According to public information, BYD Huizhou plant capacity is 2GWh, Shenzhen plant capacity is 14GWh, Qinghai plant capacity is 12GWh. According to the statistics of Yangtze Securities, BYD installed 6.8GWh power batteries from January to September this year, with a market share of 25%, accounting for 67% of the domestic market with the Ningde era, basically forming a duopoly market pattern.
"New energy vehicles sell very well, and then they need a lot of power batteries to supply them." There is a power battery manufacturer responsible person to explain to reporters.
BYD's new energy passenger car sales data confirm the popularity of the market. "From January to February this year, sales of new energy passenger vehicles were still 7,800, 10,000 in March and 20,000 in August." The person in charge of the aforementioned BYD introduced. According to the inquiry announcement, BYD sold 26066 new energy passenger cars in October this year.
According to the announcement, in October this year, BYD sold 48,497 vehicles, of which 27,667 were new energy vehicles, accounting for about 57%.
According to the data of China Automobile Industry Association, from January to October this year, the production and sales of new energy vehicles in China completed 879,000 vehicles and 860,000 vehicles respectively, up 70% and 75.6% respectively from the same period last year. Against the background of the overall slight growth of the automotive market, the performance of new energy vehicles is still strong.
The strong sales means that the demand for power batteries is further increased. "According to our research, the first-line manufacturers of power batteries are basically in full production at present." A Securities researcher told reporters.
According to the latest "Power Battery Field Database" published by Institute of Higher Industry, the installed number of power batteries for new energy passenger cars from January to October 2018 is about 619,000, an increase of 88% over the same period of last year, and the total installed power is 21.63 GWh, an increase of 139% over the same period of last year.
Leading companies'earnings have reflected the high prosperity of the industry. For example, in Ningde era, the net profit of the company in the first three quarters was 1.985 billion yuan, up 88.7% year-on-year. In the third quarter, the net profit after non-recurring gains was 1.288 billion yuan, up 138% year-on-year. The growth rate of installed capacity exceeded the general expectation of the previous market.