Li Auto accelerates in-house R&D as automakers collectively introduce secondary suppliers; is the power battery industry on the verge of a major shift?

Li Auto invested RMB 2.65 billion in Sunwoda Power, accelerating the switch to self-developed batteries across its entire lineup, directly targeting a reduction in reliance on CATL. Harmony Intelligent Mobility Alliance (HIMA), Xiaomi, XPeng, and others are also intensifying the introduction of secondary and multiple suppliers, restructuring battery pricing and supply chain influence; however, CATL’s market share remains above 50%, and its dominant position has yet to be shaken. The power dynamics within the power battery industry are being quietly reshaped. Li Auto’s RMB 2.65 billion investment in Sunwoda Power, coupled with the announcement of switching its entire vehicle lineup to self-developed batteries, moves the "de-CATLization" strategy from slogan to substantive action. On September 8, CATL’s stock price fell sharply, with A-share $CATL(30075

wallstreetcn58minutes ago

Express News | Two departments: Automotive enterprises shall establish and improve management systems for supplier payment, and complete semi-annual and annual reports by the end of July and January each year, respectively.

The General Office of the Ministry of Industry and Information Technology and the General Office of the State Administration for Market Regulation issued a notice on promoting standardized supplier payments by automotive enterprises and optimizing payment term management, which highlights the need to conduct research and assessments.

BreakingsSep 7 17:28

Over 70% of automakers reported month-on-month sales growth in August, bottoming out during the off-season to build momentum for the "Golden September, Silver October" peak period.

① In August, retail sales of passenger vehicles in the national market reached 1.541 million units, a year-on-year decrease of 23.6% and a month-on-month increase of 5.5%; ② Passenger vehicle exports (including complete vehicles and CKD) totaled 888,000 units in August, representing a year-on-year increase of 77.8%; ③ BYD, SAIC Motor, and Geely Auto ranked as the top three sellers in August, with all three companies achieving significant growth in their overseas export businesses.

cls.cn15:42

UBS Group: Forecasts BYD's overseas sales to exceed 2.5 million units by 2027, reiterates "Buy" rating

UBS Group expects BYD's overseas sales to surpass 2.5 million units by 2027, achieving sustainable unit profitability.

Zhitong Finance14:23

[Major Banks] Morgan Stanley Reiterates "Overweight" Rating on BYD (01211.HK); Management Confident in Domestic Market Recovery in Second Half

Morgan Stanley stated that BYD (01211.HK) management is confident in the recovery of the domestic market in the second half of this year, citing a strong backlog of orders for ultra-fast charging models, resilient overseas sales and profitability, and improved cash flow. The bank reiterated its "Overweight" rating with a target price of HK$121. It expects monthly overseas sales run rates to reach 180,000–200,000 units in the second half of the year, with per-vehicle profits remaining broadly stable. BYD has set an overseas sales target of over 2.5 million units by 2027. As overseas factories mature, current headwinds from transportation and tariff costs may transform into structural tailwinds for profit margins. BYD has deployed 10,000

AASTOCKS15:33

China's August NEV Retail Sales Fall 10%, but Penetration Hits Record 65.2%

China's NEV retail sales fell 10.1% year-on-year to 1.005 million in August, marking the eighth consecutive month of decline. For details, please visit CnEVPost (cnev.co).

CnEVPost15:29