On January 18, CATL released the power exchange service brand EVOGO and the overall solution of combined power exchange through the online press conference, officially entering the power exchange market of vehicle and electricity separation.
According to the press conference, the combined power exchange solution consists of three parts: the power exchange block, the quick change station and the APP:
Among them, the battery change block is given an extremely "cute" name - the chocolate change block, which is like chocolate, which can be broken open and reassembled to meet the needs of different mileages. The battery adopts the latest CTP technology in the Ningde era, a single battery can support an endurance of about 200 kilometers, and a combination of multiple batteries can meet the endurance of 400-600 kilometers.
Based on the battery, it is also accompanied by a change station. According to reports, each substation only needs to occupy the space of three parking spaces, and it only takes one minute for each block to change power, and 48 batteries can be stored in the station. At the same time, CATL has also developed a supporting APP for car owners to use, realizing the link and service of "people, cars, stations, and blocks".
After watching the entire conference, it can be said that the EVOGO power exchange system in the Ningde era has been relatively perfect. Today we will talk about the Ningde era into the power exchange track.
First, the policy guides the way, which is conducive to changing electricity
The development of the new energy-related industrial chain is mostly based on policies and policies, and this power exchange is no exception. The development of the mainland power exchange model has gone through three stages: "testing the waters - difficult exploration - ushering in the outlet". In the early stage of testing the water, due to the small number of new energy vehicles and different standards, the development of the power exchange mode is slow.
However, in May 2020, the power exchange was written into the government report for the first time, and the power exchange finally ushered in the outlet; in July of the same year, the Ministry of Industry and Information Technology also made a statement to vigorously promote the construction of charging infrastructure.
Since entering 2021, the state has intensively promulgated policies to encourage power exchange. In November 2021, the national standard of "Safety Requirements for Electric Vehicle Replacement" to solve the core pain points of power exchange difficulty in standardization was officially implemented, further promoting the development of the power exchange industry.
Even on the day of the release of EVOGO in the Ningde era, the "14th Five-Year Plan" modern comprehensive transportation system development plan issued by the State Council also mentioned the proposal to improve the layout of urban and rural public charging and replacing networks.
Second, the Ningde era has long been laid out and has many advantages
In fact, the Ningde era into the power exchange track is not a whim, but as early as 2019 carried out the layout of the power exchange. From the establishment of a joint venture company in June 2019 to lay out two-wheeler power exchange; to the layout of charging and replacing facilities in March 2020, and in August of the same year, it cooperated with new power car companies to launch battery charging and replacement, free battery replacement and other solutions; and now released EVOGO, CATL has been following the pace of policies and grasping the general direction of power replacement.
So, what are the advantages of the power exchange system laid out in the Ningde era?
1. For consumers, the introduction of the power exchange system can solve the problems of mileage, convenience of power replenishment and battery purchase cost to a certain extent
Due to the rise in raw material prices, the cost of batteries has risen rapidly, which means that people cannot buy new energy vehicles with large power and high cost performance in the short term. For new energy car owners, in the case of daily commuting, they usually only use 10%-20% of the vehicle's electricity, but in order to meet the occasional long-distance demand and solve the long-range battery anxiety, car owners usually choose to buy a battery with a larger power, and the price is correspondingly more expensive.
Through the cooperation of the battery block and the quick change station, the owners can rent electricity on demand, free choice, can rent a battery in the urban area, and rent 2-3 batteries to meet the travel needs. This method not only solves the long-range battery life anxiety, reduces the cost of battery purchase, as long as the coverage rate goes up, it can also be combined with the current power supply method to effectively improve the convenience of power supply.
2. For CATL, the use of EVOGO is conducive to its all-round business expansion
First of all, the use of EVOGO APP gives the Ningde era a direct C-end consumer scenario, and the construction of the quick change station is also conducive to the development of its battery recycling and energy storage business, which can help form a closed loop of the industrial chain of "research and development, manufacturing, operation, recycling, and energy storage".
Secondly, with the popularity of electric vehicles, the market space for energy supply is huge, according to relevant data, it is expected that the scale of the mainland power exchange market will reach 500 billion yuan in 2040, and the power exchange business may become a new performance growth point in the Ningde era.
3. For the national power supply system, it will be conducive to "peak shaving and valley filling" and promoting the smooth operation of the national power grid
To a certain extent, power exchange can help avoid the peak period of electricity consumption during off-hours and alleviate the power supply pressure of the national grid; in addition, the way of concentrating the battery for slow charging through the fast change station also avoids the risks brought by high-voltage DC fast charging, after all, the fire hazard of new energy vehicles is mostly in the charging link.
Third, battery standardization is difficult to unify, and power exchange is also facing challenges
Analyzed, although the Ningde era can bring many advantages to the power exchange system, it also faces some difficulties. Flying Whale Research Believes that the most important problem comes from the difficulty of unifying battery standardization.
An important premise of the commercialization of power exchange is to establish a unified standard, including body design, battery pack, power exchange method and the unification of battery management system. Here we only for the power battery, as one of the three major parts of electric vehicles, the power battery is like the heart of the electric vehicle, in such an internally coiled environment, the major car manufacturers are betting on the power battery, the vehicle factory will not give up the definition of the battery.
At the same time, the speed of battery replacement is also difficult to keep the battery standardized. From the perspective of battery materials, the batteries on the market are diverse, such as lead-acid batteries, black gold batteries, graphene batteries, and lithium batteries. With the development of technology, the types of batteries will continue to be enriched, who can say that there will be no other higher-quality materials in the future? If a better battery emerges, the change of technology will affect the battery standard, and the change of the battery standard will affect the practice of power exchange.
Of course, in addition to this, the high construction cost of the substation and how to distribute benefits are also the challenges that need to be faced in the next Ningde era and even the entire replacement market.
4. Summary
Fei Whale Investment Research Believes that the Ningde era into the power exchange track is an attempt for a new business, as such a large amount of power battery suppliers, the construction of the power exchange network and the supply of batteries should not be a problem, but the problem is how many car companies are willing to let Ningde establish this unified standard. If Ningde can lead the industry to establish a unified standard, then the layout of power exchange is likely to lead the Ningde era to break through the ceiling of existing business.
In short, power exchange is the general direction of the current policy development, and it can also bring many benefits, but the Ningde era still needs time to prove whether it can drive the development of the entire power exchange market. Do you think that the entry of the Ningde era will lead the industry to "unify weights and measures", or dig a big hole for itself?
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