Decoding the pros and cons of overseas Taobao for Chinese lithium battery companies

In 2017, Wanxiang A123 won a new order from SAIC General Motors worth over US$1 billion for its owner, involving 2.6 million sets of 48-volt super lithium iron phosphate batteries.
At the same time, the low-voltage micro-hybrid high-power batteries developed by A123 were originally supplied to McLaren and are now supplied to Ferrari and Daimler's hybrid vehicles.
Talison: Since the completion of Tianqi Lithium's acquisition of Talison in 2013, domestic securities firms such as Everbright Securities, GF Securities, and Haitong Securities have rated Tianqi Lithium's stock as "overweight" or "buy" at a certain stage. " and other levels.
After acquiring Talison, Tianqi Lithium has mastered the raw material procurement channels of many domestic companies. By expanding its own production capacity and restricting the conventional commercial operations of domestic peers’ raw material supply, Tianqi Lithium has rapidly expanded its own scale and market share, and gradually established itself as the No. 1 domestic company. The status of a lithium company.
Data show that in 2015, Talison's effective production capacity was more than 430,000 tons, of which nearly 80% was sold to China.
In terms of net profit, Tianqi Lithium has achieved a counterattack from a loss of 190 million yuan in 2013 to a net profit of nearly 1.6 billion yuan in 2016; at the capital level, Tianqi Lithium's market value has surged from 4.5 billion yuan at the end of 2012. rose to 37.4 billion yuan.
In 2017, Talison Lithium Concentrate proposed a production expansion proposal, planning to increase the production capacity from the original 740,000 tons/year to 1.34 million tons/year, and all construction funds will be raised by Talison itself.
After the expansion, Talison will provide further support for Tianqi Lithium's "Phase 2 battery-grade monohydrate lithium hydroxide project with an annual output of 24,000 tons" and the newly built "ore lithium extraction production line and lithium raw material recycling production line" project .
Saab Automobile: Unlike the above three cases, after the acquisition of Saab Automobile, the acquirer National Power has not announced the significant impact of the acquisition on its performance or market.
CATL’s acquisition of Wemed Auto: CATL intends to explore foreign markets, obtain in-depth cooperation channels with high-end automotive customers, and strengthen its market positioning while enhancing its overall strength to achieve the goal of quickly entering the European electric vehicle market.
BASF's electrolyte business and Suzhou production base: The acquisition of New Zeubang is intended to integrate its technical resources in the lithium battery electrolyte business and enhance the core competitiveness of its products in the new energy industry chain. At the same time, it will increase its electrolyte production capacity and expand the international influence of its electrolyte business.