In 2019, the demand for lithium batteries for light vehicles will reach 4515MWh


Lithium-electric light vehicles are divided into types, mainly electric bicycles, electric motorcycles, mopeds, and E-bike. Except for electric bicycles, electric motorcycles, and mopeds in South Asia and China, the European market and the North American market As well as the Japanese and Korean markets, E-bike mopeds are the main lithium-electric light vehicles.

In addition, lithium-electric scooters are beginning to prevail in the European market.

 

Data from the Lithium Institute of High Industry, Production and Research (GGII) show that,In 2018, China's shipments of lithium batteries for light vehicles reached 2835MWh, up 57.4 percent year-on-year.

 

It is estimated that lithium battery shipments will reach 4515MWh by 2019, 2.5 times that of 2017, and the growth rate will increase from 2018 to 2019.

 

On the one hand, it is because of the growth of lithium battery demand for electric bicycles in the field of light vehicles driven by policies and shared bicycles.

On the other hand, due to the severe situation of electric vehicle power batteries in 2018, some power battery enterprises will use part of their production capacity for the production of lithium batteries for bicycles, such as Xingheng, Tianxeng, Zhuoneng, Yiwei Lithium Energy, etc.

China's light-duty lithium battery companies have changed greatly. In 2018, the market concentration of the top two has increased significantly, and the total sales market share of the top two is 52.1.

The traditional lead-acid electric light-duty vehicle battery giant Tianneng relies on inherent advantages such as customer channels and after-sales service networks to actively seize market share and achieve good results, with a significant increase in share. It is the fastest growing enterprise for electric bicycle lithium batteries in the past two years.

Suzhou Xingheng relies on the two-way development of domestic sales and exports, and 2018 sales have increased significantly, up more than 100 percent year-on-year. By 2019, under the premise of favorable domestic market, from the previous focus on the export market, the transformation to export, domestic sales two hands.

Tiancheng, on the other hand, is dominated by the domestic market and basically does not export.

From the perspective of the industry development cycle, in the current electric light vehicle market, the peak era of lead-acid battery light vehicles has passed. Now the market has entered a period of recession, and sales have begun to gradually decline, while lithium battery light vehicles are now in a period of rapid growth. Demand is increasing year by year.

 

From the point of view of lithium battery demand, with the continuous improvement of lithium battery technology, the cost is decreasing year by year. At present, the demand for lithium battery modules used in electric light vehicles is gradually increasing. Starting in 2019, lithium batteries for light vehicles in China will continue to grow rapidly. The main driving forces for growth are:

 

1) With the setting and implementation of the new national standard in the field of electric light vehicles, the overall high-speed growth will be most likely to be achieved in the short term.

 

Generally speaking, energy conservation and environmental protection are also the development direction of electric light vehicles. It is a general trend for lithium battery electric light vehicles to replace the current lead-acid battery electric light vehicles. The future mining of lithium battery market opportunities for light vehicles depends on the development speed of electric light vehicles and the release of market capacity.

 

Compared with traditional lead-acid batteries, lithium batteries have three advantages:

 

One is lightweight; the second is environmental protection. In contrast, the production process of lithium batteries is more environmentally friendly and energy-saving than lead-acid batteries. Third, the overall performance of lithium batteries, such as cruising range and service life, is much higher than that of lead-acid batteries.

 

At present, the main factor restricting the development of lithium batteries in the field of electric light vehicles is the price. The price of lithium batteries is about twice that of lead-acid batteries. In the future, as the price and cost of lithium batteries continue to decline, they will gradually approach lead-acid batteries. Lead acid will accelerate.

 

3) Increased demand in overseas markets,The overall economic strength of Southeast Asian countries is weak, the per capita consumption capacity is poor, can not be widely popularized in the car, electric motorcycles are its main mode of travel, in 2018 the Indian market sales of about 24 million two-wheelers, its lithium light vehicle penetration rate of less than 1%, lithium light vehicles have great potential for development.

 

The light-duty vehicle battery market is a trillion-level market. Under the attraction of huge application prospects, the number of layouts is gradually increasing. When many companies and investors enter the field of light-duty vehicle lithium batteries, they do not understand the actual situation of the current industry., Lack of industry-related data.

 

In order to provide more detailed and accurate decision-making and investment basis for the industry and investment community, the (GGII) Institute of Lithium Battery Research of High Industry and Research Institute has formed a large number of field investigations on major light vehicle lithium batteries and their upstream and downstream enterprises in the country, combined with face-to-face interviews with industry leaders and collected a large number of first-hand information.2019 China Light Vehicle Lithium Battery Industry Research and Analysis Report (First Edition).

 

This report provides a detailed study and analysis of the characteristics, policy environment, market size, competitive landscape, application areas, and technology trends of China's light-duty vehicle lithium battery industry in 2018.

 

The Institute of Lithium Electricity (GGII) hopes to provide accurate and valuable reports for corporate decision makers, investment institutions and people who want to understand China's lithium battery industry through actual investigation and research.

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