What is the impact of new energy vehicles on the power lithium battery pack industry?

At present, lithium battery packs combine the characteristics of lithium batteries with no pollution and high energy storage efficiency in the context of the country's strong development of new energy vehicles. China's new energy vehicle production and sales have an obvious upward trend, industry demand is strong, and new energy vehicles are used as power lithium batteries. The important application areas of the package, its industry development needs will have a greater impact on the lithium battery industry.

1 Power lithium battery pack demand is strong, the scale is increasing

In 2015-2025, electric vehicles replaced electronic products and became the main force in the growth of lithium batteries worldwide. In recent years, under the encouragement and subsidies of industrial policies, the new energy vehicle market continued to expand rapidly, driving the demand for power lithium battery packs to soar.

It is estimated that the global lithium-ion battery demand will reach 124GWh in 2020, of which the demand for automotive lithium battery is 39GWh, accounting for 31%. The market size of automotive lithium-ion batteries is expected to increase from US$2.5 billion in 2011 to US$14 billion in 2020, a compound growth rate of 22%. It is estimated that in 2015-2025, the three fastest growing areas of lithium battery shipments are: China's electric vehicle market (24%), China's electric vehicle market (16%), and industry (16%).

2 lithium battery pack shipments have seen a relatively high increase

With the continuous expansion of new energy vehicles, domestic power battery demand will grow rapidly. In 2017, China's power lithium battery pack shipments were about 30.5Gwh, an increase of 79.41%. In the first half of 2018, China's power lithium battery shipments were 16GWh, and the annual shipments are expected to reach 42.8Gwh.

3 New energy vehicle production and sales ushered in explosive growth

With the rise of international oil prices and the increasing emphasis on environmental protection issues, new energy vehicles have gradually become the development trend of the world automotive industry. The increase in policy tilt, the large-scale car companies to rush to the beach and the increasing awareness of consumers' environmental protection have led to the rapid expansion of China's new energy vehicle market.

In 2009, the intensive support policy opened the fast lane for the growth of new energy vehicles in China. In 2011, the industry entered the stage of industrialization. In 2014, China's electric vehicle market showed a blowout situation, and both production and sales increased by more than three times. In recent years, production and sales have been booming. In 2017, the total production of new energy vehicles totaled 794,000 units, with sales of 772,000 units, an increase of 53.8% and 53.3% over the same period of the previous year.

By 2020, the sales volume of new energy vehicles will reach 3 million units; recently, the four central ministries and commissions jointly issued the tax exemption policy for electric vehicles to continue until 2020, and the policy tilt is more evidence that electric vehicles are the mainstream of future development. It is estimated that the sales of new energy vehicles in 2018 will exceed 1 million units. The new production and sales volume of domestic new energy vehicles has hit new highs, which has led to explosive growth of the power lithium battery pack industry.

4 energy storage lithium battery pack with confidence

The energy storage lithium battery pack has a wide range of applications: small computer rooms, weak room rooms, new energy outdoor sites, communication base stations, indoor and outdoor airless sites, radio and television, military, oil and meteorological sites. The lithium battery pack is characterized by safety, environmental protection, small size, light weight, long life and fast charging. New energy vehicles use our lithium battery packs without any problems at all.

Summary: Regardless of how future policies are developed, the ability to control costs, continuously update lithium battery technology, and increase the energy density of lithium batteries, will be the core competitiveness of power lithium battery companies.

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