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Lead battery has a lot to do: Tianneng Power special purpose battery enters high growth channel

NEWS

Lead battery has a lot to do: Tianneng Power special purpose battery enters high growth channel

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[Abstract]:
TiannengPowerreleasedthefirsthalfoftheresultsannouncementonAugust31,2018.Leadbatterieshavebeenstableinthetraditionalfieldandtheirleadingpositionhasbeenfurtherconsolidated.Itisworthnotingthatduringther

Tianneng Power released the first half of the results announcement on August 31, 2018. Lead batteries have been stable in the traditional field and their leading position has been further consolidated. It is worth noting that during the reporting period, special-purpose battery sales revenue...

 

Tianneng Power released the first half of the results announcement on August 31, 2018. Lead batteries have been stable in the traditional field and their leading position has been further consolidated. It is worth noting that during the reporting period, the sales revenue of special-purpose batteries was RMB 1.135 billion, a year-on-year increase of 30.18%. In addition to being widely used in the electric bicycle and electric tricycle market, lead batteries have made great achievements in other fields. The market for micro-electric vehicle batteries is promising. With the diversification of the environment and the moderate upgrading of people's consumption levels, micro-electric vehicles have gradually become daily travel and urban areas in rural areas [1+1] (a fuel vehicle plus a miniature electric vehicle) An important part of travel. According to the statistics of the China Association of Chemical and Physical Industry Research, the current national micro-electric vehicle market has 6 million vehicles, and the annual increase is 1 million. It is estimated that the number of mini-cars in China will expand to more than 10 million in 2020. Will reach the level of 100 billion. Tianneng Power's micro-electric vehicle battery sales accounted for 72% of special-purpose battery sales revenue. It has become the main battery supplier for the top ten micro-electric vehicle manufacturers, and its current market share has exceeded 50%. Tianneng Power is expected to replicate its development path in the electric bicycle market and continue to maintain its leading position in the field of mini-vehicle batteries.

 

Special-purpose vehicles help World Cup special vehicles mainly refer to specific models such as venue cars, cleaning cars, and police cars. According to China Industrial Information Network, the sales volume of special-purpose vehicles in 2017 was 300,000 units, with a compound annual growth rate of 20% and broad growth prospects. During the reporting period, Tianneng Power assisted the 2018 Russia World Cup, and the World Cup venue car 100% supporting Tianneng battery. With its products, brands and after-sales advantages, Tianneng Power continues to maintain its leading position in the field of special-purpose vehicle batteries, with a market share exceeding 50%.

 

With the enhancement of environmental awareness and the moderate upgrade of Chinese consumption, the mini-vehicle and special-purpose vehicle market is gradually entering a high-growth channel. Tianneng Power takes the lead in seizing the market and taking advantage of the trend to fully enjoy the high-growth dividend.