After a series of sharp falls, Ningde finally couldn't sit still, came out over the weekend and issued a statement, and then spread the messy news that he would have to warn the lawyer's letter.
Generally large companies have "idol baggage", gossip news does not care to respond, at most the secretary of the board of directors orally replied, this time Ningde specially issued a statement, but also stamped the official seal, indicating that it is indeed urgent. The person in charge of Tesla also followed up with the rumors today, saying that "the talk of collapse is indeed not true."
In fact, most people know in their hearts that Ningde is almost impossible to be kicked out of the ChiNext index, nor is it possible to break the relationship with Tesla, but the stock price has fallen sharply recently, and the sentiment of shareholders lacks a cathartic outlet. Ningde's main problem now is the negative cycle of institutions, although a wave fell by 20%+, but the people who make money are still a lot. If the market continues to wither later, even if the fundamentals are not problematic, the secondary market may still not have a good face.
From the perspective of the prosperity of the industrial chain, the new energy vehicle has always been very good. Last week, the price of lithium carbonate exceeded 400,000 tons, Ningde's 45 billion fixed increase plan was also approved, and BYD's sales in January increased by 126% year-on-year, and the upper, middle and lower reaches were verified by facts. Last month, LG New Energy Vehicle was successfully listed on the Korean stock market, and from the disclosed prospectus data, we have a new understanding of the global competitive landscape of new energy vehicles.
LG New Energy first announced its ambitious expansion plan, raising 53.6 billion yuan, 78% of which was used to expand production capacity, 16% to technology research and development, and the remaining 6% to upgrade existing local production capacity. After that, it also sorted out the timetable for banning the sale of fuel vehicles in major countries around the world, and gave the release plans of global automakers for electric vehicles.
During the period, LG New Energy did not forget to acidize the Ningde era, suggesting that the latter's current global hegemony, relying on the white list policy of the Ministry of Industry and Information Technology of China in 2015-2018, subsidized domestic cars, resulting in its own setbacks and turning to conquer the European and American markets. When Ningde grew up, although the policy was relaxed, the market had been firmly occupied by Ningde and could no longer return to heaven.
In the prospectus, LG New Energy also mentioned a very important point, because the battery has the highest value in the vehicle, so many downstream car companies have also begun to internalize the production of this piece. Everyone is familiar with BYD is its own battery, as well as Volkswagen, Volvo, Tesla, Toyota, Hyundai and other global mainstream car manufacturers, have their own battery internalization plans, many of which have pulled the time point of production capacity landing to 2030, which also verifies the prosperity of new energy vehicles from the side, and will last for a long time in the future.
Such a big cake is placed here, in addition to the players in the field who want to expand the territory, the players outside the field also want to come in and share a piece of the pie. On Friday night, Luxshare Precision issued an announcement to invest 10 billion yuan and Chery New Energy to jointly form a joint venture company, engaged in the research and development and manufacturing of new energy vehicles, providing cutting-edge R&D design, mass production platform and sea exit for Luxshare Precision's core auto parts business, and is committed to achieving the company's medium- and long-term goal of becoming a leading manufacturer of auto parts Tier 1 (a tier-1 supplier of automakers).
We speculate that Luxun's cooperation with Chery this time is mainly to obtain vehicle production qualifications and facilitate cooperation with Apple to build cars later. Last year, Foxconn also announced the establishment of a joint venture with Stellantis, the world's fourth largest automobile group, to enter the car manufacturing field. These two companies do the same thing, and it's hard not to think about whether there is a super player's will behind it.
Apple's car manufacturing first began in the Titan plan in 2014, and then it has been in contact with automakers and parts suppliers, and has also dug up the original BMW's technical bull. According to the latest news from foreign media, Apple plans to produce a pure electric vehicle in 2024.
Due to the trend of electrification of automobiles, the traditional powertrain (engine, gearbox) is replaced by a three-electric system (motor, electronic control, battery), and the technical threshold is lower. In addition, the intelligent trend of the car, from the past hardware definition to the future hardware + software definition, is also conducive to the entry of players like Apple.
Previously, some institutions have made predictions that the layout mode of Apple's car will also be modeled on the layout mode of mobile phones, the core chip, operating system, and motor electronic control will be carried out through self-research + OEM, and battery and vehicle manufacturing will seek partners.
We speculate that the supply chain of Apple Cars is mainly based on Tesla supply chain manufacturers, and a small number of devices are supplied by Apple consumer electronics manufacturers. Bullish car companies can't look up to Apple, not cattle Apple itself can't look up, Luxun, Foxconn before the long-term cooperation with Apple accumulated industrial production process management capabilities, is what Apple looks at.
If Apple really launches a new car in 2024, the industrial chain will definitely move in advance before this, and the time will be almost the same.
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