Top Ten Domestic News in the Battery New Energy Industry in 2023: Traveling through the cold winter towards the light

2023 has come to an end. For the battery new energy industry, this year has been extremely challenging. There are not only huge waves of industrial expansion, cross-border waves, and listings, but also one after another waves of production suspensions, destocking, and withdrawals. Market trends... Overall, China's battery new energy industry will usher in a cold winter in 2023, but it will also breed breakthroughs in the cold winter. 

At the beginning of the new year in 2024, Battery Network (WeChat ID: mybattery) has compiled the top ten domestic news in the new battery industry in 2023 and reviewed the ups and downs of the new battery industry in the past year. 

In 2023, the energy storage field will see a wave of expansion and fierce competition;

In 2023, new energy vehicles will accelerate and price wars will take place at the same time;

In 2023, the delivery volume of new car-making forces will surge and polarization will evolve simultaneously;

In 2023, while the self-research and manufacturing of power batteries by car companies is gradually implemented, they will also encounter a wave of destocking;

In 2023, China will become the champion of automobile exports, and the new battery industry chain will accelerate its overseas expansion;

In 2023, the price of lithium will plummet on a roller coaster, and the benefits of the industrial chain will be redistributed;

In 2023, IPOs in the capital market will tighten, and refinancing of listed companies will be reduced one after another;

In 2023, the industrialization of new technologies will continue to make breakthroughs, and industry patent disputes will break out;

In 2023, the cross-border lithium industry entered the market while leaving sadly;

In 2023, the ABEC Forum will once again empower the development of the battery new energy industry, and start a new journey in 2024... 

The tide of production expansion and fighting

In recent years, the energy storage battery market has grown faster than power batteries and has become a new incremental market for lithium battery applications. Industry experts predict that the global energy storage market may reach about one trillion yuan by 2025, and that the scale of China's new energy storage industry will be close to 3 trillion yuan by 2030. Against this background, the energy storage track has been heating up, with both policies and capital taking action, and the wave of enterprise expansion continues. Not only are domestic power battery companies actively extending into the energy storage field, but at the same time, a number of professional energy storage companies are also growing rapidly and crossing borders. People also came to share the pie... 

A set of data from the National Energy Administration shows that in the first half of 2023, my country's newly put into operation installed capacity of new energy storage was approximately 8.63 million kilowatts/17.72 million kilowatt hours, which is equivalent to the total installed capacity in the previous years. However, with the rapid growth of the industry, the road ahead for the energy storage industry seems to be prosperous, but in fact it is full of crises: under the wave of production expansion, concerns about overcapacity have emerged, disorderly competition, serious product homogeneity, and intensifying price wars. Energy companies have suspended production, reduced production, and laid off large-scale employees... Industry risks are continuing to intensify. 

Comments from this website: The blue ocean has not yet opened, and price competition has already reached the red ocean. This is a true portrayal of the development of the energy storage industry in 2023. The profits of some listed companies have declined, the industry has become seriously involved, and the eve of the reshuffle crisis has arrived. We are looking for expansion in new application scenarios. Continuous breakthroughs in technology and technology may become the key to solving problems. 

Acceleration and price war 

In 2023, my country's new energy vehicles will usher in a new development node. The 20 millionth new energy vehicle rolled off the production line in July, which means that my country's new energy vehicles have officially entered the stage of large-scale and global development on the basis of industrialization and marketization. a new stage of high-quality development of globalization. 

On the basis of leading the world in production and sales for eight consecutive years, with a market share of more than 60%, my country's new energy vehicles have continued to maintain a "fast lane" development trend and achieved China's acceleration. Judging from the time points, it took 15 years for my country to reach the first 10 million new energy vehicles; it only took 17 months to complete the second 10 million vehicles. In November 2023, the development of new energy vehicles in my country will accelerate again, with monthly production and sales exceeding one million vehicles for the first time. On this basis, annual production and sales of 9 million vehicles are no longer a problem. Industry insiders predict that the number of vehicles may reach 9.5 million in 2023, and the penetration rate may exceed 33%. 

