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Due to the ambiguity in policy (which only requires domestic production of power lithium batteries, without specifying whether the modules or cells are domestically produced), a large number of battery cell products from Korean battery giants entered the new energy vehicle market in China in 2015. In 2015, SK Innovation, LG Chemical, and Samsung SDI, three Korean manufacturers, supplied 971600 kWh of battery cells to the Chinese market. Among them, SK Innovation's 445600 kWh battery cells were all imported to Beijing Electric Control Aisikai, while LG Chemical and Samsung SDI supplied some of their battery cells to domestic module manufacturers for use, especially 18650 cells. In addition, important Japanese manufacturers Panasonic and AESC also supply a small amount of battery cell products to domestic module manufacturers through import.

Table 1: Key Manufacturers' Customer Relationships in China's New Energy Vehicle Market in 2015

Data source: True Lithium Research. August 20th, 2016. Note: Only refers to the supply of battery cells.

In 2015, the manufacturing cost level of power lithium-ion batteries in China's new energy vehicle market was around 1200 yuan/kWh for battery cell products (BYD's lowest, around 1100 yuan/kWh), with battery pack costs mostly around 1800 yuan/kWh.

Application Status of Automotive Power Lithium Battery Products in China in 2015

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