Q1 analysis of power battery supporting of new EV manufacturers

　　According to the data of the Power Battery Application Branch, in the first quarter of this year, the installed capacity of power batteries in the Chinese market was about 85.7GWh, a year-on-year increase of 24.3%. In the same period, China's new energy vehicle production was about 2.115 million units, a year-on-year increase of 28.1%.

　　It is worth noting that in the first quarter of this year, new car-making forces or new brands such as Li Auto, Wenjie, Aion, Weilai, Leap, Deep Blue, Zeekr, VOYAH, and AVATR drove the installed capacity of power batteries to reach 23.9GWh by virtue of their rapid growth in production and sales, accounting for 27.9% of the total installed capacity.

　　Since the beginning of this year, the head several new forces have been deeply loved by consumers by virtue of their improvement in vehicle intelligence and power performance, and have continued to have a strong sales trend, especially as various car companies are getting bigger and bigger in pure electric endurance and extended range pure electric endurance, it is expected that the installed capacity of power batteries of new car-making forces will continue to rise rapidly this year.

　　Battery China has sorted out the output and battery supporting information of major new power car companies in the first quarter of this year for reference:

　　Li Auto: CATL, Sunwoda, and Honeycomb Energy provide power battery support

　　Among the new forces, Li Auto's production and delivery are at the forefront of the industry, and its impact on the installed capacity of power battery manufacturers is currently the greatest.

　　In the first quarter of this year, the battery suppliers of Li Auto mainly include CATL, Sunwoda and Honeycomb Energy. Among them, CATL is equipped with Ideal L7/8/9 and Ideal MEGA, with a total installed capacity of 4.2GWh, accounting for 93.6% of the ideal battery supplier system; Sunwoda and SVOLT mainly support the ideal L7 model, with a total installed capacity of about 287.4MWh.

　　Q: CATL provides power battery support

　　In the first quarter of this year, there are mainly three models of M5/7/9 on sale, which drove the installed capacity of CATL's power batteries to 3.7GWh in the same period. At present, the highest sales volume of the M7 is the M7, and in the first quarter of this year, only the M7 model drove the CATL installed capacity of 2.8GWh.

　　Aion: China Innovation Airlines, EVE Lithium Energy, CATL, and Funeng Technology provide power battery support

　　As the main new energy brand of GAC, Aion New Energy has performed relatively strongly in recent years. In the first quarter of this year, the installed capacity of power batteries was about 3.5GWh, and the main battery suppliers were China Innovation Aviation (1.5GWh), EVE Lithium Energy (1GWh), CATL (0.7GWh) and Funeng Technology (0.3GWh).

　　Although there is a certain gap between the output of Aion New Energy in the first quarter and the ideal and the world, in view of the fact that the latter two are mainly range-extended models, while Aion is currently mainly pure electric models, and there is a gap between the power of a single vehicle and pure electric in the range-extended models, there is not a big gap between Aion New Energy and the latter two in the contribution of battery installed capacity in the first quarter.

　　Leapmotor: Honeycomb Energy, China Innovation Airlines, Guoxuan Hi-Tech, Zhengli New Energy, and Ruipu Lanjun provide power battery support

　　Given that Leapmotor is also currently vigorously promoting its extended-range models, its total installed capacity in the first quarter was around 1.7GWh. At present, the battery suppliers of Leapmotor are relatively scattered, with 6 battery companies supporting in the first quarter, and the top installed capacity is Honeycomb Energy (0.55GWh), China Innovation Aviation (0.46GWh), and Guoxuan Hi-Tech (0.36GWh).

　　NIO: CATL, China Innovation Airlines, and Weilan New Energy provide power battery support

　　NIO's current models are all pure electric models, so its power battery installed capacity in the first quarter reached 2.9GWh. At present, NIO's main battery supplier is CATL, with an installed capacity of 2.1GWh in the first quarter, accounting for 71.7%; followed by China Innovation Airlines, with an installed capacity of 679.6MWh, accounting for 23.1%. In addition, Weilan New Energy also provided 152.4MWh power batteries for NIO in the first quarter.

　　Deep Blue Automobile: CATL and China Innovation Aviation provide power battery support

　　At present, the main models of Deep Blue Automobile are Deep Blue S7 and Deep Blue SL03, which drove the installed capacity of power batteries to about 1.3GWh in the first quarter, and its models are also pure electric and extended range. In terms of battery suppliers, in the first quarter, Deep Blue Automobile was mainly supplied with power batteries by CATL and China Innovation Airlines.

　　Xpeng Motors: China Innovation Airlines, EVE Lithium Energy, Sunwoda, CATL, and Honeycomb Energy provide power battery support

　　Xpeng Motors currently has a number of models such as X9, G9, G6, P7 and P5, among which the MPV model X9 drove the installed capacity of power batteries in the first quarter to about 975.3MWh, ranking first.

　　At present, Xpeng Motors' battery suppliers are relatively diversified, among which China Innovation Aviation and EVE Lithium Energy are its core battery suppliers, while Sunwoda, CATL, and Honeycomb Energy also have supporting facilities.

　　ZEEKR Automobile: CATL, Xinwangda, and Jidian New Energy provide power battery support

　　ZEEKR produced more than 20,000 vehicles in the first quarter, and the main models were ZEEKR 001, ZEEKR 007, ZEEKR 009 and ZEEKR X, driving the installed capacity of power batteries in the first quarter to about 1.9GWh. At present, its battery suppliers are mainly CATL (1.3GWh), Sunwoda (269.1MWh) and Jidian New Energy (241.2MWh).

　　VOYAH Automotive: CATL, SVOLT Energy, Fodi Battery, Funeng Technology, etc. provide power battery support

　　In the first quarter of this year, VOYAH produced about 17,000 vehicles, mainly including VOYAH Dreamer, VOYAH Chasing Light and VOYAH FREE, etc., driving the installed capacity of power batteries to about 595.9MWh, and the battery suppliers are CATL, Honeycomb Energy, Fodi Battery, Funeng Technology and Samsung SDI.

　　Nezha Automobile: EVE Lithium Energy, CATL, Guoxuan Hi-Tech, Honeycomb Energy, etc. provide power battery support

　　In the first quarter of this year, Nezha Automobile produced about 10,000 vehicles in the Chinese market, driving the installed capacity of power batteries to about 0.6GWh, and supporting battery suppliers include EVE Lithium Energy, CATL, Guoxuan Hi-Tech, Honeycomb Energy, Polyfluoride and Zhengli New Energy. Among them, EVE is its largest supplier, with an installed capacity of about 0.4GWh.

　　Since the beginning of this year, the price war of car companies has become more intense, and the sales of new forces have begun to gradually differentiate. At the same time, at the end of the first quarter, Xiaomi Auto also officially joined the battle, I believe that there will be a lot of fluctuations in the market ranking in the future, which will have an impact on the installed capacity and ranking of power battery suppliers, and we will continue to track and observe.