issued a "Prompt Announcement on the Listing and Circulation of Non-public Offerings". The announcement shows that the restricted shares and the shares that can actually be listed and circulated will be lifted, accounting for 5.25% of its current total share capital, and the day of lifting the ban on listing and circulation will be February 4.

According to the statistics of interface news, the market value of contemporary Ampere Technology Co., Ltd. this time is 433.289 billion yuan, accounting for almost half of its total market value of 955.55 billion yuan before its release. Although the holders of the banned shares have not stated whether they will reduce their holdings, the capital market is still worried about this.

In fact, since Contemporary Ampere Technology Co., Ltd. surpassed PetroChina, its share price has been riding a roller coaster. Behind this, it may reflect the unstable status quo of contemporary Ampere Technology Co., Ltd.' s "internal troubles and foreign invasion".

Contemporary Amperex Technology Co., Ltd. 65438+February 3, 20201-20265438+February 9, K-line chart, screenshot from Wind.

Affected by the epidemic, the sales of new energy vehicles were blocked last year, which led to fluctuations in the power battery industry and a decline in demand and installed capacity. Because of this, the revenue and net profit performance of Contemporary Ampere Technology Co., Ltd. in the first three quarters of 2020 are not outstanding.

In addition, the battery factory of Contemporary Ampere Technology Co., Ltd. exploded one after another last month, which also plunged it into short-term chaos.

In the external market, with the development of the new energy automobile industry, the competition in the power battery industry has intensified year by year. Although Contemporary Ampere Technology Co., Ltd. is still in the position of "the boss", there are many threats around it.

Although domestic power battery manufacturers such as BYD and Guo Xuan Hi-Tech are catching up, overseas battery manufacturers such as LG Chem and Panasonic have also started to compete in the domestic market in recent years, and followed closely with Contemporary Ampere Technology Co., Ltd..

The market value of contemporary Ampere Technology Co., Ltd. once surpassed that of China Petroleum, which is regarded as a signal that new energy vehicles will gradually replace fuel vehicles.

In the era of the rise of heroes, can Contemporary Amp Technology Co., Ltd. still maintain the position of "the first brother" of power batteries?

"basically satisfied."

14 years ago, Jiang Jiemin, the former chairman of China Petroleum, said in an interview with CCTV that China Petroleum at that time could really stand such an evaluation.

On June 5th, 2007, 165438+ China Petroleum was listed on the A-share market. The opening price of the first day was once pushed up to 48.6 yuan/share by investors, and it became the largest company in the world with a market value of 7 1 18 1 100 million yuan.

As we all know, this company with the largest market value in the world was surpassed by a power battery manufacturer 14 years later.

According to China Energy News, on February 2, last year, the share price of Contemporary Ampere Technology Co., Ltd. rose by more than 12%, and the closing price on that day was 325 yuan/share, and the market value immediately reached 757 1 100 million yuan. A week later, on February 30th, 10.39%, the share price of Contemporary Ampere Technology Co., Ltd. rose to 10.39% and closed at 340 yuan/share, with a market value of 792 billion yuan, exceeding the market value of 755.8 billion yuan of China Petroleum on that day.

Comparison chart of market value of contemporary Amperex Technology Co., Ltd. and China Petroleum, with data from Wind and online travel mapping.

After the beginning of this year, this upward trend continues. 65438+1closed on October 4, and the share price rose by 15.09% to 404. 1 yuan/share. After that, the stock price continued to soar to 65438+10.7, and the closing price reached 4 13.23 yuan/share, and the market value reached a new high of 962.6 billion yuan.

However, just as Contemporary Ampere Technology Co., Ltd. was charging for the trillion-dollar market value, it was stepped on the "brake".

On October 7th, 65438/KLOC-0, according to Weibo released by Ningxiang, the old workshop of Hunan Bangpu Recycling Technology Co., Ltd. (hereinafter referred to as "Hunan Bangpu") exploded and caught fire that night. According to the information of "an enterprise information inquiry platform", the company belongs to a subsidiary of Contemporary Ampere Technology Holdings Limited.

Contemporary Ampere Technology Co., Ltd., as a party, responded quickly to the accident, but as this company was mainly responsible for the recycling part of the battery industry of Contemporary Ampere Technology Co., Ltd., at the close of the next day, the share price of Contemporary Ampere Technology Co., Ltd. was 404.5 yuan/share, a decrease of 2. 1 1%, and its market value evaporated by 20.332 billion yuan a day.

