Analysis of the market status and development prospects of China's power lithium battery industry

1. The supply side is affected by the new energy automobile market. In 2019, the growth rate of China's power lithium battery shipments has declined. In recent years, China's automobile lithium battery industry has grown from nothing, from small to large, and has developed rapidly, with production capacity second only to In Japan. With the key support of national science and technology projects, China has made significant progress in research on key technologies, key materials and products of power lithium batteries. According to the research data of the Advanced Industrial Research Institute of Lithium Battery (GGII), China's power battery shipments in 2019 were 71GWh, a year-on-year increase of 9.2%. Compared with 2018, the growth rate has slowed down. The reason for the slowdown was mainly affected by the decline in the production and sales volume of the new energy vehicle market. In 2019, China's production of new energy vehicles was 1.242 million, a year-on-year decrease of 2.2%. 2. On the demand side, the installed/shipped ratio of power lithium batteries has declined in 2019. From the perspective of the gap between power battery shipments and installed capacity, the proportion of installed capacity in shipments from 2017 to 2019 has gradually stabilized, and the ratio is showing Decrease trend. Compared with 2018, the power battery market did not see large-scale growth in 2019, mainly due to the adjustment of industry subsidy policies. In 2019, the new subsidy policy continues to increase the requirements for high energy density of power batteries and high mileage of vehicles, and the corresponding subsidy policy has undergone major adjustments compared to the previous period. During the transition period from January to June 2019, the new energy vehicle market as a whole is in During the high 'excitement period3. Market scale. China's power lithium battery market declines in 2019. According to the GGII, the power lithium battery market in 2019 is estimated to be 71 billion yuan, a year-on-year decrease of 11.8%, and the growth rate is slower than the growth rate of shipments. , The direct reason is that the price of power lithium batteries fell 15%-20% year-on-year. 4. Prospects In 2020, the demand for new energy vehicle power lithium batteries will reach 104GWh. The lithium battery new energy industry has a bright future, but the future is relatively tortuous. When many companies and investors entered the lithium battery field, they did not understand the actual situation of the current industry and lacked core technology. Pu Xun technology can provide technology. According to the 'Energy-saving and New Energy Vehicle Development PlanAlthough state subsidies have declined year by year, the double-point policy relay has become a new driving force for the development of domestic new energy vehicles. In addition to the policy drive, the continuous launch of popular models that meet consumer needs will also drive the continued improvement of the new energy vehicle market. It is expected that the domestic new energy vehicle output will reach 1.936 million in 2020. Due to the increase in the proportion of high-end models, the charge capacity of bicycles will also increase. Taking into account the annual demand for old battery replacement, leasing or battery exchange mode, it is estimated that by 2020, the domestic demand for power batteries will reach 104GWh.