What is the global market demand for power batteries? Which lithium battery is used the most?

With the increase in vehicle life requirements, the demand for high energy density ternary batteries has increased significantly. It is estimated that the number of new energy vehicles equipped with ternary batteries will reach 1.8 million in 2020, accounting for more than 90% of the total number of new energy vehicles. We estimate that in 2018, domestic new energy vehicles are expected to exceed the demand of 28GWh for ternary batteries, corresponding to the market size of over 39 billion. By 2020, the demand for ternary power batteries will increase to 76GWh, corresponding to a market size of over 80 billion, a CAGR of approximately 39% for 2018-2020, and a CAGR of approximately 27% for 2018-2020.

China power battery Shipment

With the start of electric vehicles in China in 2011, the power battery industry has entered the initial stage of development, with annual shipments below 1GWh and only maintaining a small increase. According to the Prospective Industry Research Institute's “Power Cell PACK Industry Development Forecast and Investment Strategic Planning Analysis” According to the report, the industry entered an explosive development period with the introduction of the subsidy policy in 2014. Power battery shipments climbed from 5.9GWh in 2014 to 17.0Gwh in 2015, a year-on-year increase of nearly 2 times. In 2016, China's power battery shipments reached 30.5GWh, an increase of 80% over the previous year. In general, as a key link in the new energy vehicle industry chain, the power battery industry will benefit from the growth in sales and penetration of new energy vehicles. In 2017, the cumulative shipment of power batteries was 39.2GWh, an increase of more than 30%. Combined with the production and sales of new energy vehicles, the power battery will continue to grow at a high rate from 2018 to 2020, with a CAGR of about 30%.

Since 2014, the power battery installation has entered an explosive growth period, and the recovery of power batteries has gradually been put on the agenda. General household passenger cars and electric bus batteries will be retired in about 5 years, and taxi and logistics vehicle power batteries will generally be retired in 2 years. Judging from this, starting from 2018, China will have a large number of power batteries into the end of life.

The page contains the contents of the machine translation.