The following week, the stock price continued to fall. On June 65438+1October 1 1 day, the stock price continued to fall, and the closing price on that day was 390 yuan/share, with a decrease of 3.58%; Although there was a slight rebound during the period, the decline of the stock price did not ease. Eight days later, the stock price closed at a low of 36.6 1 1 yuan/share, and the market value of that day also fell below 900 billion yuan.

65438+1On October 20th, the share price of Contemporary Ampere Technology Co., Ltd. rebounded to the closing price of 39 1.4 yuan/share, with an increase of 25.29%. In the industry's view, this rebound has a lot to do with the patents announced the day before yesterday.

65438+ 10/9, Contemporary Ampere Technology Co., Ltd. announced two invention patents related to solid-state batteries. As can be seen from the patent documents, both patents are related to solid-state electrolytes, which will be beneficial to the energy density of all-solid-state batteries. Since Weilai introduced 150kWh solid-state battery pack at the beginning of last month, the patent of Contemporary Ampere Technology Co., Ltd. has become another progress in this field.

Contemporary Ampere Technology Co., Ltd. patent information related to solid electrolyte, screenshot from "an enterprise information inquiry platform"

Affected by the good news, the share price of Contemporary Ampere Technology Co., Ltd. rose all the way in the following days, and the share price of 65438 returned to 400 yuan on June 22nd. The closing price of the day was 408 yuan/share, and the market value returned to above 9 1000 billion yuan.

But soon, the share price of contemporary Amperex Technology Co., Ltd. fell into a "quagmire" again because of the explosion.

65438+1On the evening of October 20th, Qujing Lintie Technology Co., Ltd. (hereinafter referred to as "German Nano"), a holding subsidiary of German Nano, announced that an outdoor exhaust absorber exploded that morning. According to the information disclosed by German Nano, its company was the top five suppliers of contemporary Anpu Technology Co., Ltd. from 20 14 to 20 16 years. In addition, according to the data of an enterprise information inquiry platform, Contemporary Ampere Technology Co., Ltd. holds 40% of its total share capital.

Later, although Contemporary Ampere Technology Co., Ltd. quickly responded to the explosion accident and said that it was only a shareholding relationship and did not participate in the production and operation of its company, it did not prevent the stock price from falling.

One week after the accident, the share price of Contemporary Ampere Technology Co., Ltd. fell again, from 396.95 yuan/share at the close of165438+ on October 25th to 354. 1 1 yuan/share at the close of1on October 29th, with a decrease of 4.27.

By the beginning of this month, the share price of Contemporary Ampere Technology Co., Ltd. continued to fall. February 1 day, its share price closed at 350.33 yuan/share. However, with the announcement of contemporary Ampere Technology Co., Ltd. on expanding production for many times, the stock price fell again in time. Since the announcement on February 2nd, the share price of Contemporary Ampere Technology Co., Ltd. has started to adjust back. By the close of February 4th, the share price was 38. 1 day higher than that of February17 yuan/share.

So far, from June 5438+February last year, Contemporary Ampere Technology Co., Ltd. overtook China Petroleum, and its share price immediately reached a high of 4 13.23 yuan/share. By the close of the 5th of this month, its share price had staged many ups and downs, which was comparable to riding a roller coaster.

The instability of its share price may also reflect the challenges faced by contemporary Ampere Technology Co., Ltd..

At present, contemporary Ampere Technology Co., Ltd., which has been sitting at the top of the power battery track, is under great pressure.

In June last year, 5438+ 10, Contemporary Ampere Technology Co., Ltd. released the financial report for the third quarter of 2020, showing that the revenue in the third quarter was127 million yuan, up by 0.8% year-on-year. The net profit was 65.438+0.42 billion yuan, a year-on-year increase of 4.24%. This is also the first time that Contemporary Ampere Technology Co., Ltd. achieved double growth in revenue and net profit in the first three quarters of last year.

Although Contemporary Ampere Technology Co., Ltd. handed over a beautiful "report card" in the third quarter, this cannot hide the decline in the first three quarters. According to the financial report data, Contemporary Ampere Technology Co., Ltd. achieved an operating income of 365,438+0,522 million yuan in the first three quarters of 2020, down 4.06% year-on-year; The net profit was 3.682 billion yuan, down 2.07% year-on-year.

