Upstream profits imbalances harm the automobile industry China Automobile Association call for upstream companies to rationally control prices

Since the beginning of this year, due to factors such as the rise in downstream demand for new energy vehicles, the price of domestic power battery raw materials has exploded, which has affected the development of the new energy vehicle industry to a certain extent. This also triggered the debate between the vehicle company and the power battery enterprise about "where the profit is going."

Author: Wang Shuaiguo

Figure: Tuwa Creative

"If you earn a lot of profits upstream, there is no meat in the lower reaches or even the soup. This situation will cause great damage to our industry." On the afternoon of August 11th At the monthly information conference organized by the Auto Association, Chen Shihua, deputy secretary -general of the China Automobile Association, called for the rational control of product prices in the upstream enterprises of power batteries to maintain a healthy development trend of the new energy vehicle industry.

Since the beginning of this year, due to factors such as the rise in downstream demand for new energy vehicles, the price of domestic power battery raw materials has exploded, which has affected the development of the new energy vehicle industry to a certain extent. This also triggered the debate between the vehicle company and the power battery enterprise about "where the profit is going."

At the "2022 World Power Battery Conference" held in late July, Zeng Qinghong, chairman of GAC Group, questioned this: "The cost of power batteries has accounted for 40%-60%of our new energy vehicles, and it has continued to increase. Didn't you work for Ningde Times? "

In this regard, Wu Kai, chief scientist of Ningde Times, responded: "Although the Ningde era has not lost money this year, it is very painful to struggle on the edge of profit. Wherever the profit goes, everyone can imagine."

These situations reflect a real problem. On the surface, the sales of domestic new energy vehicles continue to rise, but the profit of the entire automobile manufacturing industry has actually declined.

According to the latest data disclosed by the China Automobile Association, in July, domestic automobile production and sales reached 2.455 million and 2.42 million, respectively, an increase of 31.5%and 29.7%year -on -year. From January to July, the production and sales of automobiles reached 14.571 million and 14.77 million vehicles, respectively, with a year-on-year increase of 0.8%, and sales decreased by 2.0%.

In terms of new energy vehicles, in July, production and sales continued to maintain a high -speed growth rate year -on -year, reaching 617,000 and 593,000, respectively, a year -on -year increase of 1.2 times, and the market share reached 24.5%. From January to July, the production and sales of new energy vehicles reached 3.279 million and 3.194 million, respectively, a year-on-year increase of 1.2 times, and the market share reached 22.1%.

While sales are rising, domestic automobile companies continue to lose money. According to data from the National Bureau of Statistics, from January to June, the automobile manufacturing industry completed its operating income of 4089.28 billion yuan, a year-on-year decrease of 4.2%; the profit was 212.9 billion yuan, a year-on-year decrease of 25.5%.

The sharp decline in the profit of automobile companies is related to the environmental environment and other environmental environment, but also affected by the rise in the price of power battery raw materials. After the in -depth investigation of the price increase of power battery raw materials in the first half of the year, the China Automobile Association concluded that the Chinese automobile market has grown rapidly this year, and the market has determined that the price of materials has risen. This is a normal trend. But if the price increases too fast, this is an abnormal market, which is not good for the long -term operation of the enterprise.

Chen Shihua said: "Everyone can see the company of Xinyuan Automobile, few can earn money, and the profit of power battery companies is not good. But look at the listed company of lithium material processing enterprises. The annual report basically disclosed that the average profit of each of the dozen companies is more than 3.5 billion, and the interest rate is very high. Look at the more upstream mineral companies, this profit is even higher. I think this is a one Very abnormal phenomenon. "

It is understood that many domestic listed companies with lithium ore or main business processing have skyrocketed in the first half of the year. For example, the two domestic lithium ore leader Zhongtianqi Lithium industry is expected to increase by 110-134 times year-on-year, and the net profit of Ganfeng Lithium is expected to increase by 4-5.3 times year-on-year. Both companies have stated that the company's performance has changed sharply. The average sales and sales prices of major lithium products have increased significantly year -on -year.

In view of this, Chen Shihua said: "The unit price of our power batteries has decreased a lot through several years of technical upgrades and various optimizations, but because of the rise in the raw material price of power batteries this year, all of our efforts have been swallowed out. ","

However, this situation that is contrary to the development of the market economy will also return to normal due to the regulation mechanism of the market itself. Xu Haidong, deputy chief engineer of the China Automobile Association, proposed: "The market still plays a decision. When you are high, the investment and operation of lithium ore will accelerate to increase our supply. In the rise of these materials, I believe that the market will comprehensively regulate. "

In fact, the rise in raw material end prices has led to many raising the price of end products, which will soon be passed on to the market demand side in the second half of the year. Xu Haidong said: "Although we have seen the sales of about 120%in these two months, we have also learned about the corresponding situation from the enterprise. (This growth) may be more to release the past orders, but later In a few months, we see that there are bases, and there may be some other factors that will have some other factors, and the growth rate may decrease appropriately. "

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