China Lithium Battery as Master

Chinese new energy policy has attracted global attention in recent years, and China is becoming the dominant market in the fiercely competitive lithium battery market.

Not long ago, the government called on domestic battery companies to double their battery capacity by 2020, encouraging them to invest in factories overseas, the report said. Lithium-ion batteries will be a key technology for at least the next 10 years, creating a huge market as carmakers increase their investment in electric vehicles.

China overtook South Korea as the world's largest supplier of lithium batteries for electronic devices in 2013, according to Goldman Sachs. A year later, as the Chinese electric car market began to take off, this leading edge further expanded. China sold 507,000 pure electric and plug-in hybrids in 2016, up 50 percent from the previous year.

Regarding the rapid development of the size of Chinese lithium batteries, Dengken·gudewen, head of stock of the Baring Global Resources Plate, a fund management company, commented that "the Japanese invented it, Koreans sought to expand the production scale, and the Chinese eventually took a dominant position. Because the market is ultimately in China. "

And the reason why China lithium-ion batteries can come from behind is mainly because of price factors.

According to the analysis of the report, it is the biggest advantage for Chinese battery manufacturers to compare with competitors such as Tesla because they do not receive subsidies or encounter obstacles: the acquisition of raw materials. In the past year, Chinese companies have repeatedly launched lithium-ion supply chains to buy mining assets such as cobalt and lithium to reduce costs.

The page contains the contents of the machine translation.