In terms of performance, the first half of the year , power battery the net profit of five A- share listed companies (Ningde era, BYD, Yiwei Lithium Energy, Guoxuan Gaoke, Sunwoda) in the top 10 vehicles is only slightly reduced, and the rest have achieved positive growth. Among them, sunwoda net profit increased by nearly 90% year on year.

According to the data released by China Automotive Power Battery Industry Innovation Alliance, in the first half of the year, the cumulative loading capacity of China's power batteries was 203.3GWh, with a cumulative year-on-year increase of 33.7 percent, of which the top 10 loading capacity accounted for 96.1 percent.

From the perspective of market performance, power battery manufacturers show a trend of "The stronger, the stronger, the stronger", and profits are concentrated in the head.

In terms of performance, in the first half of the year, the total revenue of five A- share listed companies (Ningde era, BYD, yiweilieng, Guoxuan Gaoke, Sunwoda) in the top 10 loading capacity exceeded 530.2 billion yuan, with an average revenue of over 106 billion yuan, among them, the revenue of Ningde era and Yiwei Lithium Energy decreased year-on-year; The total net profit exceeded 39.7 billion yuan, and the average net profit exceeded 7.9 billion yuan. Only Yiwei Lithium Energy's net profit decreased slightly, while the rest achieved positive growth. Among them, sunwoda net profit increased by nearly 90% year on year.

It is said that "involution" of the battery new energy industry chain has become the main theme this year, so what is the head enterprise rolling? The battery network analyzes the power and energy storage business income, shipment, installation and production capacity of five A- share listed companies, as well as customer development, research and development innovation, supply chain, innovative products, global layout, etc.

Ningde era increased profits without increasing income capacity utilization rate reached 65.33%

ningde era (300750) in the first half of gross trading income about 166.77 billion yuan, down 11.88% year on year; Net profit attributable to shareholders of listed companiesRun about 22.87 billion yuan, an increase of% year-on-year.

In the first half of the year, Ningde era power battery revenue was about 112.6 billion yuan, down 19.20 percent year-on-year; Energy storage battery system revenue was 28.8 billion yuan, up 3 percent year-on-year.

At present, Ningde era battery capacity is GWh and under construction capacity 153GWh; In the first half of the year, the battery output is 211GWh, and the capacity utilization rate reaches 65.33%.

In terms of shipping ranking, Ningde era is the world's leading power battery and energy storage battery enterprise. In the field of power batteries, according to SNE Research data, the company ranked first in the world for 7 consecutive years from 2017 to 2023, from January to May, 2024, the company's power battery usage accounted for of the global market, 2.3 percent age points higher than the same period last year, still ranking first in the world. In the field of energy storage, according to SNE Research data, the company ranked first in the world in terms of energy storage battery shipments for three consecutive years from 2021 to 2023. From January to June, 2024, according to the statistics of relevant agencies, the company's energy storage battery shipments continue to maintain the world's first market share.

In terms of customer development, the market position of Ningde era comes from the most extensive global customer group coverage and all-round in-depth cooperation with customers. In terms of power batteries, the company has deepened global cooperation with overseas car companies such as BMW, Daimler, Stellantis, VW, Ford, Hyundai, Honda, Volvo, etc. It continues to cooperate with SAIC, Geely, Weilai, ideal, yutong, Xiaomi, BAIC and other domestic car enterprises have strengthened their cooperative relations. In terms of energy storage batteries, the company has carried out in-depth business cooperation in many regions and fields with leading customers in overseas new energy industries such as Fluence, Nextera, wärtsil, Flexgen, Hyosung, etc, china Electric Power Investment Group, China Huaneng, China Huadian, China Nuclear Power Group, China Yangtze River Three Gorges Group, China energy Construction Group and other domestic customers have reached cooperation in the field of new energy.