It is unfavorable to the development of contemporary Ampere Technology Co., Ltd. in the first two quarters of last year, which is not unrelated to the epidemic situation.

With the outbreak of the epidemic at the beginning of last year, the production and sales of new energy vehicles dropped significantly in the first half of last year. According to the data released by China Association of Automobile Manufacturers, the production and sales of new energy vehicles in the first half of last year were 397,000 and 393,000 respectively, down by 36.5% and 37.4% respectively.

"The sudden epidemic and policy impact in the first half of last year led to a collective decline in the sales of new energy vehicles and a decline in the load of power batteries, which affected the income of battery suppliers." Cui Dongshu, Secretary General of the Passenger Car Market Information Association, once said this to beijing business today Today.

From the outside world, as the epidemic is gradually controlled, its revenue and net profit should pick up. However, for Contemporary Amp Technology Co., Ltd., things are not so simple, and the once "foundation" technical route has been crumbling.

As early as 20 1 1, Contemporary Amperex Technology Co., Ltd. was established in Ningde City, Fujian Province, but at that time, the power battery track was much slower, and there were already two "self-sufficient" players, BYD and Guo Xuan Hi-Tech.

As the founder of contemporary Amperex Technology Co., Ltd., Zeng Yuqun naturally saw this point, so at the beginning of the company's establishment, he found another way-instead of taking the lithium ferrous phosphate route generally recognized by the market at that time as the main route, he chose the ternary lithium route with higher cost.

Just after Zeng Yuqun made this choice, the policy also helped him.

One year after the establishment of Contemporary Anpu Technology Co., Ltd., the central government issued the "Industrial Plan for Energy Saving and New Energy Vehicles (20 12-2020)", which proposed that the specific energy of power battery modules should reach 150Wh/kg by 20 15 years, and only ternary lithium batteries could achieve this goal at that time.

As a result, under the "acceleration" of the policy dividend, Contemporary Ampere Technology Co., Ltd. surpassed BYD and Guo Xuan Hi-Tech on 20 17 and became the "first brother" in the power battery industry. After that, Contemporary Ampere Technology Co., Ltd. continued to research and develop ternary lithium batteries, and launched and mass-produced "8 1 1 battery" two years later.

The 8 1 1 battery on BMW iX3 is provided by Guan Wei Contemporary Ampere Technology Co., Ltd..

In short, 8 1 1 battery is a ternary lithium battery with the ratio of nickel, cobalt and manganese in the positive electrode material of power battery of 8: 1: 1. The battery can increase the energy density to 170Wh/kg, effectively improving the cruising range of new energy vehicles loaded with the battery.

Although 8 1 1 battery has many advantages, it has been questioned since it came out.

The first is the safety of the battery. According to the report of Future Auto Daily, there were more than 20 spontaneous combustion accidents of new energy vehicles in the domestic market last year, most of which were models loaded with ternary lithium batteries. With the "acupuncture test" between BYD and Contemporary Ampere Technology Co., Ltd. last year, the safety of 8 1 1 battery of Contemporary Ampere Technology Co., Ltd. was placed in the focus of public opinion.

"According to the current technology, it is almost impossible for the 8 1 1 battery system not to catch fire. If the single battery does not catch fire, it is estimated that solid/semi-solid batteries will be used, or the energy density will be greatly sacrificed. " Fu Zhenxing, an expert in the new energy automobile industry, told the story of the automobile market.

In addition to safety, the market share of ternary lithium batteries is gradually being squeezed.

According to the data released by China Automotive Power Battery Industry Innovation Alliance in June last year, the installed capacity of ternary lithium batteries in China was 5.9GWh in June 2020, with a cumulative decrease of 8% year-on-year. The lithium iron phosphate battery * * * was loaded with 4.7GWh, with a cumulative year-on-year increase of 65,438+03%. According to this trend, the installed capacity of lithium ferrous phosphate in 202 1 year will probably exceed that of ternary lithium batteries.

Just like this, there was a rumor in the industry last year that "Contemporary Ampere Technology Co., Ltd. will give up 8 1 1 battery". Although contemporary Amperex Technology Co., Ltd. refuted this rumor, "internal worries" such as the safety and market share of ternary lithium batteries still exist.

Compared with "internal worries", "external troubles" may be more threatening to contemporary Ampere Technology Co., Ltd.

In fact, the reason why Contemporary Ampere Technology Co., Ltd. was able to take the position of "No.1 Brother" a few years ago was not greatly threatened, but also benefited from the support of policies.