At the same time, in 2023, BYD will take the lead in rolling off the 5 millionth new energy vehicle, becoming the first car company in the world to reach this milestone; Tesla's Shanghai factory rolled off the 2 millionth vehicle on September 7; Ideal Automobile officially announced the delivery of its 500,000th vehicle on September 27; GAC Aion’s 1 millionth complete vehicle also rolled off the assembly line on December 28. 

While the scale of production is getting larger and larger, and the time to achieve milestones is getting shorter and shorter, the involution of the new energy vehicle industry is also becoming more serious. On January 5, 2023, Tesla launched the first price reduction of domestic new energy vehicles with the "price reduction in exchange for volume" strategy. Subsequently, many new energy vehicle companies "followed suit", not only price reductions of tens of thousands, but also fractures. There are endless forms of subsidies and price reductions. The price war peaked again in the middle of the year. NIO, which has always insisted on not cutting prices, also announced that the starting price of all its models has been reduced by 30,000 yuan, and the starting price of the rental battery version has dropped to as low as 228,000 yuan. At the end of the year, nearly 20 domestic car companies launched the third round of large-scale price wars, with cash discounts of up to 120,000 yuan for some models. The price war can be said to have raged from the beginning of the year to the end of the year. Now that "huge benefits" have become the keyword in the field of new energy vehicles in 2023, competition among car companies is also becoming increasingly fierce. 

Comments from this site: The wave of price cuts is still spreading in 2024. Chery has taken the lead in launching the first official price reduction in the new year, with its models officially reduced to as high as 8,000 yuan! In an era where fast fish eat slow fish, speeding up is not a bad thing, but the serious consumption of profitability has left most new energy car companies in a state of "bleeding" for a long time. How to focus on the profit mountain and achieve both revenue and profit increase has become a Whether my country's new energy vehicle companies can achieve effective operation is an important proposition.

Delivery spikes and polarization

Currently, the release of the "Monthly List" has become the best platform for the new energy industry to judge new car-making forces. Compared with 2022, the delivery volume of new mainstream car-making forces in 2023 has generally increased significantly. Among them, the most outstanding performance is Li Auto, with its delivery volume reaching new highs. In the past December 2023, Li Auto delivered its best monthly results with a sales record of 50,000 vehicles. Deliveries for the whole year of 2023 reached 376,000 vehicles, becoming the annual sales champion of the new domestic car-making force in 2023. In 2022, its annual delivery volume will be only 133,200 vehicles. 

The new car-making forces have different joys and sorrows. While the delivery volume is soaring, the competitive landscape is also gradually fragmenting. Among them, the once-famous "Wei Xiaoli" pattern has been reshaped. Last year's annual best-selling car, Nezha Automobile, saw a sharp decline in the last month of 2023 after its delivery volume exceeded 10,000 for many consecutive months. In addition to those who are currently active on the stage, there are also many new car-making forces that are facing survival challenges. Byton, Skyline, Singularity, etc. have left the market early, and AIWAYS, Reading, WM, etc. will also explode again in 2023. , it is difficult to escape the business quagmire. 

It is worth mentioning that even though the polarization trend in the industry is obvious, companies such as "Hua Xiaomei" (Huawei, Xiaomi, Meizu) are still accelerating the competition for the smart electric vehicle track. Their participation may contribute to the clearly differentiated manufacturing industry. New car forces have brought new competitive traffic, but it will take time to verify whether "Hua Xiaomei" can turn its advantages into victory. 

Comments from this website: Keep moving and evolving. The healthy competition between you and each other will make China's new car-making forces better and better. There are no permanent victors among the new car-making forces. Only car companies that are always in the best mode can "come out" when surrounded by strong enemies. ” and “walk up.” 

Self-research implementation and pressure to de-warehouse

After three years of the epidemic, keeping the supply chain stable and autonomously controllable has become a profound "lesson" for car companies. For new energy vehicle manufacturers, after the "battery shortage" in 2022, never working for battery companies has become the biggest voice of the OEMs. As a result, the car companies' self-developed and self-made batteries were launched one after another, and for a while, official announcements were heard.