New energy subsidies, ternary lithium batteries or will usher in an explosive growth period

Recently, the new energy subsidy new policy was officially implemented! According to the latest “Recommended Models for New Energy Vehicle Promotion and Application” issued by the Ministry of Industry and Information Technology, it will be abolished for the full year of 2017 and the “Recommended Model Catalogue” for the first four months of 2018, and the sixth batch of recommended models in 2018 will be promulgated in the same period. table of Contents. The new "high" specification of the new policy puts higher challenges on the energy consumption of new energy vehicles, and at the same time stimulates the market's enthusiasm for the ternary lithium battery industry chain.

At the end of the transition, the technical battle is becoming clearer

In February of this year, the four ministries and commissions jointly issued the 2018 New Energy Vehicles Supplementary New Policy - "Notice on Adjusting and Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles" (hereinafter referred to as the "Notice"). The "Notice" clearly stated that the transition period of the financial subsidy policy for new energy vehicles was completed and was officially implemented on June 12, 2018.

The Notice has a wide range of influences. In simple terms, watersheds are defined for the cruising range. The subsidies for new energy vehicles below 300 km will be reduced. There will be no subsidies for less than 150 km, and new energy vehicles with more than 300 km will be required to be graded. Clearly, the state policy subsidies are more in place and implemented. For the industry leading technology companies, the subsidy is relatively strong. This also directly led to the trend of ternary lithium batteries to catch up with lithium iron phosphate mentioned later.

With the end of the transition period for new energy subsidies, and the release of the sixth batch of new energy recommended models in 2018. The most obvious signal is: to ensure the continuity of the policy and the continuity of the model, and the subsidy of the new policy on the technical indicators of the model has significantly improved, tend to support and strengthen.

Helping quality Help the strong, ternary lithium battery has obvious advantages

As mentioned above, the catalogues for the whole year of 2017 and the first four months of 2018 have been abolished, so the Ministry of Industry and Information Technology recently released the new energy tram in the Catalogue of Recommended Models for Promotion and Application of New Energy Vehicles (6th Batch in 2018). It is definitely the type of car that best fits the current policy. Whether it is a policy subsidy or a recommended list, energy density is the direction of policy encouragement.

The author found that the latest list of new energy recommended models covers 353 models of 112 companies, including 52 new energy passenger cars. In the 52 new energy vehicles equipped with power batteries, up to 36 new energy models are equipped with ternary lithium batteries, and only five new energy models are equipped with lithium iron phosphate batteries... The higher density three-cell lithium battery gradually It is the first choice for battery-powered passenger cars.

Taking a new domestic energy automobile giant as an example, due to the different performance characteristics and different application scenarios of lithium iron phosphate battery and ternary battery, lithium iron phosphate battery has the advantages of high safety and long cycle life, which can meet the safety requirements. High-speed, higher-frequency commercial vehicle sector. In the passenger car field where space and weight are more demanding, the high energy density ternary battery can achieve longer cruising range and better suit the needs of individual consumers. It can be seen that the ternary lithium battery has a very large market space in the future.

New Deal escort, ternary lithium demand or blowout

To put it simply, subsidies for battery life above 300 km have been raised, and subsidies below 300 km have been reduced or cancelled. This is also encouraging car manufacturers to manufacture new energy vehicles with higher cruising range. As one of the more sustainable evaluation indicators, the energy density of lithium iron phosphate battery cells is usually between 90Wh/kg-120Wh/kg, while the energy density of ternary lithium battery cells can reach 200Wh/kg.

In terms of power battery energy density, according to the 2018 subsidy new policy, the mass energy density requirement of the pure electric passenger car power battery system is not less than 105Wh/kg. In the recommended model catalogue, there are 36 models with energy density of 140Wh/kg and above, accounting for 79%, of which 72% of pure electric vehicles can get 1.1 times subsidy, and 7% of pure electric vehicles can get 1.2 times subsidy. .

The subsidy standard for new energy vehicles mentioned earlier is based on the energy density of the battery system. The policy stipulates that when the energy density of the battery system exceeds 120Wh/kg, it can enjoy a subsidy of 1.1 times. This should be the reason for a large number of domestic ternary lithium battery production lines, plus Japan and South Korea's insistence on the direction of ternary lithium battery technology, to inject strong confidence into the market.

The page contains the contents of the machine translation.