We'll also investigate two growth opportunities within the supply chain, namely the laminating machine and structural components markets.ĬATL has made significant strides since its IPO in 2018, carefully crafting its position across the supply chain, spanning from upstream lithium and sodium mining, to battery anode/cathode materials, manufacturing equipment, and even branching into auto-related components like chips and chassis. Looking ahead, we expect the battery industry's competitive arena will be dominated exclusively by automakers and elite battery manufacturers, with second and third-tier battery makers largely priced out of the market. The impending price drop for CATL in 2023 is an inevitable consequence of two key dynamics - supply and demand for materials, and value-driven pricing. We'll scrutinize suppliers and shed light on CATL's strategic approach to a phased supplier transition. We'll dissect their acclaimed product, the Qilin batteries, and delve into CATL's cost advantages, drawing comparisons with Tesla's 4680. We're exploring how they have pushed boundaries with their innovative 'composite collectors' technology and setting new industry benchmarks. In this edition of our newsletter, we're focusing on CATL, a global powerhouse in the lithium-ion battery production industry. Laminated products, mainly used in square batteries that have better performance and increased life cycle compared to wound batteries, are potentially growing from currently less than 20% of the entire equipment market to over 60%, presenting an opportunity for manufacturers that are able to produce at scale. By then, CATL's capacity may exceed 700 GWh (versus 170GWh as of January 2023), solidifying its market leadership. However, it’s been challenging to manufacture composite collectors due to the restricted availability of PET copper foil, which is itself primarily due to bottlenecks in mass production.Ģ025 will be a crucial year, as the semi-solid-state battery industry is expected to have matured and the competitive landscape will have shifted in favor of current incumbents, washing out second and third tier battery makers who will likely be priced out of the market. Ĭomposite collectors are a core component of the Qilin battery’s affordability and performance. However, production of the 4680 has been negatively affected by the slow resolution of core technical issues, especially as related to folding and welding techniques, resulting in only a 60% yield rate. The Qilin battery is often compared to Tesla's new and advanced (often referred to as “game-changing”) 4680 battery cell. Besides reducing prices, what CATL really needs is to develop a market. Qilin batteries, CATL’s new flagship product, only has an addressable market of about 15% of the domestic EV market at present due to its higher costs and market positioning in high-end vehicles with ranges exceeding 600 km. Leave a comment here or email and let us know what topics you have an interest in learning more about China tech. We highlight their performance because going forward, Li Auto is one of the first automakers to use CATL’s 15-minute quick-charge Qilin batteries, a major part of today’s post. For Q2, Li Auto forecasts a delivery volume of 76,000 to 81,000 vehicles, a YoY increase of 164.9% to 182.4%, and expects total revenues to range from CNY 242.2 billion to CNY 258.6 billion, a YoY increase of 177.4% to 196.1%. Li Auto's Q1 2023 earnings report revealed that the company delivered a total of 52,584 new vehicles in the first quarter, a YoY increase of 65.8%, marking their best single-quarter performance. What's Their Story?, but perhaps it just encouraged sellers to focus on building their own brand IP. One year ago, however, it didn’t look so rosy: Chinese Sellers are Leaving Amazon. We focused on Baidu’s LLM attempt, Ernie Bot, a few weeks back.ĭata from Amazon Global Store shows that over the past three years, the number of Chinese brand sellers going global through Amazon has nearly tripled, and their compound annual growth rate over the past two years was 50% higher than that of non-brand sellers. This is aimed at helping other users distinguish between virtual and reality, especially in potentially confusing scenarios. It mandates that all platform participants, including creators, live streamers, users, merchants, and advertisers, visibly label AI-generated content when using generative AI technologies on Douyin. We wrote about Alibaba subsidiary in our Rain or Shine for Alibaba Cloud? piece not long ago.ĭouyin has published standards and industry initiatives for content generated by artificial intelligence (AI). Alibaba Cloud has officially launched Alibaba Cloud for Financial Services, which supports financial institutions in creating a new IT architecture.
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