20 15 the Ministry of industry and information technology launched the "white list" of power batteries. Domestic new energy automobile enterprises can only get subsidies if they use the batteries of enterprises in the "white list", and Contemporary Amp Technology Co., Ltd. is among the "white list".

In this way, with the support of policies, Contemporary Ampere Technology Co., Ltd. has entered the "fast lane" of development. In 20 19, the installed battery capacity of contemporary Amperex Technology Co., Ltd. such as BMW Brilliance, Yutong Bus, Zhongtong Bus, Xiamen Jinlv, BAIC, CRRC Group and Geely was over 90%.

However, with the cancellation of the "white list" by the Ministry of Industry and Information Technology that year, the "wall" in front of foreign-funded power battery enterprises was knocked down, and these enterprises did not have any obstacles to enter the domestic market. As the "first brother" of the domestic power battery industry, Contemporary Ampere Technology Co., Ltd. is the first to be challenged by foreign battery companies such as LG Chemical and SK.

According to the data released by SNE research, from June to August, 2020, LG Chem's installed capacity of power batteries accounted for 15.9% of the global market, ranking first, and Contemporary Ampere Technology Co., Ltd. ranked second with a market share of 15.5%. After that, although Contemporary Ampere Technology Co., Ltd. regained the position of the first installed power battery in the world in 2020, LG Chem and Panasonic still followed closely.

The ranking of global power battery installed capacity in 2020, the data comes from SNE research and online travel map.

In fact, with the market value of contemporary Ampere Technology Co., Ltd. surpassing China Petroleum, the industry will open a new energy era. However, for the current contemporary Ampere Technology Co., Ltd., in addition to facing its own "internal troubles and foreign invasion", it is also necessary to think about an "old problem"-how to continue to stabilize the "first brother" status of the power battery industry?

"For many competitors, car batteries are usually just one of their business areas. But for us, everything revolves around the battery, and we must become the strongest in this field. "

Shortly after the establishment of Contemporary Ampere Technology Co., Ltd., when asked by the media about the company and its future, Zeng Yuqun once answered this question.

But for contemporary Ampere Technology Co., Ltd., it is not easy to do this.

This is because since the development of the new energy automobile industry, there has been a conventional saying that eggs will not be put in the same basket. In short, any car company will not only choose one power battery manufacturer as a supplier, but choose several at the same time.

Take Tesla for example. At present, its battery suppliers include Panasonic, LG Chemical and Contemporary Ampere Technology Co., Ltd. "In order to ensure the stability of its battery supply, we will choose a number of battery suppliers to supply batteries." Tesla CEO Elon? Musk once said this to the media.

As the head enterprise of domestic power battery industry, Contemporary Ampere Technology Co., Ltd. is not the only choice for car companies.

In 2020, Volkswagen invested 1 1 billion euros in Guo Xuan Hi-Tech, and chose Wanxiang 123 as the supplier. Mercedes-Benz also invested10 million euros in Funeng Technology. Even BMW Brilliance, once the "Bole" of Contemporary Ampere Technology Co., Ltd., chose Yiwei Lithium Energy in July last year.

The reason behind this is simple. Power battery companies can't meet the needs of many new energy vehicle companies. In order to achieve mass production, car companies have to choose a number of power battery companies as suppliers. Even at 202 1, the imbalance between supply and demand still exists.

"In the next five years, the lithium battery industry market will usher in a blowout period and quickly enter the TWh era."

Just last month, at the China Electric Vehicle Committee 100 Cloud Forum, Zeng Yuqun gave such a judgment. In his view, starting from 202 1, the global lithium battery industry will enter a new era, and the demand will be significantly improved. However, on the supply side, the growth of capacity supply in the whole industry chain is relatively slow and the effective supply is insufficient.

In other words, with the rapid development of the new energy automobile industry, the power battery industry has entered a new era, but the basic rules of the industry have not changed-to meet the needs of more automobile companies and seize more markets.

Since the beginning of this year, the demand for power batteries by many new energy vehicle companies has shown a spurt growth.

Tesla's domestic Model Y landed strongly in the domestic market, which once led to official website paralysis due to unexpected price cuts; Then, Weilai released the new model ET7. According to Qin, co-founder of Weilai, the order volume of ET7 also exceeded expectations. After that, Zhiji Automobile also released its own new model and opened the reservation.

