At the beginning of the new year, Wang Chuanfu joined hands with Xu Liuping, BYD and FAW Group to establish a joint venture. As the "strongest" king in their respective fields, the cooperation between BYD and FAW has shocked the entire industry, but I have seen the shadow of the sword and light.
1. BYD and FAW Group hold hands
In the era of new energy vehicles, the importance of batteries is self-evident, and it can be said that whoever masters the battery will master the future of the automotive industry. Facing the future, every car boss does not dare to relax, and is actively laying out the battery field. One of the most noteworthy is the joint cooperation between Wang Chuanfu and Xu Liuping. On January 15, FAW BYD New Energy Technology Co., Ltd., a joint venture between BYD and FAW, was officially established, focusing on power batteries and battery systems. One is the largest automobile group, the other is the leader of new energy vehicles, what kind of spark will be triggered by the collision of these two giants?
2. Xu Liuping's strong backing
The automotive industry is facing major changes unprecedented in a century, and the transformation from fuel vehicles to the era of new energy vehicles is the trend of the times. At such an important moment, FAW, one of the three major automobile central enterprises, will be slow if it is slow. In the future, the power battery will become the most core component of the car. FAW set up an electric vehicle project team as early as 2000, but for various reasons, although it started earlier, it did not support its ambitions in the new energy market. Today, choosing to cooperate with BYD and deeply binding, so as to gain a greater right to speak in the power field, has become FAW's best choice.
Although FAW cooperated with CATL in 2019, the partners of CATL include more than 20 manufacturers such as BBA, and FAW may belong to the tail partner. Under such circumstances, Xu Liuping's "hand-in-hand" with Wang Chuanfu is extremely important. The deep "binding" model of joint venture between car companies and power battery companies is the most favorable way at present, and it is the best form for car companies to ensure the supply and production capacity of power batteries in the future. Xu Liuping led FAW to prepare to break through the new energy track, and BYD became a strong backing, saving himself the worries.
3. Wang Chuanfu's sword and light sword shadow
Since entering the automotive industry in 2003, Engineer Wang Chuanfu has planted technology-driven genes for BYD. ATD currently has mastered the world's leading core technology in power batteries, motors, electronic controls, IGBT chips, energy storage, etc. BYD is not a simple car company, but extends to the upstream and downstream of the industrial chain, and carries out the layout and development of the whole industrial chain. In terms of automobiles, Wang Chuanfu's "ambitions" are very large, and he plans to exceed 10 million vehicles in 2025, surpassing Toyota to become the world's first. In terms of power batteries, BYD will also move from closed to open, and is committed to becoming the world's largest supplier.
No one will ignore the power battery, in foreign countries, BYD faces South Korea's LG Chem, Japan's Panasonic and other giants; in China, BYD has the Ningde era in front, and there are also China Innovation Aviation and Guoxuan Hi-Tech in the back. With the high penetration rate of new energy vehicles, the competition of power batteries will become more and more fierce, and the major power battery companies have already been rubbing their fists, and the shadow of the sword and light has begun to enter the line of sight. Previously, because of the closed nature of self-sufficiency, BYD was surpassed by the Ningde era in the field of power batteries, and was also caught up by LG Chem and Panasonic.
The success of BYD Semiconductor means that BYD's core technology and subdivision areas have been split and developed, and have officially entered a new era, so it is inevitable for BYD to vigorously develop power batteries. The joint venture between BYD and FAW shows that BYD has left another son in the field of power batteries and is accumulating strength for the future. New energy vehicle companies have developed themselves, ningde times and other professional track members are making efforts, and the power battery industry war is about to erupt. Wang Chuanfu is also sharpening the knife, and BYD wants to "kill" a blood path in the shadow of the sword and light of the future power battery and become the final victor.