New energy vehicles: the pattern changes from the perspective of globalization. In October, the installed capacity of power battery in China was 6.1GWh, an increase of 82.9% year-on-year and 2% month-on-month, of which the year-on-year growth rate of EV passenger cars was more than 168%, which was the main force in the market. The month-on-month growth rate of batteries is lower than that of electric vehicles by about 14%, mainly due to the re-ranking of A00 vehicles after adjustment. From the perspective of battery shape, the square battery is still the mainstream, and the proportion in the first 10 months has remained above 70%, with 75.13% in October;
Soft bags showed a rapid upward trend in March and July, with some decline in the past two months, accounting for 13.65% in October; The cumulative proportion of the first 10 months of the column was 11.8%, down significantly from 26.6% last year. Recently, Volkswagen Group plans to launch more than 30 new energy vehicles in the next two years, half of which will be produced in China. In 2020, it is expected to deliver 400000 new energy vehicles in China and 1.5 million in 2025. At present, Tesla has decided to build a factory in Shanghai. Volkswagen, General Motors and other traditional car companies have taken the Chinese market as an important target and are expected to accelerate the localization of new energy vehicles. This will be a great opportunity for domestic battery materials and parts enterprises to enter the global supply chain. In addition, Volkswagen announced that it would choose Korea SKI to supply batteries for it. So far, the long-term battery supplier network of Volkswagen has gradually formed. LG and Samsung are strategic partners in Europe, SKI meets the needs of the North American market, and CATL is strategic partner in China. In addition, LG, Samsung and SKI, three South Korean manufacturers, entered into the signing of a memorandum of understanding to establish a next-generation battery fund and jointly develop core technologies, mainly solid state batteries, lithium metal batteries, lithium sulfur batteries, etc. The battery technology is still iterating, and the end point is still unknown. At present, domestic enterprises are developing rapidly, and battery manufacturers led by CATL are gradually entering the overseas supply chain, which poses a great threat to the mainstream Japanese and Korean enterprises in the past. Objectively speaking, Japanese and Korean enterprises have deep technology accumulation, forward-looking technology layout, and how the global pattern will develop in the future is still a big unknown.