Core Viewpoint - CATL has expanded into the automotive aftermarket, marking a significant move into a trillion-yuan market, with the establishment of its independent aftermarket brand, Ningjia Service, coinciding with the opening of flagship experience centers in Shanghai and Bangkok [1] Group 1: Company Development - Ningjia Service originated from CATL's after-sales service department established in 2015 and was upgraded to an independent brand in 2024 [3] - The service system covers three product lines: passenger vehicles, commercial vehicles, and energy storage, along with six application scenarios, supported by 24 industry standards [3] Group 2: Service Innovations - For electric vehicle users, battery repair is a significant pain point; Ningjia Service has introduced CTP repair services, which are more cost-effective than full battery replacements, addressing the industry's previous "replace only" approach [6] - The company has developed non-destructive testing equipment using ultrasonic wave technology, allowing for fault detection within 15 minutes without disassembling the battery, achieving over 90% accuracy [6] Group 3: Lifecycle Services - Ningjia Service aims to provide comprehensive services throughout the battery's lifecycle, including production, usage, and recycling [8] - The company has established a "72-hour rapid recovery" network for battery recycling, focusing on repair, reuse, or environmentally friendly disposal based on battery condition [8] - Currently, Ningjia Service has opened experience centers in seven cities in China, with Bangkok being the first overseas location, marking a key step in global service collaboration [8]

Core 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].

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].

Core Viewpoint - CATL is expanding its battery repair business, currently limited to its own batteries, in response to the increasing challenges in the after-sales market for electric vehicles, where battery replacement costs can exceed the price of a new vehicle [1][2]. Group 1: Market Challenges - The penetration rate of new energy vehicles has surpassed 50%, leading to significant after-sales issues, including high costs and difficulties in maintenance [1]. - The average replacement cost for a battery in a new energy vehicle is around 100,000 yuan, which is more than 50% of the vehicle's total price [1]. - The complexity of battery repair has increased due to higher energy density requirements, resulting in a maintenance dilemma where battery packs are often replaced rather than repaired [1]. Group 2: CATL's Response - On August 10, CATL launched the CTP repair service under its independent after-sales brand, Ningjia Service, which offers repair costs significantly lower than full battery replacement, ranging from 10,000 to 20,000 yuan [2]. - Ningjia Service has over 1,100 service outlets in 75 countries, with more than 800 located in China, providing various services including battery testing, maintenance, and recycling [2]. Group 3: Market Potential - The new energy after-sales market in China is projected to exceed 1.9 trillion yuan in 2024, with an expected growth rate of 25% annually, potentially surpassing 3.9 trillion yuan by 2027 [2]. - The after-sales maintenance market for new energy vehicles is forecasted to reach 300 billion yuan by 2025 [2]. Group 4: Strategic Goals - CATL aims to leverage its advantages in battery technology and ecosystem to create a closed-loop system for battery production, usage, recycling, and regeneration through Ningjia Service [3]. - The company envisions expanding its after-sales market to include various business types beyond vehicle maintenance, such as charging, low-altitude economy, and zero-carbon infrastructure [3].

Core Viewpoint - The automotive market is undergoing significant structural changes, leading to a transformation in business models, particularly in the new energy vehicle (NEV) sector, where issues such as high battery replacement costs have emerged [1] Group 1: Company Initiatives - CATL has launched a battery repair service under its independent after-market brand, Ningjia Service, to address the high costs associated with battery replacement [1] - The newly introduced CTP repair service offers a significantly lower cost for battery repairs, ranging from 10,000 to 20,000 yuan, compared to the typical replacement cost of around 100,000 yuan for new energy vehicles [1] - Currently, the battery repair service is exclusively available for CATL batteries, indicating a focused approach to enhance customer service and reduce costs for its own products [1] Group 2: Industry Context - The new energy after-market is experiencing various challenges and pain points, which have been highlighted by industry leaders, emphasizing the need for innovative solutions [1] - The shift in the automotive market structure necessitates a reevaluation of existing business models to better serve consumers and address emerging issues [1]

