Tesla's price increase again, vaguely responding to the subscription of Tianqi Lithium Hong Kong stocks IPO ...

Wen | Gong Mengze

In the wave of new energy vehicles in March this year, Tesla was the first, and the earliest price adjustment was first implemented. After a lapse of three months, Tesla once again raised its model prices. On June 17, Tesla's domestic Model Y long battery life increased by 19,000 yuan to 394,900 yuan, and the delivery cycle of the new car was 20-24 weeks. On the evening of June 15, Tesla has updated the price of a number of models of the US official website, with a maximum increase of 6,000 US dollars and a maximum delivery time of one year. In addition, the recent lithium prices are still high, and many institutions expect that lithium prices are expected to rise to the early high or even breakthrough in the second half of the year. According to statistics from Guotai Junan, affected by the price of lithium phosphate, lithium hexafluorophosphate, and battery auxiliary materials, the costs of lithium iron phosphate and ternary cells have risen by 18%and 20%respectively from January to May this year. Under cost pressure, more and more OEMs, including Tesla, began to get upstream, intending to seize the right to speak lithium raw materials. Recently, Tianqi Lithium Industry issued an announcement saying that for the first time, it was publicly issued by foreign listed foreign shares (H -shares) to obtain approval by the Securities Regulatory Commission, or became a listed company in the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. There are also rumors in the market that Tesla has participated in the Hong Kong stock IPO subscription of Tianqi Lithium. On June 17, the reporter of the Securities Daily asked Tesla to verify, while the other party responded vaguely: "Unclear, there is no information." Tesla intends to bind the cost of upstream raw materials to reduce costs on June 16. Lithium mine giant Tianqi Lithium hearing through the Hong Kong Stock Exchange, the scale of fundraising is expected to be US $ 10-15 billion, or will be officially listed in July. According to the data, Tianqi Lithium is a supplier of lithium battery new energy core materials, integrating upstream lithium resource reserve, development and midstream lithium chemical products processing. At present, the company's products are mainly divided into two categories: lithium concentrate and lithium compounds and their derivatives. As of December 31, 2021, Tianqi Lithium Industry has a total of 1.34 million tons/year lithium concentrate production capacity and 44,800 tons of lithium compounds and derivative production capacity. Although Tesla did not give positive response to the rumor of subscribing to the IPO of Tianqi Lithium, it has already revealed its intention to grasp the right to the upstream raw materials. The reporter noticed that Tesla had pointed out in the report earlier that by purchasing from mining companies, he could directly participate in the local market without relying on many midstream companies. In April of this year, when Tesla CEO Musk talked about the price of lithium salt, the price of lithium salt had said that the price of lithium salt was as high as outrageous. Unless the cost was improved, Tesla had to participate in the mining of lithium ore in a large scale. And refinement. Musk's speech also revealed Tesla's determination to bind upstream raw materials. Data show that in 2021 Tesla has purchased more than 95%of lithium hydroxide, more than 50%cobalt and more than 30%nickel from nine mining and chemical companies for nickel -containing (NCA and NCM) batteries. Gao Yunpeng, director of the China New Energy Vehicle Industry Innovation Alliance, said in an interview with the Securities Daily that behind the binding of upstream lithium ore companies, car companies are currently lithium carbonate -led raw material market demand continued to be strong, and the supply of lithium raw materials will have insufficient supply in the future for a long time in the future. Essence At the same time, "every large car company has strong supply chain support behind it. And the emerging lithium battery industry supply chain obviously has stronger investment value." Gao Yunpeng said. Vehicle enterprises have increased the cost of lithium ore enterprises to increase the cost of lithium in the rise of lithium. Locking the battery production capacity in the next few years, more and more powerful mainstream car companies are setting up the upstream lithium mine resources, and early with battery suppliers advance in advance. Signed a large order, and even directly invest in lithium ore companies. On February 24 this year, Xinwangda issued an announcement that the company reviewed and approved the "Proposal on the Increase of Capital of Xinwangda Electric Vehicle Battery Co., Ltd." in the board of directors held on February 23 and introduced 19 investors. Data show that in 2021, Xinwangda entered the top ten of my country's installed capacity with 2.06GWh, accounting for 1.3%. From January to April this year, Xinwangda's power battery installed capacity in the Chinese market was about 1.13GWh, ranking fifth in the country. According to the reporter's observation, in the list of 19 investors, "Wei Xiaoli" was listed. Among them, the ideal car connected company Jiangsu Cars and Jiajia and Weilai Automotive Corporation Investment increased capital of 400 million yuan and 250 million yuan, respectively. , To hold 3.21%and 2.01%equity stocks in Xinwangda Automobile batteries, while Xiaopeng Automobile indirectly invested 400 million yuan through Sky Top LLC and obtained 3.21%of the shares. In March, Shengxin Lithium could issue an announcement saying that the company intends to introduce BYD as a strategic investor through the direction of the issuance of stocks, and the fundraising does not exceed 3 billion yuan. After the completion of the issuance, BYD's shares holding Shengxin Lithium are expected to exceed 5%; earlier, Volkswagen Group (China) had stated that it intends to establish a joint venture with Huayou Cobalt and Qingshan Group to ensure that nickel and nickel and The supply of cobalt helps Volkswagen to further optimize battery costs. "Someone interpreted the above practice as the collective" going to Ningde "in the car company. I think it is exaggerated." Gao Yunpeng told reporters that the practice of multiple bets and dispersed risks of car companies is actually to grasp the initiative of power battery supply, and Do not be subject to any battery company. This is understandable for the rapid development of the new energy automobile industry and car companies.

At the same time, Gao Yunpeng believes that traditional fuel vehicles are mature industries, and market growth is from downstream to upstream. New energy vehicles are emerging industries. The growth of the market is from the top to the lower reaches.As the demand for new energy vehicles rises, cost reduction and production capacity self -control, including improving the competitiveness of power batteries and stability of the supply chain, will become a key indicator in the development of new energy vehicle companies. In the future, car companies will master the initiative.More strategies will be adopted to deepen the production of power batteries.Recommended reading

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