On November 23, Jiewei Power, a second-line lithium power company, was about to stop production.
According to a notice circulated on the same day, "After the study and decision of the management, Tianjin Jiewei began to stop production from December 1. During the shutdown period, Tianjin Jiewei, that is, the non-grass-roots staff of Jiewei Power Headquarters, will have a unified holiday, and the grass-roots staff will organize off-job training."
the data, Jetway Power was founded in 2009, focusing on the field of new energy vehicles and energy storage. The company currently has four bases in Tianjin, Yancheng, Jiaxing and Changxing, with an effective capacity of 10GWh. It is a new energy technology company integrating research, development, manufacturing and sales of lithium-ion batteries.
According to the domestic power battery loading data released by China Automotive Power Battery Industry Innovation Alliance in October, the power battery loading volume of Jetway Power in the first 10 months was 0.88 GWh, ranking 13; Power battery loading in October was 0.
The project was officially announced in August this year, with a total investment of 1.5 trillion won (about 82 yuan).
Similar to Gateway Power, SK Group's sudden suspension of its expansion plan is closely related to the weak market demand for power batteries and the slowdown in exports.
At present, the lithium power industry is facing the alternation of new and old production capacity, in this process, structural overcapacity, price war and so on will be difficult to alleviate in the short term. In addition, the head aggregation effect of market enterprises has become increasingly prominent, Ningde Times, BYD and China Innovation Airlines occupy more than 80% of the market share , and the remaining 94% of the enterprises compete for 20% of the market, which shows the fierce competition. It has become a trend to stop production and withdraw.
According to media reports, there were 57 power battery companies in China's new energy automobile market last year, and by October this year, the number had dropped to 48, that is to say, 9 companies had failed in the market competition in the last 10 months.
However, with the fierce competition in the power battery market, power battery companies with rich accumulation in battery technology, manufacturing technology and production lines have begun to turn their attention to the field of energy storage batteries.
Energy storage, the next crowded "power battery"
At present, Ningde Times and BYD, the top two in the power battery industry, have made great achievements in the field of energy storage. According to InfoLink Consulting, an industry organization, in the first three quarters of 2023, Global shipments of energy storage batteries reached 143.
Digital New Energy DataBM.
In the first half of this year, there were nearly 40000 newly registered enterprises related to energy storage in China. Far more than whole year of last year 3.
The Financial Times also pointed out in a recent article that there are nearly 10
players in China's energy storage enterprises, and the uneven level of good and bad is turning the energy storage track into the next "power battery".
In terms of energy storage system, compared with the beginning of the year, the average bid-winning price of energy storage system has dropped by more than 34% since January, and the lowest price has fallen below 0. Energy storage system products charged and discharged in 2 hours have been below 0.
In addition to the price, the low utilization rate of excess capacity is also increasing the operational risk of enterprises. At this year's Shanghai Energy Storage Exhibition, Zhu Gongshan, chairman of Xiexin Group, described the current energy storage industry as less than half of the
industry's nominal capacity utilization rate and still declining.
At the same time, GGII data also show that the utilization rate of domestic energy storage battery industry has declined from 87% in 2022 to less than 50% in the first quarter of this year, of which household storage batteries are less than 30% .
Correspondingly, since April this year, enterprises led by Ningde Times, Zhongchuang Xinhang and Honeycomb Energy have successively spread the news of "doing four days off and three days off" and "no overtime".
In the foreseeable future, the prediction that "at least half of the energy storage companies will not survive the crisis" may be staged in this market that has not yet taken off.
In 2021, the price of photovoltaic upstream polysilicon soared from 80000 yuan/ton at the beginning of the year to 26 in November of that year.
Now, according to the data of the Silicon Branch on November 22, the lowest price of polysilicon has dropped to 5.
At present, the products of the main photovoltaic industry chain are in the low price range, and the prices of silicon wafers, batteries and components have stepped on the profit and loss line of many enterprises, but in the context of overcapacity, " no minimum, only lower" has become the norm of the industry.
In January this year, in the tender for 26 GW components of China Electric Power Construction, 1.
From now on, it can only be said that it was underestimated at that time. In October
this year, the quotation of 1 yuan/W came out, which made people in the industry call it "falling below the cost line". Now, less than a month later, the price of less than 1 yuan/W has become the new normal in November, especially in the component collection of the Three Gorges Group on the 24th. Some enterprises have quoted 0.
You know, at the end of 2021, the group price is still around 2 yuan/W, from 2 yuan/W to 1.45 yuan/W, the industry has spent more than one year; from 1.
The product price is accelerating to decline, and the enterprises are also accelerating to withdraw. In the first half of the year, the trend in the
industry was still "rich or poor, photovoltaic makes money". Milk makers, construction makers and garment makers swarmed in. "Light is fire" and "light is rising" became the hottest words in the industry.
Now, in the second half of the year, "overcapacity", "price war" and "fierce competition" have become the reasons for many enterprises to withdraw.
Huangshi shares, Letong shares, Ovi Communications, these companies are either in the second half of the year to reduce investment or have been selling photovoltaic assets, ready to return to the main business. Three months have passed since the Ganquanbao project, which was supposed to be commissioned in August by Hesheng Silicon Industry, the leading industrial silicon and organic silicon companies that entered the polysilicon field with a
high profile, and no news has yet flowed out.
At the same time, Daquan Energy, the fourth in the industry, has taken the lead in admitting that the company's 100,000 tons of silicon material project in Inner Mongolia will be postponed to the second quarter of 2024. It is mainly affected by objective factors such as market environment, supply-demand relationship and the actual construction progress of the company.
In the photovoltaic version of the "survive" prediction, the elimination rate of enterprises has risen to 60% , or even more.
"At present, we judge that the situation of component prices has not stopped for the time being, but whether from the supply side or the buyer's market such as customers, we hope that this situation will not deteriorate any more." Liu Yuxi, president of Longji Green Energy China, said at the end of October.
But from the current situation, the price will stop falling or will be the blood and tears of many enterprises.
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