20240307_浙商证券_超充行业深度报告：超充产业化进程提速关注车桩供应链升级_28页.pdf

2024 03 07 超充 产业 化 进程 提 速，关 注车 桩 供应 链 升级 超充 行业深度报告&SiC SiC:()1 800V.5 2&SiC.10.3.20.4.25 5.26 YWDWzQsPoNqRqOnOmRrOnM9P8Q8OpNnNpNsOfQqQnOiNqQzRaQpPwOwMsRqQxNqRyR.1 800V 800V 10min 400V 800V 230V-450V 400V 400V 550-930V 800V 800V 1 2 1 610 3060 5-20 5/0.60.8/1012/0.20.4/0%10%20%30%40%50%60%0.5-1,4%1-1.5,23%1.5-2,35%2-2.5,23%2.5-3,8%3,7%3 4 1000V/500A 5 26 800V 50%6 7 2 E-GMP PE Si SiC 400V/800V 800V 800V 600A 5min 200km 480kW SEA 800V 800V 5min 120km 5min 200km A480 6 5min 200km,A480 880V 480kW 800V 800V 800V SiC 10min 400km 2.2C 158A.h 250W.h/kg 16min 20%80%SOC 4C 10min 20%80%SOC 2400W 165Ah 260Wh/kg 1500 2023 2 0%10%20%30%40%50%60%02004006008001000120014002023E 2024E 2025E 2026E800V 8 0 0 V 8 0 0 V%800V 400V 3 Driving800V ACcharging800V DCcharging400Vor800V Driving400V ACcharging400V DCcharging400Vor800V 800V 400V 800V 400V 120kW400V-800VDCDC 800V 400V 800V 800V 150kW400V-800VDCDC 400V 800V 800V 400V 400V/800VDCDC 800V 400V 800V 400V 800V 800V DCDC 8 9 10 U m a x 5 0 0 V,12%Umax=750V,61%9 5 0 V U max 1 0 0 0 V,24%30KW,8%60KW,25%120KW,32%150KW,30%150KW,5%2&SiC 11 950V 450V 6520+4 450Vdc 950Vdc A1 A1+3500 BMS A2 A2+300 A3 A3+2000 OBC+DCDC A4 A4+800 A5 A5-500 A6 A6+400 PTC DCDC A7 A7+20 A A+6520 2.1 BMS 800V BMS 12 4C 5 2022 6 1000km 4C 10min10-80%soc 2023 8 16 700km+4C 10min=400km-10 30 80%2023 12 14 500km+4.5C 15min=500km-10 25%LFP 2023 11 600-700km 10 80%SOC 600A 18%-20 C 80%-2023 6 1000km 8C-4C-2023 4 6 6C+2.2 4C 13 14 15 6 0V Cu Ni Si Sn Si Sn 0.5V 4200mAh/g 372mAh/g 1 2 3 16 17 7%0.1C mAh/g%C 0.5C/C 0.1C C 1C/C 0.1C C 2C/C 0.1C C 5C/C 0.1C 0 321 68%41%21%7%2 358(+12%)8 2%(+1 4%)54%(+1 3%)2 5%(+4%)9%(+3%)5 371(+16%)8 6%(+1 8%)6 6%(+2 5%)3 5%(+1 4%)1 0%(+3%)8 351(+9%)8 3%(+1 6%)5 3%(+1 2%)2 5%(+4%)1 0%(+3%)11 335(+4%)8 0%(+1 2%)5 8%(+1 7%)2 7%(+6%)1 0%(+3%)14 340(+6%)8 0%(+1 2%)5 6%(+1 5%)2 9%(+8%)1 2%(+5%)2.3 4C 60%8 SP VGCF 18 19 60%27%8%4%1%2.4 SiC SiC Si 20 1 2 DC/DC 3 OBC 4 21 22 23 24 SiC 1500 800V 25 26 9 OEM SiC 2018 Model3 2021 45 2016 OBC DC-DC 2020 2024 2025 2018 OBC DC-DC 2023 2021 SiC 800V SiC 400V 2021 ET7 SiC 2022 2023 SiC 2021 E-GMP 800 SiC 0100200300400500600700800900/00.511.522.530123452017 2018 2019 2020 2021650V SiC SBD 650V Si FRD 10 750V 1200V=450V 800V 500V 950V IC 600V 1200V IC 500V 1000V X 305V 480V AC X2 X1 Y 300V 500V AC Y2 Y1 900V 500V 900V 500V 900V 500V 900V 500V 900V 3 3.1 27 28 11 K W V 12 10 0.5%5%5%,0.5%,10 3.9 3.9 10 5 5 10 1 10 48 48 98%68%30%*38/600kW 30%,0.8 380 95%94%E2E 1%600kW 30%100 1.2 12/55dB 75dB 2%,*2%*1.7 17/460.9-2023-2025 MI 29 30 3.2 SiC SiIGBT SiC MOSFET 7.8510.147.897.296.28024681012 EV 50%75%100%31 32 33 34,15%,10%,10%,15%,12%PCB,5%,5%,8%,15%,5%,50%13 3.3 35 36 14 A V 1000 1500 2022 12 600 1000 CE CB TV-750 1000 2023 3 800 1000-37 4 800V 1 2 15 PE 2022 2023E 2024E 2025E 2022 2023E 2024E 2025E 5 800V