Power exchange can save time, reduce costs, and completely solve mileage anxiety; the cost of power batteries accounts for about 40% of the price of the whole vehicle, and under the separation of vehicles and electricity in the power exchange mode, consumers can choose not to buy power batteries and use the rental method, which greatly reduces the cost of car purchase.
For the Ningde era to enter the battery replacement battery market, Guotai Junan's view is that power exchange technology is currently one of the general directions of electric vehicle development, as an energy source for electric vehicles, power exchange has advantages in economy and maturity. This means that the product structure of the Ningde era will be more abundant, the market depth and market share will be further improved, and the profitability will gradually increase.
Judging from the technical indicators, the decline of the ChiNext index began to converge, and the trend gradually stabilized. As the first weighted stock of the ChiNext index, catalpin times has entered the recovery channel of the current technical chart line, and the positive feedback to the ChiNext index is also gradually brewing.
2021 data show that the number of domestic substations is a total of 1298, compared with 2020 growth, sub-operators, Weilai has 789 substations, accounting for 60.8%, Aodong has 402 substations, accounting for 31.0%, hangzhou Botan has 107 substations, accounting for 8.2%. More than half of the market is still occupied by the value-added services of downstream car companies. AVIC Securities conservatively expects that the number of new power stations in China will be more than 20,000 in 2025, according to which the total investment in new substations during the "14th Five-Year Plan" period will reach 127.6 billion yuan. If the entry of the Ningde era can accelerate the development of the industry, equipment manufacturers may take the lead in benefiting.
Soochow Securities combs the relevant targets in detail as follows:
Hanchuan Intelligent: Extended from automotive electronics production line provider to power exchange equipment supplier. The technical advantages of the company's power exchange are mainly reflected in the identification accuracy, transmission stability and assembly speed.
GCL Energy: An advanced operator of clean energy, cutting into the operation service of the replacement power station. The company implements the "electric port model", cooperates with car companies and travel platforms to launch power replacement models and corresponding power stations, and integrates power exchange resources as a third-party platform.
Shandong Weida: Its Swopu and NIO have cooperated in depth to enter the power exchange equipment market. In 2016, the company acquired Suzhou Demike and began to carry out power exchange equipment research and development and technical reserves; in August 2017, it established a joint venture with NIO to establish Kunshan Swopu to lay out the substation business.
HKUST Intelligence: Strategic cooperation with NIO to enter the field of power exchange equipment earlier.
Shanghai Jiuhang (unlisted): Manufacturer of charging and swapping equipment, providing charging and swapping and energy system solutions.
Botan Technology (unlisted): Innovate the "sub-box power exchange" model and actively promote the separation of vehicle and electricity.
Infit: Increased capital and invested in Auswell layout substation equipment, and formed cooperation with Botan Technology.