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CTECHI is an expert in battery solutions, specializing in ODM, OEM, and SKD for energy storage, motive power, and consumer batteries.

The development of new lithium batteries

According to reports, a research team from Pennsylvania State University in the United States has published a new type of lithium-ion battery technology in the internationally renowned journal Joule, which enables electric vehicles to travel 320 kilometers to 480 kilometers in just 10 minutes. With the continuous breakthrough of lithium battery technology and the continuous increase of the state's support for new energy vehicles, the lithium battery industry has been in the industry's upward cycle. As the world's largest manufacturer of lithium-ion batteries, China has fully benefited from the rapid development of the lithium battery industry. From the perspective of the application fields of lithium batteries in my country, the traditional 3C digital market has gradually slowed down, with a compound growth rate of 6.05% in the past five years; the energy storage market has grown rapidly, with a compound growth rate of 31.57% in the past five years; power batteries Driven by the rapid development of the new energy vehicle market, the field has become the segment with the strongest growth, with a compound growth rate of 66.87% in the past five years. Combined with the data, power batteries for new energy vehicles and batteries for energy storage have contributed the main force to the revenue growth of the lithium battery market. From the perspective of market conditions, my country’s lithium-ion battery market output reached 102.00GWh in 2018, an increase of 26.71% year-on-year, and my country’s global output accounted for 54.03%, which was stimulated by the development of new energy vehicles (in 2018, my country’s new energy vehicle output reached 1.22 million vehicles, a year-on-year increase of 50.62%). In 2018, power batteries reached 65GWh, and the output increased by 46.07% year-on-year. It has become the largest segment of the field and is currently the largest growth engine in the lithium-ion battery field. In addition, from January to September 2019, the domestic production of new energy vehicles was about 888,000, an increase of 20.9% year-on-year; the installed capacity of power batteries was about 42.31GWh, an increase of 47% year-on-year, and with the continuous market penetration of lithium batteries in the field of energy storage Increase, it is estimated that by 2022, the output value of my country's lithium battery energy storage may increase to 13.7 billion yuan

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