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Important listed companies in the power lithium battery industry: Currently, the major listed companies in the domestic power lithium battery industry include CATL (300750), BYD (002594), Funeng Technology (688567), Yiwei Lithium Energy (300014), Guoxuan High Tech (002074), Aoyang Shunchang (002245), Penghui Energy (300438), and Xinwangda (300207).

Core data of this article: sales volume of new energy vehicles in China, production and sales volume of power lithium batteries, monthly loading volume of power lithium batteries, and price of lithium carbonate

1. The sales of new energy vehicles have increased significantly, driving up the demand for power lithium batteries

In recent years, China's automotive lithium battery industry has grown from scratch, from small to large, and developed rapidly, with production capacity second only to Japan. With the key support of national science and technology projects, significant progress has been made in the research of key technologies, materials, and products for power lithium batteries in China.

From the demand side, in recent years, the overall sales of new energy vehicles in China have shown an upward trend. In 2020, under the influence of the COVID-19, the sales of new energy vehicles still increased by 10.9%. Since 2021, the sales of new energy vehicles have grown rapidly. From January to April 2021, the sales of new energy vehicles in China reached 732000 units, a year-on-year increase of 257.1%.

The new energy vehicle industry is actively improving, and the demand for power lithium batteries is also constantly expanding. According to the statistical data of China's Automotive Power Lithium Battery Industry Innovation Alliance, in 2020, the production and sales of power lithium batteries in China reached 83.4 GWh and 65.9 GWh, respectively. Among them, the installed capacity of power lithium batteries reached a new high, reaching 63.6GWh, a year-on-year increase of 2.3%.

The increasing demand for power lithium batteries in China's new energy vehicle market has led to a surge in orders from power lithium battery companies. In May 2021, the total installed capacity of power lithium batteries in China was 9.8GWh, an increase of 178.2% year-on-year.

2. Tight supply leading to an increase in raw material prices

At the same time as the demand has increased significantly, the supply of raw materials for power lithium batteries is tight. Due to the concentration of global lithium, cobalt, and nickel resources overseas, they are monopolized by leading mining groups. In 2020, some mines experienced shutdowns, bankruptcies, and mergers. Currently, there are still unstable factors on the supply side, with the possibility of production contraction or a tendency to conservatively integrate resources, resulting in a shortage of raw material imports and tight supply.

The recent increase in the price of power lithium battery raw materials can reflect the current tight supply of power lithium battery raw materials. The important raw materials for lithium batteries include positive and negative electrode materials, electrolytes, separators, and current collectors. Among them, positive electrode materials and electrolytes are key raw materials for lithium batteries, including lithium carbonate, lithium hydroxide, lithium hexafluorophosphate, etc. Since 2020, the factory price of battery grade lithium carbonate has increased from a minimum of 42000 yuan/ton to 95000 yuan/ton.

3. Power lithium batteries face a shortage of supply

In summary, due to the rapid increase in demand for power lithium-ion batteries for new energy vehicles on the demand side and the supply side experiencing supply shortages, the supply of power lithium-ion batteries is in short supply.

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