However, with the clear technical route and the gradual finalization of products, the situation has changed. BYD's competitors can conduct global procurement bidding, shop around and choose the right target. At the same time, suppliers need to serve the enterprise in a beneficial way: the sales representative office is located at the door of the company, and the supporting factory is built next to the factory. For BYD's vehicle manufacturing department, power battery products have no choice but to choose their own products; What's more, there is no price to talk about, and complaints like "BYD brand, Mercedes-Benz price" are inevitable. Over time, the contradiction is getting bigger and bigger. BYD's power battery department is also unhappy. Obviously, the technical advantages are obvious, but there is only one customer. But now, competitors are catching up, but there is nothing they can do.
The just-released first-quarter financial report also shows that the company's operating income in the first quarter of this year increased by 3.75% year-on-year to 26,543.8+0.46 billion yuan, but the net profit attributable to shareholders was 606 million yuan, down 28.79% year-on-year. It is expected that the net profit in the first half of this year will also be significantly lower than last year. At the same time, the domestic power battery supply champion has also fallen. According to solid lithium research statistics, in the first quarter of this year, CATL occupied 25.8% of the market share with 328,000 kWh of automobile batteries, ranking first, with a year-on-year increase of 12.5%, and BYD occupied 2 1. 70,000 yuan ranked second with a market share of 17%, down 63.9% year-on-year.
The closed supply chain is considered to be the chief culprit for BYD to give up the sales champion. Different from BYD, Contemporary Apris Technology Co., Ltd. has always been satisfied as a supplier of power batteries, and many car companies such as FAW, GAC, BAIC, Dongfeng, Geely and BMW Brilliance have cooperated with it. Not long ago, Contemporary Apricot Technology Co., Ltd. married SAIC and established two joint ventures, Time SAIC and Time SAIC. The former is responsible for power battery production, while the latter is responsible for module system development. The two sides have a clear division of labor, and the purpose of * * * sharing market share is very obvious. It is hard to say that it is not BYD's problem. At present, almost all power battery companies are expanding, but BYD's power battery department cannot cooperate with any car companies because of its closed operation. Long-term closed operation makes it lack competition, and its own advantages are gradually surpassed. To make matters worse, its financing is also at a disadvantage compared with its competitors. At present, the market value of BYD's entire enterprise is about 654.38+03 billion yuan. Contemporary Apricot Technology Co., Ltd., which is planning to go public, raised 8 billion yuan in June last year, with a post-investment valuation of 80 billion yuan. It is almost certain that the valuation after listing will exceed 654.38+030 billion yuan. By analogy, we can draw an amazing conclusion. If BYD divests its automobile business and only keeps the power battery department, it can gain almost the same market value as it does now. Therefore, BYD decided to separate the battery business and operate it independently, and supply it to all automobile manufacturers. This not only means that BYD will break the original vertically integrated production and operation mode, but also means that BYD will supply power battery modules with core technologies to the entire new energy vehicle market. In other words, BYD's former competitors will become customers of BYD batteries. This is a helpless and necessary measure for BYD, so in June, BYD accelerated its catch-up, and its installed capacity reached 4 18.8 MWh, accounting for 7.52% of/kloc-0, which is close to the market share of contemporary Apricot Technology Co., Ltd. 17.92%. Although BYD's battery has been surpassed, it is just around the corner. Under the background of high price of raw materials for power batteries, BYD has laid out the raw material market in advance, so it has more advantages than other suppliers in cost control.
Million car purchase subsidy