In terms of R & D innovation, based on its strong R & D strength, Ningde era has successively launched innovative technologies and products such as high nickel ternary battery, CTP structure, M3P battery, sodium ion battery and Shenxing 4C Super rechargeable battery., in the energy density, cycle life, group efficiency, fast charging performance, safety, cost and other major indicators in the industry continue to lead. The company has been deeply engaged in advanced research and development fields such as solid-state batteries for many years, taking the lead in releasing condensed batteries that can be applied in aviation field, and actively promoting the implementation of integrated intelligent chassis, chocolate Power Exchange and other projects. By the end of June, the company had 12,828 domestic and overseas patents, and the total number of domestic and overseas patents being applied for was 23,830.

In terms of supply chain, Ningde era actively creates a resilient supply chain with high efficiency, agility, technological innovation, continuous cost reduction and green and low carbon. Through technical authorization, long-term agreement, joint venture cooperation and other means, the company has conducted in-depth cooperation with high-quality suppliers in important upstream links such as positive electrode materials, negative electrode materials, diaphragm, electrolyte and other materials and equipment, while ensuring the safe supply of important raw materials and equipment and controllable costs, we will jointly promote the research and development of new technologies with suppliers to jointly build a supply chain system with sustained global competitiveness. At the same time, the company further improved the layout of high-quality battery mineral resources such as lithium, nickel, cobalt and phosphorus, and promoted the project development and operation according to the market situation and its own needs.

In terms of innovative products, in the field of passenger cars, Ningde era released Shenxing Plus battery on the basis of last year's release of Shenxing 4C Super rechargeable battery, which can achieve system energy density exceeding 200Wh/kg, it is the world's first lithium iron phosphate battery with 1,000km battery life and 4C super charge characteristics. It has launched a new generation of KIRIN high-power battery with a discharge power of over 1,300KW, which can help new energy vehicles accelerate within 2 seconds. In the field of commercial vehicles, the Tianxing L-ultra-charge version launched by the company is the world's first 4C ultra-charge light commercial vehicle power battery, which can realize 4C ultra-charge and 8-year 800000-kilometer ultra-long mileage. In the field of energy storage, the company has released the world's first Tianheng energy storage system with zero attenuation in 5 years and 6.25MWh of monomer. Compared with the previous generation, the energy density per unit area of products has increased by 30%, and the floor area has decreased by 20%, it can further improve the return rate of energy storage projects.

In terms of global layout, Ningde era steadily promoted the construction of battery capacity to meet the global customer order delivery needs. On the domestic side, the company smoothly promoted the construction of Zhongzhou base, Guiyang base, Xiamen base and so on, among which some production lines of Xiamen base and Guiyang base have been put into operation, and officially launched the construction of Beijing base in June, 2024; Overseas, the German factory of the company obtained the dual certification of Volkswagen Group module testing laboratory and cell testing laboratory, becoming the first in the world to obtain the module certification of Volkswagen Group, the first battery manufacturer in Europe certified by Volkswagen Group cell has completed some factory seals in Hungary.Top and equipment debugging, and related construction work is progressing in an orderly manner.

BYD's net profit in the first half of the year was 13.631 billion yuan. Global power battery loading volume increased by 22% year on year.

BYD (002594) achieved revenue of 301.127 billion yuan in the first half of the year, an increase of 15.76 percent year-on-year; Net profit attributable to shareholders of listed companies was 13.631 billion yuan, an increase of 24.44 percent year-on-year.

In the first half of the year, the total installed capacity of BYD's new energy vehicle power batteries and energy storage batteries was about 72.555GWh.

Among them, in the field of power batteries, in the first half of the year, BYD's domestic power battery loading capacity was 50.51GWh, accounting for, ranking second; In the world, the company's power battery loading capacity ranked second, with the loading capacity reaching 57.5GWh, A year-on-year increase of 22% and a market share.

BYD has core technologies such as batteries, motors, electronic controls and complete vehicles to realize multiple breakthroughs in power performance, safety protection and energy consumption of new energy vehicles, and accelerate the transformation and upgrading of the global automobile industry.

BYD's world-leading pure electric and plug-in hybrid technology continues to lead the market and has been widely used in passenger cars and commercial vehicles. BYD's new energy vehicle products have spread to 6 continents, more than 80 countries and regions and more than 400 cities around the world.

