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宁德时代布局电池返修业务,但目前只修自家的
CATLCATL(SZ:300750) 第一财经·2025-08-12 02:01

Core Viewpoint - The article discusses the challenges and opportunities in the electric vehicle (EV) after-market, particularly focusing on the high costs of battery replacement and the emergence of new services to address these issues [3][4]. Group 1: Market Challenges - The penetration rate of electric vehicles has exceeded 50%, leading to significant after-sales issues, including high maintenance costs and expensive battery replacements [3]. - The average replacement cost for a battery pack in a 200,000 yuan electric vehicle exceeds 100,000 yuan, reflecting a high "zero-to-whole" ratio of 50.96% for battery packs among 59 pure electric models [3][4]. Group 2: New Services and Solutions - CATL launched a battery repair service under its independent after-market brand, Ningjia Service, which offers repair costs significantly lower than full battery replacement, ranging from 10,000 to 20,000 yuan compared to the typical 100,000 yuan [4]. - Ningjia Service has over 1,100 service outlets globally, with more than 800 in China, providing various services including battery testing, maintenance, and recycling [4]. Group 3: Market Growth Potential - The electric vehicle after-market in China is projected to exceed 1.9 trillion yuan in 2024 and is expected to surpass 3.9 trillion yuan by 2027, with an average annual growth rate of 25% [4]. - The after-market maintenance sector for electric vehicles is forecasted to reach 300 billion yuan by 2025 [4]. Group 4: Competitive Landscape - Various players, including third-party service providers like Tuhu and Tmall, as well as parts manufacturers like Bosch and Mobil, are entering the electric vehicle after-market [5]. - CATL aims to leverage its advantages in battery technology and ecosystem to create a closed-loop system for battery production, usage, recycling, and regeneration [6].