Luxurious Tesla industry chain, summary of domestic core parts manufacturers

Tesla's supply chain lineup is very luxurious, involving ten major parts, including: powertrain system, electric drive system, charging, chassis, body, other components, central control system, interior and exterior, etc.

There are more than 130 direct and indirect suppliers involved, and Chinese companies account for half of them.

1. Powertrain system: It is divided into three parts: lithium battery pack, thermal management and DC/DC converter. It involves more than 30 direct and indirect suppliers.

In a lithium battery pack, it is divided into four parts: lithium battery pack cells, battery management system (BMS), battery thermal management and all other battery pack components.

2. Central control system The central control system is mainly divided into central control screen, instrument, automatic driving system, air-conditioning system and other parts, with more than 30 direct and indirect design suppliers.

3. Electric drive system The electric drive system is mainly divided into two parts: the motor and the motor drive module, involving more than ten direct and indirect suppliers.

4. Other components for the charging system are mainly divided into super charging piles, cables, and charging guns, involving more than ten direct and indirect suppliers.

The chassis and body systems are mainly divided into suspension, braking, body molds, body structure and other parts, involving more than ten direct and indirect suppliers.

5. Interior decoration and others For interior decoration and other components, there are more than ten direct and indirect suppliers involved.

List of Tesla's localized supply chain companies: Chinese companies that have entered Tesla's localized supply chain include: Huayu Automotive (supplying seats, bumpers, battery boxes, etc.) Top Group (supplying interior parts, chassis, subframes, etc.) Ningbo Huaxiang (supplying interior and exterior decoration) Sanhua Intelligent Control (supplying thermal management components) Xusheng Co., Ltd. (supplying aluminum alloy high-pressure castings) Joyson Electronics (supplying BMS systems, interior and exterior decoration systems) Fuyao Glass (supplying some automotive glass) Demei Co., Ltd. (supplying sun visors) Hongfa Co., Ltd. (supplying relays)

At the same time, the accelerated localization of Tesla will also bring positive impact to the related electronic industry chain.

目前国内电子公司在中控系统、 电池管理系统、自动驾驶系统、锂电池组和充电组件等产业链环节均已覆盖特斯拉新能源车的供应链。未来特斯拉汽车销量的增长，有望显著带动产业链公司的相关电子产品销售的增长，并带动产业链公司的业绩增长。

The impact of Tesla's sales on domestic industry chain companies: Several companies are selected as cases

Top Group:

Engaged in rubber shock-absorbing products and sound insulation products in the field of automotive NVH; the domestic automotive NVH leader, providing lightweight aluminum alloy chassis structural parts for Tesla Model 3. The company has been a Tesla supplier since 2016, and has participated in bidding for chassis, interior, lightweight and other products during the localization stage. We expect the value of a single vehicle to increase from 500-800 yuan to around 5,000 yuan, and will benefit greatly from Tesla's localization.

Anjie Technology: Its subsidiary Xinxing Holdings provides adhesive materials and metal parts for Tesla's Powerwall energy storage system and Model 3/X/S vehicles, enabling mass delivery of Model S and X. Tesla has become an important performance growth customer for the company after Apple.

CATL:

The company ranks first in the world in terms of power battery scale, focusing on square batteries, and its soft-pack battery technology is mature. Its products take into account safety, driving range, cycle life and other characteristics, and have obvious comprehensive performance advantages. At the same time, CATL has a strong control over suppliers, and its costs are about 15% lower than those of its overseas counterparts. In terms of energy density, the current energy density of the battery group is about 160-180wh/kg, and the subsequent gradual promotion of CTP technology can increase the energy density by 10-15%. The company plans to sign a procurement agreement with Tesla in the United States and Tesla in China, and plans to start supplying on July 1, 20, with a term of 2 years.