Various signs show that the pace of replacing fuel vehicles with new energy vehicles is accelerating. In China, in September this year, the wholesale penetration rate of new energy vehicle manufacturers in China's market was 20.4%, of which the wholesale and retail penetration rates of new energy vehicles among China's independent brands reached 33% and 36.1% respectively, showing obvious signs of acceleration compared with the single digit penetration rate last year.
He Xiaopeng, CEO of Xiaopeng automobile, predicted that the penetration rate of new energy vehicles is expected to reach 50% by 2025; In Europe, Tesla Model 3 surpassed fuel vehicles for the first time in September this year with the payment of 24591 vehicles, which is of symbolic significance for new energy vehicles to comprehensively replace fuel.
The historic opportunity for the growth of new energy vehicles is in front of us, and more and more enterprises have determined the goal of transformation to the new energy vehicle industry. For example, Foxconn, a contract manufacturing giant in the consumer electronics industry, released three new energy models on October 18 this year, announcing a large-scale expansion of this year's new energy vehicle market.
In addition to Foxconn, which is transforming into a vehicle factory, more enterprises are transforming into the new energy auto parts industry, such as Changying precision (300115. SZ), a company listed on the gem.
In order to seize the historic development opportunity of the new energy vehicle industry, Changying precision has begun to vigorously layout the precision parts and components business of new energy vehicles, and has established new energy as the core business of the company's strategy. In recent years, Changying precision has not only acquired Suzhou kelent, which has core advantages in the field of high-voltage soft connection of new energy vehicles, but also built a high-level new energy vehicle supporting R & D center near Shanghai port. In the first half of this year, in order to meet the needs of the company's new energy business development and market expansion, Changying precision also expanded its production on a large scale. In the field of power battery structural parts, the company has invested and built three power battery structural parts production bases in Yibin, Sichuan, Liyang, Changzhou and Ningde, Fujian, with an investment scale of 2.5 billion yuan.
Among them, the manufacturing bases of many new energy vehicle manufacturers such as Ningde times, times Geely (power battery) and Geely Automobile (new energy commercial vehicle) are gathered near Changying precision Yibin base. Changying precision builds a power battery structure production base here, which can serve customers nearby and give full play to regional advantages; Changzhou Liyang base is located in the hinterland of the Yangtze River Delta, which is the highland of China's traditional automobile industry. Tesla, Weilai, Geely, SAIC and other leading enterprises have built R & D and manufacturing bases for new energy vehicles in the Yangtze River Delta and surrounding areas. At the same time, domestic first-class power battery enterprises have also set up battery factories in the Yangtze River Delta. Changying Liyang base can serve many customers nearby, Better match customer order requirements and quickly establish business channels. The power battery structural parts production base established by Changying in Ningde, Fujian is more convenient to serve important customers.
It is understood that up to now, Ningde Changying and Changzhou Changying have been put into operation successively in the first half of 2021, and Yibin Changying is expected to be put into operation by the end of 2021. In addition, the company's busbar and other electrical connection businesses have also expanded their production at home and abroad. With the above production bases gradually reaching production capacity, it is expected that the revenue scale of Changying precision from the new energy vehicle industry will be larger and larger.