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"catl's 'tianxing' battery has cooperated with 13 automakers and has achieved in-depth development on 80 models. it will soon be available to everyone." on september 13, gao huan, cto of catl's domestic passenger vehicle business unit, said that catl's "tianxing" commercial vehicle battery not only has ultra-long life as its core highlight, but also has achieved a qualitative leap in safety, endurance and scenario adaptability.

on the afternoon of september 13, catl released the bus version solution for the tianxing commercial vehicle series. in this solution, the battery energy density reaches 175wh/kg, and the battery warranty covers the entire life cycle of the vehicle, up to 15 years and 1.5 million kilometers.

as of now, catl has formed a segmented product system consisting of passenger car battery brand "shenxing" battery, energy storage battery brand "tianheng" energy storage system, and commercial vehicle battery brand "tianxing" battery.

in july 2024, catl released the "tianxing" commercial vehicle battery brand and new tianxing l series batteries. among them, the tianxing light commercial vehicle (l)-supercharged version has 4c supercharging capability, which can replenish 60% of energy in 12 minutes. under the condition of full vehicle load and high speed of 80 kilometers per hour, it can achieve a range of 350 kilometers; while the tianxing light commercial vehicle (l)-long-range version is equipped with a 200-degree battery with an energy density of 200wh/kg, which can achieve a range of 500 kilometers under the same conditions.

the latest data released by the china automotive power battery industry innovation alliance shows that in august, catl installed 20.98 gwh of power batteries, ranking first in china in terms of power battery installation, with a market share of 44.46%, down 2.84 percentage points from the previous month. however, in terms of overall ranking, its market share is still 24.96% ahead of the second-place byd.

the reporter of "daily economic news" noticed that the current power battery market competition is extremely fierce. in august 2024, the domestic power battery installation volume reached 47.2 gwh, a year-on-year increase of 35.3%. a total of 37 power battery companies achieved installation and matching, an increase of 4 over the same period last year, but the installation volume of the top ten companies ranked by shipments accounted for a year-on-year decrease of 1.5%.

under this circumstance, compared with the fierce competition in the passenger car market, the layout of the commercial vehicle track may drive catl's shipments to further increase. according to data from market research institutions, the penetration rate of new energy commercial vehicles in my country is much lower than that of passenger cars. data shows that the electrification rate of commercial vehicles in my country will be less than 10% in 2023.

from the perspective of commercial vehicles, under the guidance of a number of current policies, the demand for new energy commercial vehicles may continue to be released.

cctv news said that recently, the "opinions of the cpc central committee and the state council on accelerating the comprehensive green transformation of economic and social development" proposed to vigorously promote new energy vehicles and promote the electrification of urban public service vehicles. accelerate the elimination of old transportation tools and promote zero-emission freight. it is also clear that by 2030, the carbon emission intensity of the unit turnover of operating transportation tools will drop by about 9.5% compared with 2020. by 2035, new energy vehicles will become the mainstream of new sales vehicles. at the end of july, the ministry of transport website showed that the ministry of transport and the ministry of finance issued the "implementation rules for subsidies for new energy city buses and power battery updates", which also mentioned that urban bus companies will be given a fixed subsidy for updating new energy city buses and replacing power batteries.

according to the reporter's incomplete analysis, in addition to catl, other companies such as eve energy, wuling motors, and geely remote have also released commercial vehicle power battery products.

according to qyresearch data, the global new energy commercial vehicle market is expected to reach us$162.404 billion in 2029, with a compound growth rate of 18.41% from 2023 to 2029. huaxin securities analyzed that at present, the penetration rate of new energy commercial vehicles in china is still low, and sales are growing rapidly. the frequent listing of new battery brands is expected to help the electrification of commercial vehicles and create new opportunities for lithium battery growth.

daily economic news