BYD is one of the world's leading manufacturers of secondary rechargeable batteries. In the field of consumer batteries, lithium-ion batteries produced by BYD are widely used in all kinds of consumer electronics and new intelligent products. Their main customers include leading manufacturers of consumer electronics such as Samsung, Dell and Lenovo. In the field of power batteries, BYD has developed a highly safe lithium iron phosphate battery-"Blade battery" to better solve the market safety pain points and accelerate the lithium iron phosphate battery to return to the mainstream circuit of power batteries. In the field of energy storage batteries, BYD has made great efforts in application fields such as power side energy storage, power grid energy storage, industrial and commercial energy storage, household energy storage, etc. to provide customers with cleaner and more sustainableContinued energy storage solutions.

Yiwei lianneng's revenue and profit in the first half of the year have decreased. The shipment of energy storage batteries has greatly surpassed the power batteries.

Billion Wei Li energy (300014) realized operating income of 21.659 billion yuan in the first half of the year, down 5.73 percent year-on-year; Net profit of the parent was 2.137 billion yuan, down 0.64 percent year-on-year.

In the first half of the year, Yiwei lithium power battery segment achieved revenue of 8.99 billion yuan, a year-on-year decrease of 26%, power battery shipments of 13.54GWh, a year-on-year increase of; Energy storage battery segment achieved revenue of 7.77 billion yuan, the year-on-year growth rate was 9.9 percent; The shipment of energy storage batteries was 20.95GWh, significantly catching up with power batteries, up 133.18 percent year-on-year.

In terms of global layout, ACT company, the first CLS model Landing project of Yiwei lianneng, started smoothly in Mississippi, USA. The company is established by Yiwei, a wholly-owned subsidiary of Yiwei Lithium Energy, and is jointly established with Daimler Truck, PACCAR, and Electrified Power. It plans to produce square lithium iron phosphate batteries, which are mainly used in the designated North American commercial vehicle field, with an annual capacity of about 21GWh, three foreign enterprises and their affiliates will also become major customers, purchasing most of the products of the factory.

In terms of R & D innovation, yweilieng has trained more than 5,000 R & D personnel, has 230000 square meters of high-level research institutes, and has built 19 large R & D laboratories and medium test lines. By strengthening the transformation of achievements and rapidly responding to market demands, a technology development system adapted to the competition and the needs of enterprise development has been formed. Relying on advanced scientific research platform and international and systematic technical team, the company has conquered a number of core technologies of lithium batteries, and has successively won 5 Chinese Patent Excellence Awards, 1 second prize of National Science and Technology Progress Award, one Guangdong provincial patent Silver Award, three Guangdong provincial Patent Excellence Awards, two Guangdong provincial science and technology first prizes and one China Light Industry Federation Science and Technology Invention First Prize have achieved remarkable results.

In terms of innovative products, Yiwei Lithium Energy attaches great importance to the investment in product research and development and the improvement of its own research and development strength, and actively carries out the research and development of new products and technical reserves according to the development trend of the industry. In the field of power batteries, Omnicell all-purpose battery realizes quick charge of 6C and millisecond-level dynamic response, and the endurance in low temperature environment is increased by 20%, and the strength reaches 6.6 times the national standard; In the field of energy storage, through immersion liquid cooling, efficient 3T thermal management, intelligent battery management and other technologies have successfully solved the industry problems of energy storage safety and reliability. In the field of eVTOL aircraft, the energy density has reached 320Wh/kg, up to 10C power output to achieve fast charging capability of <10 minutes. In addition, the company has also achieved remarkable research results in the fields of lithium metal secondary batteries, solid-state batteries, sodium ion batteries and hydrogen fuel cells.

