The fourth quarter ushered in the peak season for bidding for lithium battery equipment orders. At present, power battery companies such as CATL, SAIC, and Lishen have begun the bidding process. Driven by the peak season of lithium battery equipment bidding for large lithium power plants such as CATL, Yinlong and BYD, market orders are expected to increase. According to reports, a number of companies will add more than 150GWh of new production capacity from 2018 to 2020, requiring a total of 60 billion equipment. From the perspective of long-term planning, according to the withdrawal mechanism of fuel vehicles in various countries, the demand for lithium batteries will be dozens of times the current market expectation. If the electrification rate reaches 30% in 2025, the market space of the equipment industry will reach 700 billion yuan, with an average annual demand of 100 billion yuan, while the industry output value in 2017 was only more than 10 billion yuan.

According to the industry, the supply pattern of domestic lithium power plants has gradually become clear, and the Matthew effect has gradually emerged. The market share of the top 5 lithium power plants continues to increase, with market shares of 59%, 68%, and 74% in 2015-2017Q1, respectively. Referring to overseas experience, Japanese battery factories and equipment factories maintain a joint research and development model. This path will be used for reference. Lithium battery equipment companies will benefit from the joint development model with major manufacturers, resulting in path dependence and further enhanced competitiveness. Equipment companies that bind with major downstream lithium battery manufacturers and form a competitive advantage in the industrial chain are expected to receive most of the orders.

Compared with foreign equipment, domestic equipment has strong adaptability and obvious cost-effective advantages. As the international lithium battery giants have begun to deploy in China on a large scale, the global lithium battery manufacturing center is shifting to mainland China. Some high-quality lithium battery equipment manufacturers in China took the lead in turning to fully automated control, R&D and manufacturing of lithium battery equipment that can achieve large-scale and stable production, making my country's lithium battery equipment go global.

According to technology media reports, JD Logistics announced on the 31st that it will form a new energy industry alliance with a number of electric vehicle manufacturers. In the next five years, JD Logistics plans to replace hundreds of thousands of vehicles in the system with new energy vehicles, which will be used in urban transportation, terminal distribution and other links. The person in charge of Jingdong said that Jingdong has been promoting the green and environmental protection of the supply chain chain, and the research and development, testing and introduction of new energy vehicles are the best combination of green and technology. The continuous advancement of new energy vehicles will directly stimulate the lithium battery industry chain. Since the beginning of this year, the lithium battery industry has continued to be at the forefront, and the strong demand in the industry has stimulated an increase in investment. As an upstream enterprise of lithium batteries, lithium battery equipment is expected to benefit from the stimulus brought about by the strong demand in the industry.

From the perspective of the secondary market, the index has adjusted this week, but the concept stocks of lithium battery equipment have performed exceptionally strongly, indicating that funds continue to be optimistic. Among them, the leading stock Pioneer Smart did not fall but rose, and Nebula shares directly set a new high since its listing.

Pilot Intelligence: It is a leader in lithium battery equipment, supplying lithium battery winding machine products to BYD, CATL, Tesla, etc.

Yinghe Technology: The products cover the entire process of the upstream, midstream and downstream of lithium battery production equipment. The main customers are Watermart, Guoxuan Hi-Tech, Lishen, etc.

International Today: Benefiting from the capacity expansion of downstream power lithium battery manufacturers, orders from the lithium battery industry are expected to grow rapidly. From January to June 2017, the company signed a total of about 340 million new orders, of which power lithium battery orders were about 220 million yuan, accounting for more than 60%, becoming the company's main source of income. 2017-2020 is a period of rapid expansion of lithium battery production capacity, and the construction of production lines is expected to drive more than 100 billion investment. The company's new energy logistics system accounts for about 10% of the production line investment. The main customers Zhuhai Yinlong, CATL and BYD are expanding their production capacity rapidly. The company may enter customers such as Guoxuan Hi-Tech in the future to expand its market share. Lithium battery production capacity construction tide.

Nebulas: It is estimated that the net profit for the first three quarters will be 40.47 million to 44.65 million yuan, a year-on-year increase of 45% to 60%. The company's overall sales scale has steadily increased, among which the sales of the lithium battery pack protection board detection system have increased significantly, resulting in continuous growth in sales revenue and net profit in the first three quarters.

Keheng Co., Ltd.: The company's current dual-main business-driven pattern of lithium battery equipment and cathode materials has gradually become clear, and its operations are on the right track. Subsidiary Haoneng Technology's orders in hand and profitability improved steadily. The volume, price and gross profit margin of cathode materials increased year-on-year, and the profit increased significantly.