Interesting Mass production of multiple heterojunction battery production lines exceeds RMB 30 billion, market demand drives equipment factories "rising tide"
April 2, 2021 Author: Xiaobei
(PV-Tech News) Recently, the N-type technology route represented by heterojunction (HJT) has successively achieved multi-dimensional breakthroughs in product efficiency and mass production, and the industrialization process has accelerated.
On March 25, iCell heterojunction cells of the 220MW heterojunction battery project phase I of Akcome's Zhejiang Huzhou base were mass-launched and announced that it has entered the stage of mass production and large-scale production.
The mass-released heterojunction battery is the first generation product of iCell, which is a new stage from R&D sample to large-scale mass production following the progress of sample production in December last year. Yi Zhikai, the person in charge of the Changxing heterojunction battery project at Akcome, said that with the rapid decline in the cost of heterojunction equipment and non-silicon costs, the battery cost can be reduced to 0.8 yuan/W in the next three years, and the product efficiency will be greatly improved. Will win a higher market share by virtue of higher cost performance.
It is reported that the Aikang Huzhou base plans a 6GW high-efficiency heterojunction cell and module project. The current phase I will reach a production capacity of 220MW heterojunction cells, and the overall production capacity of 2GW will be achieved in 2021.
On March 29, the official website of Huasheng New Energy reported that the company's 500MW heterojunction battery project was officially put into production. The average conversion efficiency of the trial production of HJT cells reached 23.8% in the first week, and the highest efficiency reached 24.39%.
According to reports, Anhui Huasheng’s 500MW heterojunction battery module project is the world’s first low-cost intelligent mass production HJT project. Taiwan equipment was moved in, and the film was officially put into production on March 18, 2021.
Anhui Huasheng disclosed that in the subsequent capacity ramp-up process, the company’s 500MW HJT battery module project will use high-precision string welding technology and introduce silver-clad copper paste, which will greatly reduce the unit silver consumption of HJT batteries, making it compatible with PERC The gap between the unit silver consumption of batteries has narrowed sharply from around 100% in 2020 to less than 20%.
After continuous optimization of the follow-up process, the silver consumption of HJT batteries is expected to be close to or even lower than that of PERC. Since HJT battery silver paste can account for 40%-50% of non-silicon cost, if the new paste and string welding process can be effectively promoted, the cost of HJT battery can be significantly reduced, and it is expected to enter the era of low-cost mass production.
The investment in the whole line of heterojunction drops in 2020-2022 equipment market demand exceeds 30 billion yuan
With the gradual disclosure of the mass production data of the pilot lines of many companies, the industry chain's confidence in the heterojunction battery continues to increase. Many battery factories tend to purchase domestic equipment, which will greatly stimulate the growth of orders for heterojunction battery equipment companies, and the corresponding equipment companies will follow the "rising tide."
It is understood that the heterojunction cell production line put into production by Anhui Huasheng adopts YAC cleaning and texturing equipment, Maiwei and ideal PECVD equipment, Maiwei PVD equipment, Maiwei and Zhongchenhao’s silk Screen printing equipment, and used the MES system released by Maiwei at the HJT2.0 product launch conference on December 4, 2020 to schedule and intelligently optimize the full battery production line.
From the perspective of equipment adoption, Maiwei equipment has appeared many times. According to the previous production line winning information announced by Anhui Huasheng, the company won the bid of 188 million yuan in HJT complete line equipment orders and two sets of PVD equipment orders totaling 60 million yuan, plus the MES system. 78%.
Anhui Huasheng CEO Xu Xiaohua said that the company will hold the launch ceremony of this round of HJT project in late April. As the project gradually reaches production, the company also plans to start the expansion of the 2GW-scale HJT battery + module project in the second half of the year. It is reported that this new company, established in 2020, plans to build a production line of heterojunction solar cells and modules of more than 10GW by 2025.
In addition to Anhui Huasheng, in the second half of 2020, Tongwei Jintang, Canadian Solar, Akcome Technology and other companies have completed equipment bidding for multiple heterojunction projects. The construction of domestic heterojunctions has accelerated, and most of the leading battery factories have also completed the bidding process. There are related heterojunction technology layouts.
With the development of technology, heterojunction has also been recognized by more and more institutions. According to Bank of China Securities, the localization of heterojunction equipment is currently advancing rapidly, and the investment in the entire line has dropped to 450 million yuan/GW. Leading equipment companies that have already deployed and made significant progress are expected to enjoy higher order flexibility in the early stages of industrialization.
The new round of project expansion plans are gradually being implemented. Domestic HJT equipment companies represented by Mai have seized the opportunity and have begun to enjoy the market dividends brought by the expansion of the HJT project. It is reported that companies such as Anhui Huasheng, Tongwei Jintang Project, Canadian Solar have purchased orders for the entire line of Maiwei.
Soochow Securities pointed out that as the HJT production line has entered mass production one after another, HJT is about to begin to explode. We expect that the industry will expand by 10-20GW in 2021, and the market demand for HJT equipment will be about 31 billion yuan in 2020-2022. In this process, head equipment vendors with complete line capabilities will gain first-mover advantages. We expect that the market share of Maiwei is expected to reach 50% in the future.
According to the 2020 performance forecast previously disclosed by Maiwei, the net profit attributable to shareholders of listed companies in 2020 is expected to be 365 million-405 million yuan, a year-on-year increase of 47.45%-63.61%.
(Editor in charge: Xiao Bei)
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