Sou Hu Cai Jing·2025-09-06 03:44Core Viewpoint - Shenzhen continues to be the "foreign trade capital" of China in the first half of this year, with new energy vehicles, lithium batteries, and photovoltaic products leading the growth in foreign trade [1][3]. Group 1: Industry Overview - The lithium battery industry in Shenzhen has seen the emergence of a unique "material team," consisting of four leading companies: Keda Li, Better Ray, New Zobang, and Xingyuan Material, which dominate key material sectors [3][13]. - These four companies have successfully broken the monopoly of Japanese and Korean firms in the lithium battery materials market, marking a significant achievement in China's industrial landscape [3][13]. Group 2: Company Performance - Keda Li is projected to achieve a revenue of 120.3 billion RMB and a net profit of 14.72 billion RMB in 2024, holding the largest global market share in structural components [4]. - Better Ray is expected to generate 142.37 billion RMB in revenue and 9.3 billion RMB in net profit in 2024, leading the global market in negative materials [4]. - New Zobang anticipates a revenue of 78.47 billion RMB and a net profit of 9.42 billion RMB in 2024, ranking third globally in electrolyte sales [4]. - Xingyuan Material is projected to achieve a revenue of 35.41 billion RMB and a net profit of 3.64 billion RMB in 2024, holding the second position globally in membrane sales [4]. Group 3: Historical Context - The lithium battery market was dominated by Japanese companies in the late 20th century, with a market share of 93% in 2000, leading to a reliance on imports for China [7][9]. - Shenzhen's entrepreneurs began to emerge in the late 1990s, tackling the challenges of high import costs and technological barriers in lithium battery materials [9][11]. Group 4: Recent Developments - Keda Li reported a revenue of 66.45 billion RMB in the first half of this year, a year-on-year increase of 22.01%, driven by rising sales of new energy vehicles [16]. - New Zobang's revenue reached 20.02 billion RMB in the first quarter of this year, reflecting a 32.14% increase compared to the previous year [19]. - Xingyuan Material's revenue was 8.89 billion RMB in the first quarter, a 24.44% increase year-on-year, despite a decrease in net profit [19]. - Better Ray's revenue for the first quarter was 33.92 billion RMB, a decrease of 3.88% year-on-year, attributed to increased market competition [20]. Group 5: Strategic Initiatives - Keda Li is expanding its overseas production capabilities with investments in Germany, Sweden, and Hungary to meet global demand [21]. - New Zobang has established over 20 production bases worldwide and is actively expanding its presence in East Asia and Southeast Asia [21]. - Xingyuan Material has built a major production facility in Malaysia, focusing on lithium-ion battery membranes and solid-state battery components [23]. - Better Ray is advancing its global strategy with projects in Indonesia and Morocco to enhance its competitive edge in the lithium battery materials market [25].