In 2020, only 20-30 of all power battery companies will remain, and more than 80% of them will be eliminated at this stage. From structural overcapacity to insufficient cash flow, and then to business shutdowns, power batteries are experiencing a new round of reshuffle. As leading company CATL encountered its first limit down after its listing, BYD's performance and stock price both declined, and Watma was mired in a debt crisis, the problems of the entire power battery industry were gradually exposed, shrouded in the shadow of "money shortage". Not long ago, Mengshi Technology revealed that its cash flow was tight, and a number of power battery companies such as Miaosheng and Zhihang had to stop working and reduce production. Data shows that the number of China's power battery supporting companies has dropped from about 150 in 2015 to around 100 in 2017, and one-third of the companies have been eliminated. After the new subsidy policy is implemented, companies that previously relied on subsidies to survive and have weak technical capabilities will find it difficult to meet the standards and can only idle their production lines. At present, many power battery companies have been in arrears of large amounts of payment from customers. The huge amount of payment cannot be recovered in time, which has put great pressure on power battery companies in production procurement, capacity expansion, R&D investment and equipment upgrades, so that companies have to reduce their operating rates and reduce expenditures in order to "revive". Industry insiders pointed out that the main reason for the widespread difficulty in collecting payments for battery factories this time is that the approval ratio of new energy subsidies in 2016 and 2017 was reduced. Many car companies did not get the "application funding quota", and as a result, the funds of upstream companies were unable to arrive. Every battery company that has cash flow problems has a different response strategy. Battery companies that have their parent companies continue to provide financial support will not be affected too much, while battery companies without financial support can only suspend or reduce production and wait for customer repayments. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
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