Lithium-electricity enterprises are unyielding "making dreams": the attraction and mission of the new energy vehicle market

The car, this steel behemoth, accompanied by the collision of the piston inside the body, spewed fuel, burned, exploded, roaring and dragging human civilization into the second industrial revolution, squatting to become the pillar of economic development that has supported humanity for centuries. Rewrite the human culture with speed... I can't find a better poem to praise it. For human beings, it is not only a symbol of civilization, but also a dream of all mankind. Today, thanks to electric vehicle technology, the Chinese are so close to this dream for the first time. Whether you are persistent or stubborn, the whole country is upholding a sigh of relief and wants to realize the spirit of "powering a car in an electric car".

On the morning of October 25, 2017, Lu Guanqiu, chairman of Wanxiang Group, left. Lu Guanqi once said: "From July 8th to 1969 in 1969, (Wanxiang Group) has gone through 47 years of wind and rain. In the forty-seven years, the theme is particularly prominent, that is, the whole vehicle. Desire; a path is very obvious, that is, from the field to the world, learning and improving in the open, striding forward; a blueprint is clearly visible, that is, the clean energy globalization has been completed, and intensive cultivation has begun."

As early as 1999, Lu Guanqiu made up his mind to build a car. Relying on Wanxiang Group's auto parts supply business, Luguan Ball is only one step away from making cars. However, Lu Guanqi made it clear that Wanxiang will not be a traditional car. Electric cars are a meaningful thing to do first.

In order to solve the problem of the power battery of electric vehicles, in 2012, Wanxiang Group invested in the acquisition of A123 Systems, a US battery manufacturing company, which triggered continuous attention from domestic and foreign media. Because A123 Systems is a model for the green employment reform enterprise during Obama's administration, industry insiders generally believe that Wanxiang's acquisition is very difficult. Some people even think that this acquisition is "Lu Weiding's another capital operation for speculating Wanxiang Qianchao stock. After the trick, the company will terminate the acquisition with the protection of the US government, and finally it will not be." However, the world has underestimated the determination of Lu Guanqiu. On January 28, 2013, news came from Washington: The US Foreign Investment Committee officially approved Wanxiang Group's wholly-owned subsidiary Wanxiangjieeng US to acquire US A123 Systems. At this point, the largest auto parts manufacturer in China has finally settled the merger of the largest new energy battery manufacturer in the United States. After the completion of the acquisition, Lu Guanqiu once said: "The new energy battery is a world-class problem. A123's lithium iron phosphate battery technology is the world leader. The acquisition of A123 has made the Wanxiang, which has entered the new energy field for 14 years, stand at the forefront of the world. After that, Wanxiang acquired the American electric car manufacturer Fisker and renamed it Karma. Together with SAIC, it built a new energy bus production base. Lu Guanqiu proved himself with his own actions.

Lu Guanqiu said: "Wanxiang must create a car that is in line with consumer psychology, reasonable price and good quality. The car is not just a car, but a universal brand." For the Wanxiang car, there are industry media comments: Although Wanxiang Group is good at mergers and acquisitions of enterprises, it is not good at integrating advanced technologies. But nowadays, after the follow-up storm, perhaps it is Lu Guanqiu’s “dedication” to the car’s dream, which has made Wanxiang’s car delay.

"It’s not a good thing to die before you die." I don’t see the Wanxiang brand car in the lifetime. It may be the regret of Lu Guanqiu. However, there may be only one ticket for the future Wanxiang--the qualification of new energy vehicle passenger car production. .

As the “new” of the new energy automobile industry, polyfluoride is more “lucky”. In 2015, Polyfluoride merged with Hebei Hongxing Automobile Manufacturing Co., Ltd. in the form of mergers and acquisitions, and obtained the qualification for the production of new energy vehicles for passenger vehicles. However, the road to manufacturing more fluorine is not flat.

On the evening of October 22, 2017, the company announced that the first three quarters revenue was 2.48 billion yuan, a year-on-year increase of 17%; net profit was 208 million yuan, down 45% year-on-year. The company expects 2017 net profit of 239 million yuan to 382 million yuan, down 20% to 50% year-on-year.

As the saying goes: It is necessary to pay back sooner or later, and it is not unexpected for the profit decline of polyfluoride. In 2016, its main product price of lithium hexafluorophosphate reached its peak in recent years. With the release of domestic lithium hexafluorophosphate capacity, the price decline is an inevitable trend.

As one example of the cross-border layout of materials companies, Polyfluoride has deployed the power battery business and the new energy vehicle business early in the downward trend of lithium hexafluorophosphate. However, from the data of the first three quarters, the polyfluoride did not taste the sweetness of the whole industry chain layout.

Although Red Star’s performance in the 1-9 batch of “Recommended Catalogue of New Energy Vehicles” was not obvious this year, according to the previous expectations of Polyfluoride, Red Star’s performance this year has exceeded expectations. Previously, the person in charge of Duofuo said that Red Star is still in its infancy, and production transformation, R&D and expansion will be the key tasks in 2017. In 2017, Red Star will continue to develop new cars and launch 1-2 new energy vehicles, including logistics vehicles and passenger vehicles, and support the construction of power lithium battery projects. According to the author's statistics, in the 1-9 batch recommendation catalogue, the Red Star car has at least 6 declared models, including the logistics vehicles and passenger cars, and has begun to assemble multi-fluorine and self-produced batteries.

In addition, Polyfluoride also cooperated with Xiuwu Investment and Jiaozuo Longrui in June this year to try to open up new development space in the field of low-speed electric vehicles and further extend the industrial chain. Compared with the dedication of Lu Guanqiu, polyfluoride is more suitable for local conditions. In 2016, the official website of the Henan Provincial Government reported that Henan has developed the low-speed electric vehicle industry as one of the new economic growth points. It has been included in the provincial industrial action plan for four consecutive years and has been included in the provincial financial support for five consecutive years. Also consider the establishment of the Henan Low-Speed ​​Electric Vehicle Cooperation Demonstration Zone in 10 provincial cities including Jiaozuo. The low-speed electric vehicles conforming to the standard will realize mutual market recognition, product mutual recognition and barrier-free sales operation in the above-mentioned 10 cities. But despite this, the road to “making cars” with polyfluoride is still difficult.

The road ahead is hard, but the lithium battery companies still report their persistent "making a car dream." What attracts them may be because of the huge market appeal of new energy vehicles, perhaps because of the mission of doing well, perhaps because of the entrepreneurial sentiment of developing clean energy.

Author: Yang Shuo

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