Market news Ningde times and Tesla signed a supply agreement, the stock price hit a new high

On the evening of June 28, Ningde Times announced the signing of a supply framework agreement with Tesla. According to the agreement, the company will supply lithium-ion power battery products to Tesla from January 2022 to December 2025.

However, in this agreement, the sales quantity and amount are not clearly marked. According to the agreement, the specific purchase situation is determined by Tesla in the form of order, and the final sales amount shall be subject to the actual settlement of the purchase order issued by Tesla. Ningde times also specially indicated in the announcement that this agreement is a supply framework agreement, and the final supply situation will be determined by Tesla's order.

In other words, there is still uncertainty about the impact of this Agreement on the subsequent business performance of Ningde era.

According to public information, Ningde times was founded in 2011, focusing on the R & D, production and sales of new energy vehicle power battery system and energy storage system. It is the first domestic lithium-ion power battery manufacturer to enter the supply chain of international top automobile enterprises. On June 11, 2018, Ningde times was listed on the gem. From the financial data released by Ningde, the growth momentum of Ningde era is also very good.

In the first quarter of 2021, the operating revenue of Ningde times reached 19.167 billion yuan, a year-on-year increase of 112.24%. The net profit attributable to the parent company was 1.954 billion yuan, a year-on-year increase of 163.38%. Before the signing of this agreement, the share price of Ningde times has risen for three consecutive months.

But in contrast, Tesla, a new energy vehicle company, is facing various challenges.

Since entering the European market in 2013, Tesla has been the most popular electric vehicle brand in Europe, with a market share of more than 30% in 2019. However, by 2020, Tesla's market share in Europe will drop to 13%.

In the Chinese market, Tesla has been in the public relations crisis of consumer rights protection since April, which has also led to a new low of Tesla's sales in the Chinese market. According to public data, in May this year, retail sales of new energy passenger cars in China reached 185000, of which Tesla's retail sales reached 21936, accounting for about 11.9%, lower than that of SAIC GM Wuling and BYD.

However, in this announcement, Ningde times also stressed that the performance of the agreement will not adversely affect the company's business independence, and the company will not rely heavily on customers.

Affected by the news, Ningde times shares hit a new record. As of the close of June 29, Ningde Times rose 2.96% to 508.51 yuan per share, with a total market value of 1.18 trillion yuan. At the same time, a number of securities companies raised the target price of Ningde era. Among them, CICC raised the price by 9% to 600 yuan. In CICC's view, Ningde forward's global market share can reach more than 30%.