Model Y and Weilai ET7 made in Tesla are from Tesla/Weilai Guan Wei.

In addition, domestic new energy vehicle companies such as Tucki, Weimar and Zero Run, as well as traditional fuel vehicle companies such as BMW, Mercedes-Benz and Audi will also launch a number of new models on 20021.

From Tesla, Weilai to Tucki, BMW and other car companies, high-speed heavy volume is increasing the battery supply pressure of power battery manufacturers represented by Contemporary Ampere Technology Co., Ltd. According to the statistics of Advanced Lithium Battery Research Institute, the sales volume of new energy vehicles in China is expected to increase to 1.97 million in 2002/year, with a year-on-year growth rate of over 52%, corresponding to the installed capacity of power batteries reaching 97GWh.

In order to meet the needs of more car companies and seize the market, power battery companies such as Contemporary Ampere Technology Co., Ltd. began a "movement" to expand production.

Just earlier this month, Contemporary Ampere Technology Co., Ltd. announced that it would invest in the construction of power battery bases and power energy storage projects in Yibin, Sichuan, Zhaoqing, Guangdong and Ningde, Fujian, with a total investment of 29 billion yuan. At the end of 65438+February in 2020, Contemporary Ampere Technology Co., Ltd. announced that it would invest 39 billion yuan to increase production and expand production in Fuding, Fujian, Yibin, Sichuan and Liyang, Jiangsu. In just a few months, it has spent nearly 68 billion yuan to expand production capacity.

Then, BYD also announced that it would increase its capital and expand its production in cash.

In addition to the accelerated expansion of head power battery enterprises, the power battery manufacturers behind them have also begun to catch up.

Last month, AVIC Lithium Battery announced that the project with an investment of 5 billion yuan and a planned production capacity of 10 GWh will be put into production soon, and the second phase of the project planning is already in progress. Last year, Guo Xuan Hi-Tech Liuzhou 10GWh power battery production base also started construction; Honeycomb Energy announced an investment of 654.38+05.5 billion yuan to establish a 24GWh battery factory in Europe.

However, while expanding production, power battery manufacturers such as Contemporary Amp Technology Co., Ltd. began to find it difficult to win more markets only through the original expansion method, because since last year, many new energy vehicle companies were unwilling to be "stuck" by battery manufacturers and began to lay out their battery business in person.

In September last year, Musk released his new energy plan on Tesla's "Battery Day" and said that after two to three years, when self-sufficiency is achieved, it is not excluded to export battery products. This year, Weilai, Zhiji Automobile and GAC New Energy all launched their own new battery technologies, which have been used in "Tesla, Weilai, GAC 1000 km battery life". Is it real technology or a new gimmick? This article elaborated in detail.

"Although companies and brands such as Weilai and Zhiji Automobile are still cooperating with power battery manufacturers such as Contemporary Ampere Technology Co., Ltd. in terms of batteries, after these car companies understand the battery production process, there is a high probability that they will truly independently develop batteries like Tesla. That can make the cost lower. " A practitioner in the power battery industry said to connected travel.

For this reason, in order to maintain the "number one" position in the power battery industry in the new era, Contemporary Amp Technology Co., Ltd. not only continued to lay out and develop the power battery business, but also began to expand into other businesses.

Beijing business today reported today that since last year, Contemporary Ampere Technology Co., Ltd. has invested in similar battery manufacturers and set foot in the fields of upstream battery raw materials, securities, automobile manufacturing, artificial intelligence and autonomous driving. On June 5438+ 10 this year, Contemporary Amperex Technology Co., Ltd. also participated in the C+ round of financing of artificial intelligence chip company Horizon.

Contemporary Ampere Technology Co., Ltd. invests in Horizon information, and the screenshot comes from "an enterprise information inquiry platform"

From the industry point of view, it is not surprising that Contemporary Ampere Technology Co., Ltd. began to invest in the upstream and downstream of the supply chain and emerging technologies. Participating in investment and business layout in other fields can not only stabilize supply and share risks, but also enhance their competitiveness in the industry.

Now, with the rapid development and popularization of new energy automobile industry, it is certain that the market value of contemporary Ampere Technology Co., Ltd. surpassing China Petroleum is not the end of development, but a new starting point. However, if contemporary Ampere Technology Co., Ltd. wants to maintain its position as a "big brother" in the new energy era, it needs to take the initiative to attack at any time with the changes of the times.