China's power lithium battery market supply and demand status and competitive landscape analysis
In 2020, my country's power battery production will accumulate 83.4GWh, of which ternary batteries and lithium iron phosphate batteries together account for 99.5%. In 2020, China's power battery shipments will be 80GWh, a year-on-year increase of 13%, and the market size will be approximately 65 billion yuan, a year-on-year decrease of 8.5%. The market will appear to increase without value appreciation. The installed vehicle volume is 31.79GWh, ranking first in market share, followed by BYD with 9.48GWh. The output declined slightly, and the development of ternary batteries and lithium iron phosphate batteries as the main power batteries as the core components of new energy vehicles is closely related to the new energy vehicle industry. According to data from the China Automotive Power Battery Industry Innovation Alliance, from January to December 2020, my country's power battery output will total 83.4GWh, a cumulative drop of 2.3% year-on-year. According to the type of material, in 2020, the total output of ternary batteries is 48.5GWh, accounting for 58.1% of total output, a cumulative decrease of 12.0% year-on-year; the cumulative output of lithium iron phosphate batteries is 34.6GWh, accounting for 41.4% of total output, cumulatively An increase of 24.7%. Shipment volume has increased year by year, and the market size has fluctuated and declined. Data shows that from 2016 to 2020, China’s power lithium battery shipments have increased year by year. In 2020, China's power battery shipments will be 80GWh, a year-on-year increase of 13%. Under the influence of the epidemic, there will still be an improvement in 2020 compared to 2019. The main reasons: 1) The domestic new energy terminal market recovered beyond expectations in the second half of 2020, coupled with the release of new models in the second half of the year, which drove the enthusiasm of consumers to buy cars, resulting in the domestic new energy vehicle market sales exceeding 1.3 million; 2) 2020 The European new energy vehicle market has grown faster than expected, with annual sales exceeding that of China, which has boosted the export scale of some domestic head battery companies. Different from shipments, from 2016 to 2020, China's power lithium battery market will fluctuate. The size of the power battery market in 2020 is about 65 billion yuan, a year-on-year decrease of 8.5%. The growth rate is slower than battery shipments, mainly due to the decline in battery cell and module costs. The reason why the power battery market has not increased in value in recent years is mainly due to the decline in battery cell and system prices much faster than the increase in battery cell shipments. The installed vehicle volume has reached 63.6GWh, and the CATL has the largest market share. From January to December 2020, my country’s power battery installation volume has accumulated to 63.6GWh. A total of 72 power battery companies in my country’s new energy vehicle market have achieved installation support, compared with 2019 There was a decrease of 3 in the same period. Among them, CATL’s installed vehicle volume was 31.79GWh, accounting for 50%, ranking first; BYD’s vehicle loading volume was 9.48GWh, accounting for 14.9%, ranking second; LG Chem’s vehicle loading volume was 4.13GWh, accounting for 6.5% ,Ranked third.