Huawei’s Yu Chengdong announced yesterday that “Huawei’s 600KW fully liquid-cooled super fast chargers will deploy more than 100,000.” The news was released and the secondary market was directly detonated today, and Yonggui Electric, the leader of liquid-cooled guns, quickly hit the limit.
In the past, “charging faster than refueling” was still a dream. This year’s National Day, Huawei allowed the market to see the possibility of the dream becoming a reality. Now, Huawei once again uses actions to tell the market that next year, the dream will become a reality.
01
Huawei liquid cooling overcharges and then slows down
Energy replenishment problems will be solved soon
On November 28, at Huawei’s full-scenario press conference, Yu Chengdong said: “Hongmeng Zhixing’s charging service is connected to 340 cities across the country, 4,500 high-speed charging stations, and 700,000 public charging guns. It is predicted that by the end of 2024, Huawei’s 600KW fully liquid-cooled More than 100,000 super fast chargers will be deployed.”
It is reported that Huawei’s liquid-cooled overcharging solution adopts the form of a charging pile, which can achieve optimal power distribution according to the charging needs of new energy vehicles, bringing higher efficiency and benefits to charging stations.
What is the concept of Huawei’s liquid-cooled supercharging layout exceeding 100,000?
At present, Huawei has built more than 300 charging stations. Some experts said in October that Huawei plans to have 30,000 to 40,000 charging piles next year. The target announced at this direct press conference is 100,000, which is more than the upper limit previously estimated. times, greatly exceeding market expectations.
Currently, the value of a 600KW single pile exceeds 300,000 yuan, which means that the market demand for the entire project reaches an astonishing 30 billion yuan. If each charging pile is equipped with two liquid-cooled charging guns, 200,000 charging guns will be needed.
Huawei’s liquid-cooled overcharging technology has attracted attention for its high efficiency of “one mile per second, a cup of coffee with a full charge”.
Recently, Huawei has once again emphasized its mass production goals, which will further accelerate the development of the charging industry, making the charging speed of electric vehicles expected to significantly narrow the gap with traditional refueling speeds.
What are the advantages of Huawei’s liquid cooling overcharging?
Huawei’s liquid-cooled overcharging technology has obvious advantages in the field of overcharging. Compared with the air-cooling technology commonly used by domestic charging pile companies, Huawei’s liquid cooling technology has a more significant cooling effect.
For example, air cooling is similar to using a fan to cool down, while liquid cooling is like taking a cold bath as an efficient way to cool down.
Huawei’s fully liquid-cooled supercharging pile has a maximum output power of 600KW and a maximum current of 600A, making it one of the highest-power charging piles on the market.
Its applicability is also very wide, and it is compatible with all types of passenger cars and commercial vehicles, including Tesla and Xpeng, whether they are domestic or imported models.
Considering the current development status of new energy vehicles, especially in the European and American markets, the growth rate of new energy vehicles is relatively slow. One of the important reasons is the lack of charging infrastructure.
Against this background, if Huawei’s liquid-cooled overcharging technology can be promoted on a large scale, it will significantly shorten charging time and may further promote the popularity of new energy vehicles.
Huawei plans to deploy 100,000 fully liquid-cooled superchargers next year. If successfully implemented, it will mark the large-scale popularization of high-power fast charging technology.
Even if the target of 100,000 is not reached, it is at least foreseeable that the progress of supercharging technology will exceed market expectations, which is expected to end the era of energy replenishment anxiety.
02
Supply chain companies may see performance flexibility
The popularity of liquid-cooled overcharging technology indicates that the charging gun industry will usher in new development opportunities.
Since traditional air-cooled charging guns easily generate heat when handling high-power charging, the demand for high-efficiency liquid cooling technology has increased. This means that liquid-cooled charging guns suitable for high power and high current will become the new favorite in the market.
At present, the main domestic listed companies in the field of charging guns include Yonggui Electric, AVIC Optoelectronics, Wall Nuclear Materials, etc. Among them, Yonggui Electrical Appliances, as Huawei’s core supplier of liquid-cooled overcharging, has a particularly prominent market position.
Yonggui Electric not only provides Huawei with a variety of products including high-voltage connectors, wiring harnesses, and charging stands, but more importantly, the high-power liquid-cooled charging gun it provides is its core product.
On May 30 this year, Yonggui Electric announced that its wholly-owned subsidiary Sichuan Yonggui Technology Co., Ltd.’s liquid-cooled European standard DC charging gun (hereinafter referred to as: liquid-cooled CCS2 charging gun) passed CE, CB, and T?V certification. , the current specification of the certified liquid-cooled CCS2 charging gun is 500A, the voltage specification is 1000V, the maximum charging current supported is 600A, and the charging system can achieve 600KW energy replenishment.
However, Yonggui Electric’s performance was still sluggish in the first three quarters of this year.
Revenue and net profit have declined. In the first three quarters of 2023, revenue was 1.011 billion yuan, a year-on-year decrease of 3.40%; net profit attributable to the parent company was 90 million yuan, a year-on-year decrease of 23.52%; Q3 alone achieved revenue of 332 million yuan, a year-on-year decrease of 9.75% , a month-on-month decrease of 7.76%; net profit attributable to the parent company was 21 million yuan, a year-on-year decrease of 42.11%, and a month-on-month decrease of 38.28%.
In terms of gross profit margin, the first three quarters of this year hit a record low, and the trend is also declining year by year. The core reason was lower revenue and profit due to slowing demand for track non-connectors. The revenue of the charging gun business did not decline in the single quarter.
Judging from historical performance, the company’s profitability is not strong, and its gross profit margin has declined year by year.
The current fast charging era provides excellent development opportunities for related companies, among which the widespread application of liquid cooling technology is particularly important. For companies that have entered Huawei’s liquid-cooled overcharging supply chain, this is undoubtedly an important boost to performance growth.
The promotion of Huawei’s liquid cooling overcharging technology will not only benefit liquid cooling gun manufacturers, but will also drive the development of the entire liquid cooling technology industry chain.
Among them, companies involved in liquid-cooled temperature control, liquid-cooled module magnetic components, and liquid-cooled cables will directly benefit.
For example, Invic, a major supplier in the field of liquid cooling temperature control, and Jingquanhua, a supplier of magnetic devices, and Clik are all expected to take this opportunity to achieve significant growth in performance.
Summarize
In short, although the fast charging and overcharging markets have been discussed for a long time, the “one kilometer per second” fast charging technology proposed by Huawei on National Day and the subsequent mass production targets indicate that the market expansion of fast charging technology is a foregone conclusion.
This will not only bring significant benefits to suppliers in Huawei’s industry chain, but will also boost the expansion and development of the entire new energy vehicle market.
Susie
Sichuan Green Science & Technology Ltd., Co.
0086 19302815938
Post time: Dec-08-2023
