It is difficult for upstream car companies to return money, and power battery companies are facing a big test.
The new energy automotive industry is accelerating the reshuffle and the domino effect appears. Recently, the Becker’s arrears are constantly fermenting. Due to the inability of Zotye to pay back, and affecting the financial situation of the upstream and downstream companies related to BAK Power, A-share companies such as Xinzhoubang, Hangke Technology and Dangsheng Technology have joined the camp for bad debts.
Bick Power has been one of the most important battery suppliers for Zotye. The cooperation between the two companies began in 2014. Prior to this, BAK’s supply of Zotye’s power battery accounted for 60% of its total. .
In 2019, due to the continued sluggish sales of cars, due to the subsidy of subsidies for new energy vehicles, Zotye Motor encountered difficulties such as a decline in performance reports and collective complaints from suppliers to recover contracts. BAK Power is also one of the victims. Not long ago, BAK Power sued Zhongtai Automobile for 650 million yuan in arrears, according to Bick Power’s parent company China Bick Financial News, which recorded in the first half of this year. A loss of 35,093,800 yuan.
Bick said in an interview with the media, “In 2019, there was almost no return from Zotye, and no high-level officials had actively negotiated.”
Bicker battery “burst” may be just a microcosm of the power battery industry adjustment. As the subsidy mode of new energy vehicles shifts from car to infrastructure, the demand for automobile consumption is suppressed, and the automobile brands with insufficient product strength are beginning to sell, and the subsidy settlement delay is superimposed, and new energy automobile enterprises are under pressure.
In industrial collaboration, the billing cycle between battery manufacturers and car companies is generally long. One industry source said that the return period is usually three months, and sometimes even more than one year. As a power battery supplier with a large cost of electric vehicles, it is currently facing a major test with car companies.
It’s not just Zotye. Lifan, Cheetah and Huatai Motors, which faced rumors of “bankruptcy”, have more suppliers to be affected. The industry official said that it is not just BAK Power. “At present, most of the battery factories, including BMS companies, have accounting problems, and the upstream customers can’t get back the money.” “It is estimated that in addition to the Ningde era, BYD, other days. It’s not good, car companies can only lend the car to the supplier at a low price.”
In addition to the pressure of returning money, the decline in power battery cost is a big trend in the future, and it is also pushing this power battery company to accelerate the development of technology while expanding production capacity. Under the “internal worry”, battery suppliers are also facing “external troubles” in the demand for Japanese and Korean power batteries to enter the market in China. At present, some automotive power battery suppliers have begun. Turn to civilian-grade battery products, such as electric two-wheelers, electronic products. “ Among them, it is understood that BAK Power has began to lean toward the energy storage field and the light and small power field.
Zhongtai and Bick’s “Lianhuan Lei” incidents show that the reshuffle of the entire automobile industry is still going on, and the long tail brand’s car companies have not been eliminated, and the next living space will be squeezed. In the tight automobile industry chain, there is a difficulty in one link, and the entire chain may suffer from the loss of interests, which is enough to raise vigilance in the industry.