In terms of supply chain, Yiwei Lithium Energy is actively laying out the upstream and downstream of the industrial chain and building a stable strategic supply chain to ensure the supply safety and cost management of resources such as nickel cobalt lithium and key battery materials. At present, it has been established from nickel cobalt lithium resources to battery materials (including positive electrode materials, negative electrode materials, separators, electrolyte, copper foil, aluminum foil, etc.) to battery production, complete industrial chain layout for recycling and remanufacture. The company continuously expands the breadth and depth of the industrial chain to build a resilient supply chain system.

In terms of customer development, yweilieng has won the support of high-quality customers at home and abroad in many subdivision fields. In the passenger car market, the company has entered the supply chain of world-class passenger car enterprises, providing products for Mercedes Benz, Hyundai Kia and so on, and won the awards of German BMW Group, Jaguar Land Rover, Rimac, the designated supplier qualification of customers such as GM. It has reached cooperation with domestic leading electric vehicle manufacturers Xiaopeng, Guangqi ai'an, Changan Automobile and United Automobile, and has realized the large-scale supply of products. In the commercial vehicle market, the company has in-depth cooperation with domestic mainstream commercial vehicle manufacturers. In the construction machinery market, it serves the global leading enterprises of engineering power, and has established deep cooperative relations with many domestic head customers to jointly promote the electric transformation of construction machinery. In the energy storage market, the company actively participates in the construction of the smart grid of the State Grid and China Southern Power Grid, cooperates with Lin Yang energy and sunshine power to carry out the energy storage battery project, and works with POWIN, wärtsil, ABS signed a supply agreement and shared shares in wotai energy to jointly build a new platform for the energy storage industry.

In the first half of Sunwoda, net profit innovation and high energy storage system revenue grew fastest.

Sunwoda (300207) revenue in the first half of the year was 23.9 billion yuan, up 7.5% year-on-year; Net profit was 0.82 billion yuan, up 87.8% year-on-year, both of which were 2It has reached a new high since its listing in 011.

In the first half of the year, the revenue of the Sunwoda power battery sector was 6.2 billion yuan, up 19% year-on-year, accounting for 26%; The revenue of the energy storage system increased by year-on-year, the fastest growth among the three major sectors, however, the proportion of revenue is only 2.5%.

In the first half of the year, Sunwoda power battery shipments were 8.33GWh, an increase of 66.93% year-on-year; Energy storage cell shipments were 0.98GWh, but it did not disclose the data for the same period last year.

In terms of innovative products, Sunwoda continue to invest in new technologies, and continue to develop advanced battery products such as solid-state batteries, lithium metal batteries, Silicon negative electrode high specific energy batteries, manganese phosphate lithium batteries, sodium ion batteries, etc, meet the future diversified needs of end customers. The company's first-generation semi-solid-state battery has been developed. Cell samples of the energy of the second-generation semi-solid-state battery have been tested in pilot scale. The third-generation polymer composite all-solid-state battery has been verified in laboratory, product development is expected to be completed in 2025. The fourth generation all-solid-state battery is still under development, and it is expected to complete laboratory sample production in 2027.

In terms of customer development, Sunwoda cooperated more deeply with domestic mainstream car companies and new power head customers, and delivered many popular models in mass production. At the same time, the company has expanded the cooperative relationship between well-known foreign automobile manufacturers. In the field of super fast charge, the product maturity and stability are leading in the industry, and it has won the fixed point of many head customer models; In the field of power exchange, the first national standard "safety requirements for electric vehicle power exchange" (GB/T40032-2021) in the field of power exchange drafted by the company has been implemented and applied; In the field of commercial vehicles, it has supported many customers and has been listed in mass production.

In terms of global layout, in order to cooperate with the future continuous expansion and the implementation of industrial chain strategy integration, under the vision of Shenzhen and serving the world, Sunwoda has been in Guangdong, Jiangsu, Zhejiang, Shandong, jiangxi, Sichuan, Hubei and other provinces, as well as India, Vietnam, Hungary, Morocco and other countries have laid out many production and manufacturing bases.

Guoxuan Gaoke's net profit in the first half of the year increased by nearly 30% year-on-year. The layout of the top ten overseas bases was initially formed.

