2019, the domestic auto industry still has not been effectively pick up, and with the back slope of new energy subsidies, new energy vehicles the overall sales volume also showed a downward trend. At the same time, the face of sluggish new energy vehicles, power battery companies are constantly exposed the problem.
data show that in October 2019, China installed battery is about 4.087GWh, 31.03 percentage decline year on year, the decline has been three consecutive months of year on year. At the same time, some experts predict that by 2020, the number of Chinese battery enterprises will be reduced to more than 20.
with the liquidation and bankruptcy lion OPTIMUM technology and applications, battery manufacturers out of further escalation, it can be seen, the power of the battery current cash flow situation is still not well improved but there are still all enterprises in the continuous efforts and expansion, looking for a better way, in the market in order to be able to have a better performance.
Recently, the BAK Battery announced that it has with the US Energy Innovator companies Cadenza Innovation on the construction of the super battery production line signed a cooperation agreement to build the line. According to the plan, the super-cell project will be located in Shenzhen BAK Battery Industrial Park production, the production line will be completed in the first half of 2020, and its products are sold in the United States, Australia, Europe and other places.
It is reported that BAK Battery and Cadenza Innovation in September 2019 had reached a strategic cooperation agreement super battery. The two sides co-production of super battery is a set of cylindrical and prismatic batteries Advantages in one of the new battery. BAK batteries that combines super-BAK battery R & D experience in the field of cylindrical cells and Cadenza Innovation innovative modular design techniques. Currently, Which battery products have passed the stringent testing and certification National Fire safety, but also a number of customers for the product to complete the test.
expand overseas market
At present, the overall domestic new energy vehicles is still in the more severe the knockout stages Earlier related mediaBody also reported on the lawsuit BAK Battery and public Motors and Huatai car. Meanwhile, the BAK also received upstream companies can hang science and technology, accommodate 100 science and technology, when the rise and a number of suppliers for accounts receivable risk warning announcement.
which can be seen, 2019 new energy vehicles and battery companies still is a big problem, but the face of such difficulties, there have been a number of battery enterprises are facing elimination and can not survive and so on risk. So, battery companies have begun asking for a way out. It is understood that BYD, Ningde era, China Xuan Tech and many other companies have begun to expand overseas markets, and Ningde era in Germany Thuringia’s first overseas factory official ground-breaking start.
After the car BAK cooperation with Cadenza Innovation, which has many years of battery manufacturing experience and core technology BAK battery can not only be in terms of cost, safety and high energy density battery technology cooperation, cooperation with Cadenza Innovation is an important part BAK battery globalization strategy, help promote the construction of its global partner ecosystem, to further expand international market. And once formally completed, it is also possible to achieve greater market share, to reverse the current situation.
can be seen, while the domestic development of the industry meet resistance, there are already companies began to layout the overseas market, and in the next period of time, the global battery market will continue to exaggeration, the total demand the amount will continue to increase. Therefore, the production of raw power battery is still much room for operations, and the layout of the overseas market, may also be under intense domestic situation situation, the progress of a product to enhance their product strength.