The reduction in supply from Japanese manufacturers means the opportunity for lithium batteries in Dongguan

Japan's Furukawa Electric, Hitachi Chemical, JX Nippon Mining and Mitsubishi Chemical's four materials manufacturers account for half of the world's four major lithium battery materials market. In this earthquake, four material manufacturers have factories located in or near the disaster area. Dongguan enterprises, which are leading the domestic lithium battery market, are expected to take the opportunity to expand their territory.

Earthquake or Japanese lithium battery industry chain contraction

The impact of the earthquake in Japan on global industries is gradually emerging. After the media reported the news that Japanese electronic chips are out of stock, the global lithium battery materials market will follow suit.

According to the "First Financial Daily" report, there is no problem in the supply of electronic chips in the short term, but Japanese manufacturers have a high market share in lithium battery raw materials, high-end LCD driver ICs and flash memory chips, if they cannot resume production as scheduled. The supply to the future market will have a greater impact.

"After the earthquake, the production of lithium battery materials in Japan was affected." A senior executive of Dongguan Shanshan Battery Materials Co., Ltd. (hereinafter referred to as "Shansu Battery") said that the current goal of the Japanese lithium battery industry is not the market. It is to improve its industrial chain. After the factories in the disaster areas are affected, the Japanese lithium battery industry may take the opportunity to shrink the Chinese market and strengthen its own industrial chain.

Dongguan lithium battery can be expanded

"The reduction in supply from Japanese manufacturers means the opportunity for lithium batteries in Dongguan." In the view of the high-level of Shanshan Battery, Dongguan is a new force in the electric vehicle industry, but in the key areas of electric vehicles, lithium in Dongguan Battery technology is at the forefront of the country.

"In fact, we are not comparing the market with Japanese manufacturers, but technology." The person said that a decade ago, almost all domestic lithium battery materials were imported, but now domestic manufacturers have occupied a considerable portion of the market.

It is reported that at present, Dongguan's lithium battery field has accumulated well-known manufacturers such as Shanshan Battery, New Energy Technology, Maike Technology, and Big Battery, covering the production from materials to lithium battery terminals.

The person in charge of the new energy technology said that the current earthquake in Japan has basically no impact on the production of the company, because the lithium battery materials required for production are basically made in China. He believes that if the Japanese lithium battery materials supplier reduces domestic supply, this is instead lithium for Dongguan. Battery manufacturers offer great opportunities for growth.

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