CATL(SZ:300750) 鑫椤锂电·2025-08-12 03:37Core Viewpoint - The article highlights the increasing technical barriers in the "three electric systems" of new energy vehicles, while the aftermarket faces a supply-demand imbalance, necessitating new service models and solutions [1][5]. Group 1: Market Challenges - The number of traditional offline auto repair shops is declining due to the rise of new energy vehicles, with 4S stores having limited qualifications for new energy repairs and weak coverage in rural areas [1][5]. - According to data from China Quality Network, independent third-party platform Tuhu covers 1,700 counties, but only 73 cities have battery repair capabilities [1][5]. - The cost of battery replacement is significantly high, with insurance premiums also rising. The average parts-to-whole ratio for domestic power battery packs is 50.96%, the highest among new energy vehicle modules [1][5]. Group 2: New Service Initiatives - On August 10, Ningde Times launched the CTP repair service under its independent aftermarket brand Ningjia Service, offering repair costs significantly lower than full battery replacement, which typically costs around 100,000 yuan, while repair costs range from 10,000 to 20,000 yuan [3][7]. - Ningjia Service, which evolved from Ningde Times' after-sales service department established in 2015, now operates over 1,100 service outlets in 75 countries, with more than 800 in China, providing services such as battery testing, maintenance, second-hand battery inspection, recycling, and cascade utilization [3][7]. Group 3: Future Market Potential - The rapid increase in new energy vehicle ownership and the associated market pain points have created a blue ocean market for the new energy aftermarket, with predictions that the battery recycling and cascade utilization market will exceed 1 trillion yuan by 2035 [3][7]. - Ningjia Service aims to establish a closed-loop ecosystem for batteries, encompassing production, usage, cascade utilization, recycling, and regeneration, thereby maximizing after-sales value [3][7]. Group 4: Strategic Partnerships - Through Ningjia Service, Ningde Times can leverage its battery-centric approach to open new business opportunities, sharing its resources and partnerships with collaborators, including initiatives in battery swapping, ultra-fast charging, low-altitude economy, electric ship after-sales services, and support for zero-carbon new infrastructure [4][8].