Tesla, who has passed the rampant production stage, already has bargaining power with mainstream manufacturers.
Tesla’s battery cooperation finally landed. Ningde Times announced today that it will provide Tesla with lithium-ion power batteries. Earlier, Musk also mentioned in a conference call after the announcement of the fourth quarter financial results on January 30 that it had reached a new cooperative relationship with LG Chem and Ningde Times.
Before, the Ningde era had a scandal with Tesla. Tesla’s contact with the Ningde era was also an open secret in the industry. With the advancement of Tesla’s localization, the localization of the supply chain is also firmly established. According to CITIC Securities, there are currently only 130+ suppliers indirectly and directly involving Tesla, of which domestic companies account for more than half.
The value of Model 3 is mainly concentrated on the three power systems. The suppliers that entered Tesla’s supply chain before were mainly concentrated in the field of body chassis and interior and exterior trims with low technical barriers and lower body value. Labor capital Intensive industries, with relatively low labor and raw materials, this type of supplier has an advantage. Due to the bottleneck of Panasonic’s production capacity, the introduction of Tesla’s Ningde era also means that domestic suppliers have entered Tesla’s core links for the first time. The domestic version of Model 3 has broken into less than 300,000. The degree of localization is higher, and there is more room for price reduction.
However, the longer-term value lies in the fact that the increase in battery links brought by the LG Chemical and Ningde era can also allow more companies to enter the Tesla industry chain, which is similar to the original demonstration effect of Apple’s entry into China to form an industrial chain. Can help polish the domestic automotive industry chain. Tesla’s domestic production and delivery is just beginning, and it is too early to show demonstration effects, but for the industrial chain companies, the sooner it gets on board the big ship, it is also good.
Affected by the epidemic, the broader market opened lower and lower today. Shanghai Stock Exchange and Shenzhen Stock Exchange fell by 8% respectively. As of press time, Ningde Times quoted 136.7 yuan per share, an increase of 7.03%. Prior to this, after the auto expansion valve manufacturer Sanhua Intelligent Control entered the Tesla industry chain, it has successively won orders from Volvo and Volkswagen.
Tesla announced financial data on the 30th, showing that Q4 company achieved revenue of 7.38 billion US dollars and net profit of 105 million US dollars. It is worth noting that free cash flow was 10.1 billion US dollars, far higher than the previous market Estimated $ 429.5 million; Q4 Model 3 produced 86,958 units, up 9% month-on-month, and delivered 92,620 units, up 16% month-on-month.
Tesla, which has passed the rampant production stage, already has bargaining power with mainstream manufacturers in China. From the careful expression of the Ningde Times announcement, it can also be seen that it claims that the product purchase volume shall be subject to Tesla’s subsequent specific purchase orders, and that it has signed the agreement with Tesla, Inc., and Tesla is still required ( Shanghai) Co., Ltd.
According to Daily Economic News , According to industry insiders, the technical standards and principles used to manage square and cylindrical batteries are quite different. The difficulty in cooperation between the two parties lies in how Tesla and Ningde era played a technical game on the overall management system of battery cells. “Whose battery With deeper management technology, who can provide safer and more reliable battery management technology, whoever is on the leading side in bargaining power. “