Domestic power battery technology has been compared with foreign countries

In recent years, in the context of the explosive growth of the domestic electric vehicle industry, the lithium battery market, which is the core component of electric vehicles, has also entered the fast lane of development. According to national planning, by 2020, the number of electric vehicles in China will reach 5 million. In the entire industrial chain, the battery is the most critical link, accounting for 40%-60% of the cost of the entire vehicle.

On July 11th, Ningde Times New Energy Technology Co., Ltd., the world's lithium-ion battery manufacturer in the field of electric vehicles and energy storage, was ranked third in the world. The relevant research and development capabilities and product quality of Ningde era were explained.

Huang Shilin, president of Ningde Times, believes that when lithium-ion batteries were first introduced to China more than a decade ago, the overall level of Chinese lithium-ion battery companies was nearly 10 years behind the international level. However, relying on the national “Twelfth Five-Year Plan”, domestic lithium iron phosphate batteries and ternary lithium batteries continue to develop rapidly. Nowadays, during the "13th Five-Year Plan" period, domestic and foreign levels have moved forward in parallel, and China's outstanding power battery companies have ranked among the top in the world.

Looking at the global automotive lithium battery market in 2015, Panasonic, as a major supplier to Tesla, has a strong production and a solid position. Domestic power battery companies have also taken advantage of the country's favorable policies, the competitiveness has been continuously improved, and the scale of production and sales has been continuously expanded, which has already occupied a place in the international market. Among them, BYD relies on the complete industrial chain from battery to vehicle and self-production and sales model, lithium battery production ranks second, Ningde Times New Energy Technology Co., Ltd. is ranked third.

It is worth mentioning that the rapidly rising market demand has become a strong boosting force for the entire industry. Relevant data show that in 2011, China's lithium battery production was less than 15Gwh, and power lithium batteries accounted for almost no proportion. By 2015, China's lithium battery production rose to 47.13GWh, and the proportion of power lithium batteries rose to 36.07%. Along with the strong outbreak of market demand, the price of raw material “lithium” has increased from tens of thousands of yuan at the beginning of 2015 to more than 100,000 yuan.

Combined with the current market situation, Huang Shilin believes that with the continuous growth of new energy vehicles, there will be an explosive growth in the demand for high-performance, safe and reliable power batteries in the domestic market in the future. "Our country has upgraded the development of power batteries to a strategic level. The national '13th Five-Year Plan' has clear scientific and technological projects, the next generation of products will double the energy density of current power batteries by 2020 and the price will be cheaper, in half, we are confident that we will achieve this goal during the '13th Five-Year Plan' period, which is also an important indicator for the next generation of power battery production."

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