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Recently, Ningde Times released its third quarterly report. According to the data, the company achieved operating revenue of 12.7 billion yuan in the third quarter, up 0.8% year on year, and net profit of 1.42 billion yuan, up 4.24% year on year.

In September 2020, among the top 100 market capitalization of Fujian A-share listed companies, Ningde Times ranked first with 446.1 billion yuan. At the beginning of November, the market value of Ningde Times has exceeded 600 billion yuan by taking advantage of the sharp rise of the stock market!

At present, Ningde Times has gathered almost all the world's leading car companies, including Tesla, Daimler, BMW, Volkswagen, Toyota, Honda, Hyundai, etc. The Ningde era of "no less than customers and no less than money", accompanied by policy dividends, seems to have become the leader in the domestic power lithium battery field.

In the field of global power lithium battery, there used to be a pattern of "Three Kingdoms Killing". Panasonic, LG Chemical and Ningde Times were three pillars. Now, the industry is transiting into a pattern of two rivals: LG Chemical and Ningde Times compete repeatedly in the global list of monthly installed capacity of lithium battery. In the next five years, the global power lithium battery field will evolve into a competition between two giants!

On the whole, Ningde Times and LG Chemical have started a tug-of-war for the world's power lithium battery leader. Although the former king Matsushita has not completely fallen behind, the sense of existence is becoming weaker and weaker. From this point of view, the power lithium battery field may become a duopoly era in the next 3-5 years.

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