Aian became a popular model in April, GAC New Energy and Ningde era embraced again

Recently, the Federation of Passenger Transport Associations announced the national sales data of new energyvehicles in April. Although the overall trend has declined due to the impact of the epidemic, the market share of independent brands is quietly rising.According to statistics, GAC Aion New Energy Vehicles sold 10,210 units in April, and AION Y sold 6,159 units, a year-on-year increase of 208%.Among them, there are 5,412 AION Y models equipped with Times GAC power batteries, accounting for 88%.In the face of the hot market trend and more optimistic sales expectations of consumers, Times GAC, as the most important battery supplier of GAC, is reported to have started to expand its production capacity to better meet the power battery supply of GAC Aeon V models in the future. .

The power battery supply chain is a "barometer" that determines the production and sales data ofnew energy vehicles. Joint ventures with battery manufacturers have become the consensus of many auto manufacturers.This move not only ensures the stability of the battery supply chain, but also enables OEMs to respond to the rapidly rising market demand in a timely manner.

As a strategic move of CATL to strengthen cooperation with OEMs, Times GAC, established in December 2018, on the one hand achieved CATL's goal of stabilizing market share and position with the endorsement of OEMs; on the other hand, this kind of joint venture with OEMs Jianye has also explored a new model of China's new energy vehicle industry chain.Although GAC has also tried to support PlanB, which supplies "AVIC Lithium Battery" as its own battery supply, judging from the data that GAC's batteries account for 88% of its main popular model, the AION Y, Ningde Times It is still the most relied and trusted "power source" of GAC New Energy.

The power batteries required for new energy vehicles cover many links from research and development to production, including raw materials, battery technology, battery manufacturing, and technology development services.For the new energy vehicle industry, which is in the stage of rapid development, what is needed is "professional people doing professional things"; a leading company like CATL standing on the development track of emerging industries and new technologies, it has mastered the Theindustry's coreproduction capacityand first-mover technological advantages can provide the industry with a stable and mature supply chain system.

If the previously disclosed development plan is followed, the production capacity of the second phase of the joint venture battery project between GAC Group and CATL will gradually reach 15GWh by December 2023 according to market demand.At present, Times GAC is already the main battery supplier of GAC, and in the future, the power batteries of GAC Aion V electric models will also be mainly supplied by Times GAC, which is in the process of expanding production.

This means that not only GAC's new energy business line will have no worries in terms of core batteries, but it can also provide a new paradigm of win-win cooperation for the development of the entire industry.