On June 8, an interview video of Lian Yubo, Executive Vice President of BYD and President of the Automotive Engineering Research Institute, was released. Lian Yubo revealed that BYD will soon supply batteries for Tesla. As soon as the news came out, it immediately rushed to the hot search on Weibo. The capital market is also "onlookers": on the same day, the stock price of CATL fell, while the stock price of BYD rose sharply.

 In fact, as early as last August, there was news on the market that "BYD will supply Tesla with blade batteries". Now it is mentioned again after a year. Although the matter has not been confirmed by Tesla, if it is true, it is obvious that BYD has poached a "big cake" from the Ningde era. In 2021, Tesla became the largest single customer of CATL for the first time, purchasing power batteries with a total value of 13 billion yuan, contributing 10% of CATL's annual revenue. Today, the "cake" of the power battery market is getting bigger and bigger, and the competition is becoming more and more fierce, which may reshape the industry pattern.

 On the one hand, the competition for "cake" among power battery companies has intensified. Since the beginning of this year, the market penetration rate of new energy vehicles has continued to rise. Even in April, which was severely impacted by the epidemic, new energy passenger vehicles still reached a penetration rate of 30% with sales of 280,000 units. The figures reflect the rapid expansion of the power battery market, and high-quality customers represented by Tesla have become "sweet pastries". Previously, the Ningde era occupied half of the market, and BYD stabilized its position with self-supplied batteries. However, the power battery companies and car companies that have reached cooperation do not want to be the only one of each other, and each has a "small ninety-nine". For battery companies, it is necessary to constantly compete for share, survive and live better, especially for second-tier power battery companies. In fact, not only the leading camp companies like CATL and BYD are secretly competing, but second-tier power battery companies have also completed several iterations in the fierce battle, and the market is different today.

 On the other hand, the game between power battery companies and car companies is becoming more and more exciting. "Don't put your eggs in the same basket." For car companies, in order to ensure battery supply, they generally do not choose only one battery supplier. In the early stage, choosing the Ningde era will naturally not go wrong. However, with the expansion of the new energy vehicle market, OEMs are eager to increase their voice in power batteries. Therefore, second-tier power battery manufacturers are introduced to check and balance the leading manufacturers. It is normal for one car company to be supplied by multiple power battery companies. . In addition, domestic and foreign car companies have begun to develop their own batteries, trying to control the core technology and initiative of power batteries, such as Tesla, Volkswagen, Mercedes-Benz, GAC Aeon, Great Wall Motor, etc. work hard. On June 9, NIO, a new car-making force, also revealed in its financial report that it is preparing for a self-developed battery plan.

 According to the data of China Automotive Power Battery Industry Innovation Alliance, in May this year, a total of 37 power battery companies in my country's new energy vehicle market achieved vehicle installation, which is higher than the same period last year. Reduce by 4. The top 3, top 5, and top 10 power battery companies have power battery installed capacity of 14.2GWh, 15.7GWh and 17.4GWh, accounting for 76.7%, 84.5% and 93.9% of the total installed capacity, respectively. In fact, after years of industry reshuffle, power battery companies have already experienced multiple rounds of survival of the fittest. At present and in the future, companies that stand out must have certain technical barriers and development potential.

 From the development trend in recent years, it can be seen that Ningde Times, China Innovation Aviation, Guoxuan Hi-Tech, Envision Power, Honeycomb Energy, LG New Energy, etc. are still on the rise ; BYD, Samsung SDI, etc. are also developing steadily... Break down the market share of CATL from January to May this year, they are 50.24%, 48.02%, 50.49%, 38.28%, 45.85%. As you can see, the market has changed a lot. In fact, since last year, the power battery industry has highlighted the "long tail effect", and the competitive situation of second-tier power battery companies cannot be underestimated.

 "There are no eternal friends, only eternal interests". Under the rapid growth, it is impossible that only "Ning Wang" with a market value of trillions can meet the needs of OEMs. Before 2025, it has become an industry consensus that power batteries will enter the TWh era. With the rapid growth of the new energy vehicle market, the power battery track is becoming wider. In the past one or two years, various battery companies have been running wildly on the road to expand production, preparing "grain and grass"; laying out upstream and downstream industrial chains to build a "moat"; comprehensive development of multiple technologies to enhance core competitiveness... These actions are all Preparing for a new round of "decisive battle".

 In market economics, a fully competitive market is described as follows: "All resources have been mobilized, there is no monopoly that may arise from any person or group, the market The price is maintained at a reasonable range, and the bargaining power of the company is improved." Under the competition in recent years, with the gradual maturity of the industry, my country's power battery market has shown a trend of "one super and many strong". However, the companies that want to steal the "cake" of the Ningde era are obviously not only BYD, but also many second-tier power battery companies secretly working hard, causing qualitative changes that may reshape the industry structure.