-(3)China Takes the Lead in Charge of Batteries:

(3)China Takes the Lead in Charge of Batteries: "Foreign Monks" Compete for Water
author:enerbyte source:本站 click372 Release date: 2023-09-15 16:57:41
abstract:
The Financial Times reported that China's supply of electric vehicles is expected to be one of the important driving factors for global lithium demand. Goldman Sachs predicts that by 2030, China will account for 60% of the global supply of electric vehicles, up from 45% in 2016....

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The Financial Times reported that China's supply of electric vehicles is expected to be one of the important driving factors for global lithium demand. Goldman Sachs predicts that by 2030, China will account for 60% of the global supply of electric vehicles, up from 45% in 2016.

How could Chinese companies give in to such a huge market. Prior to the announcement of the national new energy plan, many companies had already emerged or made great strides in the field of power lithium-ion batteries.

The one that quickly enhances the sense of presence is CATL New Energy Technology (referred to as CATL, CATL). The Nihon Keizai Shimbun described the company as a new star of electric vehicle batteries in China. CATL has continuously achieved success in fields such as commercial vehicle batteries. Recently, CATL signed a battery supply contract with German automotive giant Daimler.

CATL has become a battery supplier to multiple multinational car giants, especially in their global supply chain system, which is of great significance, marking the beginning of global competition between Chinese battery companies and Japanese and Korean battery companies.

BYD, another industry leader, cannot be underestimated. BYD is one of the earliest car companies to conduct research and development on lithium iron phosphate power batteries. It not only provides lithium iron phosphate batteries for its own new energy passenger vehicles and buses, but also supplies batteries to other bus companies. In 2017, BYD embraced ternary lithium (also known as ternary polymer lithium batteries, which refer to lithium batteries with lithium nickel cobalt manganese ternary positive electrode materials) in its passenger car business.

According to reports, BYD plans to separate its power lithium battery business and operate it independently, supplying it to other new energy vehicle companies. With this move, BYD's potential customers for lithium-ion batteries in the passenger car market will be several times higher than before. According to Shen Xi, Vice General Manager of BYD's Lithium Battery Business Unit, the power lithium battery business will be split and completed by the end of 2018 or early 2019, and is expected to go public within five years.

In addition, manufacturers such as Geely, BAIC New Energy, and SAIC have respectively invested in lithium battery projects for automotive power in recent years.

According to reports, domestic power lithium-ion battery companies such as Watmar and Guoxuan High Tech are all striving to gain more market share.

In 2017, companies such as BYC, Funeng, and Zhihang demonstrated exceptional growth potential. Analysts believe that the increase is due to their focus on the production of ternary lithium power lithium batteries.

RWR consulting company stated that Chinese companies have engaged in over $1 billion in lithium ore transactions, mainly for automotive companies and automotive supply companies. In 2016, this figure was zero, and in 2015 it was $178 million.

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