China is a step by step to dominate the global lithium battery market
Publish：Sino Energy Corporation Time：2017-04-12
[lithium engineering comprehensive report]
China‘s lithium battery industry is catching up at an alarming pace: just less than three years, China may be born beyond the Tesla super battery factory lithium battery giant.
According to a Bloomberg new energy finance estimates, if the main battery manufacturers to complete the scheduled production orders Chinese, 2020 China lithium battery production capacity will reach 121 GWH per year (GWh). In contrast, Tesla super battery factory located in the U.S. state of Nevada, 2018 reached maximum capacity, with an annual output of 35 GWH storage battery. 1 GWH electricity for 40000 electric cars traveling 100 kilometers.
Lithium batteries are now ten years ago in the solar panel industry, when Chinese companies poured into and dominate the photovoltaic industry chain, the cost of solar panels dropped by 70%.
Goldman Sachs research report that the automotive sector to accelerate the transformation of electricity, at least the next ten years will be the rapid development of lithium battery technology. By 2025, the global lithium battery market will reach $40 billion, while Chinese manufacturers may be "ruling" the industry.
Behind the rapid rise of China‘s lithium battery industry is the rapid rise of China‘s new energy automotive industry supply chain, as well as the government‘s massive stimulus support policies.
It is estimated that by 2020 China will reach 5 million vehicles on the road, is currently the number of times of five.Since 2012, the government China accumulated billions of dollars for the electric car industry subsidies, the car and battery maker BYD (BYD) to become the world‘s largest electric buses, car manufacturers, the market capitalization of approximately $18 billion 700 million.
In 2016, the Ningde times new energy in Fujian (CATL) production capacity reached 7.6 GW, the company president Huang Shilin said in an interview, is expected to reach 50GWh by 2020, the total capacity of lithium target. CATL is the only company in China to provide battery companies to foreign car companies, including BMW and volkswagen.
The Chinese government‘s new energy policy is also encouraging the lithium battery industry rapidly towards intensive. The new energy vehicles subsidy rules issued last year, enjoy the car battery manufacturers subsidies, the future must have at least 8 gigawatts of annual production, to enjoy subsidies. This provision means that only BYD, or CATL, such as lithium battery production giant is eligible for subsidies.
Since 1981, SONY opened the commercialization of lithium batteries, heard from the iPhone, lithium battery industry chain has been in the hands of Panasonic, LG, Samsung and other manufacturers in Japan and South korea. Tesla‘s super battery factory, is a joint venture with panasonic.
But in the second years after entering twenty-first Century, China‘s lithium battery industry quickly catch up with the ten. In 2013, South Korea has become the world‘s largest supplier of lithium batteries. 2016 China sold more than 500 thousand pure electric, plug-in hybrid cars, an increase of 50%.
According to research firm Bernstein data, although Panasonic is still the world‘s largest supplier of electric vehicle batteries, but China‘s BYD, CATL has followed.
DuncanGoodwin, head of Barings global resources strategy, said: "the Japanese invented the lithium battery, the Koreans have expanded their use, but in the end the Chinese will dominate the market. We will witness China‘s domestic demand, will lead to the lithium battery industry leap forward development."
