The latest report claims that the new energy vehicle industry continues to promote the growth of lithium-ion batteries

A market report released by Roskill shows that the demand for lithium-ion batteries continues to grow rapidly, driven by the production growth of hybrid and electric vehicles (xEV) and the use of lithium-ion batteries in energy storage systems (ESS). The transition from a market dominated by portable electronic products to a market dominated by xEV and ESS has imposed higher requirements on battery capacity, life and reliability. These changing battery requirements have promoted the production and use of high nickel cathode chemistries such as NCA, NCM532 and NCM622. In its report 'Lithium-ion Battery Market Development u0026 Raw Materials 2018Influence. According to the forecast of strong demand growth for lithium-ion batteries, the power battery production line requires the production of many individual components to manufacture lithium-ion batteries. These include cathodes, anodes, separators, electrolyte salts and solutions, copper and aluminum foils, adhesives, and battery cases, all of which require extensive materials and industrial expertise. The supply chain and production process of these materials are complex and lengthy, involving multiple stages, and more than 150 established companies produce the 9 key components required for the final battery product. The focus of the lithium-ion battery supply chain has always been on the Asian market. More than 87% of lithium-ion battery manufacturers are located in Asia, although some manufacturers plan to build new production facilities in Europe and the United States. These expansions will eventually adapt to changing needs, especially from the automotive industry. However, although many market analyses only consider plug-in electric vehicles, other types of electric vehicles, such as low-speed electric vehicles (LSEV) and hybrid electric vehicles (48V), must also be taken into consideration in order to obtain better demand prospects. Regulatory changes in all regions have accelerated the development and application of xEV, including emission standards, subsidies and incentives; and policies that may ban the sale of internal combustion engine vehicles, which will affect the investment of automakers, future models and consumer choices. The current trend is considered irreversible because OEMs and component manufacturers have invested heavily in xEV production infrastructure and Ru0026D capabilities. The transportation and energy sectors need to become cleaner, and lithium-ion batteries are currently the most suitable tool to achieve this goal. In 20-18, China is still the largest market for xEV, with sales exceeding 1 million units for the first time. China has supported the production and sales of xEV in its domestic market through a series of subsidies and incentives, generating cash or non-cash benefits. These subsidy policies will be changed in 2019, and vehicles with a cruising range of less than 200 kilometers will be affected. As manufacturers now want to target cars with longer mileage and still eligible for subsidies, the requirements for lithium-ion batteries and the demand for raw materials used in the manufacturing process have been changing. In 20-18, China is still the largest market for xEV, with sales exceeding 1 million units for the first time. The demand for raw materials for lithium-ion batteries is expected to increase exponentially due to changes in sales volume and battery component demand. It is estimated that by 2028, the demand for lithium in lithium-ion batteries will grow at a rate of 26% per year, from 1.367 million tons of lithium carbonate equivalent (LCE) to more than 1.4 million tons. The demand for nickel and cobalt will also increase substantially, although their raw material supply may be affected. In addition to raw materials, the original graphite, copper and other minerals and other relatively abundant materials will also face challenges, especially in terms of their ability to transform them into battery-grade materials.