In the first half of the year, the revenue of Guoxuan High-tech power battery system was 11.701 billion yuan, an increase of 11.67 percent year-on-year, accounting for 69.67 percent of the total revenue; The revenue of energy storage battery system was 4.339 billion yuan, an increase of 4.64 percent year-on-year, 25.84 percent of total revenue.

In terms of shipping ranking, according to the data released by SNE South Korea, a Research market Research organization, the global electric vehicle power battery usage reached 364.6GWh in the first half of this year, up year on year. Guoxuan High-tech battery loading capacity is 9GWh, an increase of 38.2% year on year, ranking eighth in the world. In the field of energy storage, the company is growing steadily. According to the data released by Info Link, a renewable energy research institution, in the first half of this year, among the top 10 enterprises in global energy storage Consulting shipments, the company ranked seventh, and the overall ranking has improved.

In terms of base construction, the layout of production bases such as Chicago, Michigan, Slovakia, Argentina, Morocco, Vietnam and so on in Guoxuan is advancing, and the layout of the top ten overseas bases in cladding material, cell and Pack is initially formed.

In terms of R & D and innovation, Guoxuan Gaoke has continuously invested plus-sized in R & D, and has made progress in material system R & D, battery manufacturing technology, manufacturing technology capability and product application. The R & D technical team of the company has more than 7,000 people. By the end of June, 2024, a total of 9,295 patents were applied, and a total of 5,534 patents were authorized, including 1,330 invention patents (including 94 foreign patents), there are 3,764 utility model patents and 440 exterior designs. A total of 290 research papers, 24 science papers, 192 core publications and 266 copyright registrations have been published. A total of 92 research papers were hosted and participated in standard setting.

In terms of supply chain, Guoxuan hi-tech is a battery enterprise that has been involved in the upstream layout earlier. It has successively laid out upstream raw materials such as mineral resources, precursor, positive electrode, negative electrode, copper foil and diaphragm, as well as cell, battery pack and battery recycling, forming a relatively complete industrial chainEcosystem. On the upstream resource side, the Company accelerated the development and layout of mineral resources in Yichun, Indonesia, Argentina and other places, and steadily improved the production capacity of materials bases such as Lujiang, Feidong and Wuhai. At the battery manufacturing end, the company further optimizes the capacity layout, improves the battery manufacturing capacity, transforms and expands domestic production bases, and accelerates the layout of overseas bases such as Asia Pacific, Europe and Africa, and America.

In terms of customer development, Guoxuan Gaoke and Chery Automobile, SAIC GM Wuling, Jianghuai Automobile, Changan Automobile, Geely Automobile, SAIC Chase, Huawei, State Grid, China Tower, Waneng Group, customers such as Volkswagen, TATA, Vinfast, and Riviera maintain good long-term cooperative relationships. Battery products are widely used in new energy vehicles, industrial and commercial energy storage, household energy storage and other fields.

In terms of global layout, Guoxuan High-tech pays attention to the expansion of the international market, focusing on the three major sectors of America, Europe, Africa and Asia-Pacific, and actively seeking international cooperation. Its products have been exported to Thailand, Indonesia, Vietnam, India, Singapore, the United States, Canada, the European Union and other countries and regions around the world. On the other hand, under the globalization strategy, the company comprehensively promotes the construction of overseas production bases and the layout of research and development, and accelerates the process of localized production and research and development. Currently, Germany, Indonesia, Thailand, the products of four Pack factories in Silicon Valley in the United States have been successfully offline. The company has established long-term strategic partnership with famous overseas enterprises to jointly explore the global new energy market and continuously enhance the company's market share and international competitiveness.

In terms of innovative products, Guoxuan Gaoke continues to build an energy science system based on material science and digital science, promoting the maturity of material system, battery manufacturing technology, manufacturing technology capability and product application end, progress. The company has released the development progress of 5C ultra-fast charge G engraved battery, high nickel ternary cylindrical star morning battery, and the first Jinshi battery based on all-solid-state battery technology, adding more than 500 global patent technology licenses.