Core Insights - Ningde Times aims to establish Ningjia Service as its third growth curve, focusing on the burgeoning after-market for new energy vehicles (NEVs) [1][3] - The after-market for NEVs is experiencing significant challenges, particularly with high battery replacement costs, which can exceed the price of a new vehicle [1] - The market for NEV after-market services is projected to grow substantially, with estimates suggesting it will exceed 1.9 trillion yuan in 2024 and surpass 3.9 trillion yuan by 2027, reflecting an average annual growth rate of 25% [2] Group 1 - Ningjia Service launched a CTP repair service that significantly reduces battery replacement costs from approximately 100,000 yuan to between 10,000 and 20,000 yuan, although this service is currently limited to Ningde Times batteries [2] - The company has over 1,100 service outlets in 75 countries, with more than 800 located in China, providing various services including battery testing, maintenance, and recycling [2] - The shift towards high energy density batteries has led to increased complexity in repairs, resulting in a maintenance dilemma where battery packs are often replaced rather than repaired [1][2] Group 2 - Ningde Times leverages its advantages in battery technology and market presence to create a closed-loop ecosystem for battery production, usage, recycling, and regeneration [3] - The company envisions expanding its after-market services beyond vehicle repairs to include charging, battery swapping, and other innovative business models [3] - Competitors in the NEV after-market include third-party service providers and major automotive parts companies, indicating a competitive landscape [2]

Core Insights - Ningde Times' independent aftermarket brand, Ningjia Service, celebrated its first anniversary and the tenth anniversary of Ningde Times' after-sales business in Shanghai, launching flagship experience centers in Shanghai and Bangkok [1][3] - Ningjia Service has established a network of over 1,100 service stores across 75 countries and has a parts warehouse exceeding 370,000 square meters [4] Group 1: Brand Development and Expansion - Ningjia Service was upgraded from Ningde Times' after-sales service department established in 2015 and has expanded to seven cities in China, with Bangkok as its first overseas location [3] - The brand has launched a free battery inspection campaign to attract consumers [1] Group 2: Service Offerings and Innovations - Ningjia Service provides a comprehensive service system covering battery detection, maintenance, and recycling, utilizing self-developed professional equipment [3][4] - The company offers a CTP repair service using original parts from Ningde Times, ensuring lower costs compared to full battery replacements [4] - A non-destructive testing device is being developed to detect internal battery damage without disassembly, expected to be launched by the end of this year [4][6] Group 3: Lifecycle and Sustainability Initiatives - Ningjia Service integrates a battery health assessment system with 45 online analyses and 28 offline tests to extend battery life and identify potential issues [6] - The company has established a "72-hour rapid recycling" network in collaboration with its partner, Bangpu Recycling, enhancing the green recycling chain [8] - Training bases for new energy professional detection and maintenance have been set up in 18 provinces, training over 8,600 industry professionals [9] Group 4: Industry Context and Future Outlook - The new energy sector in China is at a critical turning point for large-scale development, with increasing demand for advanced service systems to meet the needs of electric vehicle users [9] - Ningjia Service aims to drive high-quality development in the new energy aftermarket by focusing on customer needs and technological innovation [9]

Core Insights - Ningde Times' independent aftermarket brand, Ningjia Service, has opened its flagship experience center in Shanghai and its first overseas center in Bangkok, Thailand, establishing a network of over 1,100 service outlets across 75 countries [2] - The company emphasizes the need for a new service system in the electric vehicle (EV) sector to address the unique demands of battery health assessment and three-electric system testing as the global energy transition accelerates [2] - Ningjia Service, which evolved from Ningde Times' after-sales service department established in 2015, now offers comprehensive services including battery testing, maintenance, and recycling, leveraging Ningde Times' leading battery technology [2] Industry Context - The EV aftermarket faces significant challenges, particularly the prevalent "replace, not repair" mentality, which leads to high costs for consumers when battery packs are damaged [2] - Ningjia Service has introduced a CTP repair service that uses original parts from Ningde Times, adhering to strict technical standards and quality requirements, thus providing a cost-effective alternative to full battery pack replacements [3] - The service commitment includes an 8-hour repair time for general faults and a 72-hour repair time for complex issues in the Chinese market, with a "zero time difference" response for international customers [3]