In terms of vehicle loading, Ningde Times, a Chinese company, with a year-on-year growth rate of 111%, continued to occupy the first place in the world with 69 gigawatt-hours; South Korea's LG New Energy ranked second with 28 GWH, but the growth rate slowed down significantly, with a year-on-year growth of only 4%, gradually pulling away from the Ningde era. Byd overtook Japan's Panasonic to take third place with 24 gigawatt hours installed, up 206 per cent year on year. The three companies together account for 70 per cent of the global market. China-made power battery makers Zhongchuang Singapore Airlines, Guoxuangao, Xinwang Da and Beehive Energy ranked seventh to tenth.
Among the top 10 companies by load volume, six Chinese companies had a record market share of 56 percent, up from 42 percent in the first half of last year. In terms of vehicle load growth, among the world's top 20 power battery installed enterprises, there are 15 Chinese enterprises, among which 11 have growth rates of more than 100% and 4 have growth rates of more than 200%.
It is worth mentioning that in the first half of this year, the lithium battery enterprises represented by BYD, Xinwang, Zhongchuang Singapore Airlines, etc., successively announced a number of new investment and construction projects, the overall investment and construction funds exceeded 439.1 billion yuan, and the annual construction capacity reached 1069GWh(some projects did not disclose the investment amount and production capacity), further accelerating compared with the same period last year. According to this trend, Chinese enterprises in the global power battery field capacity share will be rapidly increased.
Analysis points out that the rapid development of the domestic power battery industry, in addition to benefit from the expansion of China's new energy vehicle market and the support of favorable national policies, the close cooperation of the upstream and downstream industry chain enterprises is also one of the important reasons. For example, every time Ningde Times, a leading enterprise, builds a production base in a place, a large number of parts manufacturers will build supporting factories around it, which greatly improves the efficiency of Ningde Times' supply chain and reduces the cost of supply chain.
Take A-share listed company Changying Precision as an example. In the first half of 2021, the company invested 2.5 billion yuan to build three power battery structural parts factories in Yibin, Sichuan Province, Liyang, Changzhou and Ningde, Fujian. These three places are also important power battery production bases in Ningde era. Since this year, Changying Precision has set up a new production base for lightweight materials and precision structural parts in Zigong High-tech Zone in Sichuan Province, which can also see the shadow of Ningde era. In addition to Changying precision, many listed companies such as Kodali, Xiangxin Technology are close partners of Ningde era supply chain.
< /p>In fact, the benefits of close supply chain coordination go both ways, not only for Ningde Times, but also for component suppliers. For example, after Changying Precision put into operation the battery structural parts production lines in Yibin, Sichuan Province, Liyang, Changzhou and Ningde, Fujian Province, the revenue of the company's new energy business grew rapidly. In 2021, the revenue of the new energy business increased by 125% year on year. Xingxin Electronics believes that in the field of new energy business, Changying Precision mainly provides high-voltage connector BUSBAR and cell/module /PACK structural parts business based on the layout of Tesla and Ningde and other well-known car manufacturers and battery factories. There is a broad space for the growth of new energy market. It is expected that the company's new energy business revenue contribution this year will exceed 2 billion yuan, double that of last year. The next three years will continue to maintain high growth.
