Analysis Of The Lithium Battery And New Energy Vehicle Industry:the Top 10 Battery Companies,China Accounted For 5

- Jun 06, 2020-

Against the background of vigorous development of new energy vehicles, a total of 2.2 million electric vehicles were sold worldwide in 2019, a year-on-year increase of 14.5%, accounting for 2.5% of total vehicle sales. At the same time, in terms of sales of new energy vehicles, BYD was second in the rankings by Tesla. In 2019, Tesla sold a total of 367,820 electric vehicles, ranking first in the world, accounting for 16.6% of the global total.

China is the world's largest producer and seller of new energy vehicles. In 2019, China reduced subsidies for new energy vehicles, the sales volume of new energy vehicles was 1.206 million, down 4% year on year and accounting for 4.68% of the global total. About 972,000 electric cars and 232,000 plug-in hybrids are among them.

The vigorous development of global new energy vehicles has promoted the development of the lithium-ion battery industry. The shipments of lithium-ion batteries have increased by 16.6% over the previous year, and will reach 116.6GWh in 2019.

Among the top ten battery companies in terms of shipment volume, 5 Chinese companies including CATL, BYD, AESC (acquired by Vision), Guoxuan Hi-Tech and Lishen Battery ranked in the top ten. CATL has become the global champion of power battery shipments for three consecutive years. Its shipments reached 32.5GWh in 2019, a year-on-year increase of 30.5%, accounting for 27.9% of global shipments.

In 2019, China installed a total of 62.28GWh of lithium batteries, a year-on-year increase of 9.3%. Assuming that the output of new energy vehicles is 5.9 million in 2025, the demand for power batteries will reach 330.6GWh, and the compound annual growth rate will increase by 32.1% from 62.28GWh in 2019.

In China, power batteries are dominated by ternary batteries. In 2019, the installed capacity of ternary batteries provided by 64 companies in the Chinese new energy vehicle market increased by 22.4% year-on-year to 40.92GWh, accounting for 65.7% of the total installed capacity (an increase of nearly 7 percentage points from 2018). The installed capacity of lithium iron phosphate batteries provided by 38 companies decreased by 6.4% to 20.26GWh, accounting for 32.5% of the total installed capacity (a decrease of approximately 6 percentage points from 2018). The installed capacity of other types of power batteries is 1.11GWh, accounting for 1.8% of the total.