The growth of the power battery market slows down, and good news hits Lithium - Ion Battery Equipment

The growth of the power battery market slows down, and good news hits

The power battery is a key component of electric vehicles, and it is also an important factor affecting the performance and user experience of electric vehicles. At the same time, the cost structure of electric vehicles is different from that of traditional vehicles, and power batteries account for nearly half of the total vehicle cost, which shows the significance of power batteries in the cost control of electric vehicles.

At present, more than 90% of the batteries used in global electric vehicles are produced by China, Japan, and South Korea, and Chinese brands account for more than 60%. From this, it can be seen that China has a special position in the field of power batteries in the world. . From the perspective of the industrial chain, the United States and Japan have advantages in the research and development of power battery technology, South Korea is better in engineering applications, and China is at the forefront in terms of industrial scale.

After years of accumulation, the shipments and installed capacity of the power battery market have stabilized in recent years, with a steady growth attitude. However, in China's power battery market, due to previous policy adjustments, the market growth will slow down in 2019. The market size predicted by research institutions is 71 billion yuan, which is inevitable.(Lithium - Ion Battery Equipment)

However, in 2019, the related businesses of the domestic power battery giant CATL maintained a rapid expansion, with a production capacity of 40.25 GWh, a year-on-year increase of 90.04%. According to SNE Research statistics, CATL is still the top 1 in global power battery shipments, followed by Panasonic and LG Chem.

In 2020, due to the impact of this special crisis, the sales of domestic traditional cars and electric cars are not ideal, which has also seriously affected the power battery industry. Recently, the Power Battery Application Branch released the installed capacity of Chinese power battery companies in the first quarter of 2020. The installed capacity of power batteries for new energy vehicles in my country decreased by about 53.84% year-on-year, to about 5.68GWh.

Not only my country is affected, but also foreign countries. The profitability of many foreign battery companies is not optimistic. According to LG Chem's first-quarter financial report data, although the company's sales were about 7.12 trillion won (100 million won is about 580,000 yuan), up 7.5% year-on-year, its operating profit was about 236.5 billion won, down year-on-year. 15.9%.

The good news is that as China, South Korea and other countries gradually control the crisis and make positive progress in prevention and control, the impact on the power battery industry is also fading, and there are signs of gradual recovery. Therefore, for power battery companies, in order to ensure the growth of the market this year, they must adjust their market strategies and goals in a timely manner, and focus on countries that recover faster.

In addition to the special crisis, the domestic power battery market is also facing two other challenges, namely safety issues and technical issues. These two problems are very critical for power batteries, but the relationship between the two is very close. It is not so easy to completely solve the hidden dangers, and it requires a lot of time and cost.

In the face of multiple crises, power battery companies can only find a new way of development. For example, BYD, another giant in the domestic power battery field, chose to launch a "blade battery" to deal with market difficulties with technological innovation. In addition, Guoxuan Hi-Tech chose to tie the OEMs closely and came together with Volkswagen.

Recently, according to media sources, Germany's Volkswagen Group plans to invest 740 million US dollars to acquire a 30% stake in Guoxuan Hi-Tech, China's third largest power battery company. Once this transaction can be reached, it means that it will be the first time that a multinational car company has successfully acquired a Chinese power battery company, which is expected to have a new impact on the entire new energy vehicle and power battery market.



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