Global Lithium Battery Market Competition Intensified

Global Lithium Battery Market Competition Intensified

Date:Oct 02, 2020

Global Lithium Battery Market Competition  “Intensified”

Since the beginning of this year, although the COVID-19 has brought about a certain impact on the global sales of electric vehicles, and generally sales performance has been mediocre, the lithium battery market that provides power for them has not been calm, and the competition on the supply side has become increasingly fierce. Industry organizations predict that under the anticipation of the rapid increase in the number of electric vehicles in Asia and Europe, the global lithium battery supply pattern may usher in more "players", and at the same time, China's leading position in the global battery supply field will not shake

China continues to dominate the supply of lithium batteries

According to the latest "Global Lithium Battery Supply Chain Ranking" released by Bloomberg New Energy Finance (BNEF), China quickly surpassed Japan and South Korea, which have been leading the world in the past 10 years, and became the largest source of supply for the global lithium battery market. BNEF predicts that China will maintain a dominant position in the global lithium battery supply field by 2025.

According to data released by the China Automotive Power Battery Industry Innovation Alliance a few days ago, in August this year, China's power-type lithium battery installed capacity was 5.1 GWh, a year-on-year increase of 48.3% and a month-on-month increase of 2.2%.

BNEF pointed out that the success of China’s battery industry is driven by domestic battery demand on the one hand; on the other hand, China has 80% of the world’s battery metal refining capacity, 77% of battery cell capacity and 60% of key raw material capacity. Japan and South Korea are inferior to China in terms of battery metal refining and mining.

"Raw materials, talents and infrastructure are the key to attracting investment into the industrial chain. In addition to mineral development. China is also a world leader in metal refining, so it has an advantage over Japan and South Korea in the battery field. "BNEF battery raw materials chief analyst Kwasi Ampofo (Kwasi Ampofo) said.

Original Title: Global Lithium Battery Market Competition "Intensified" .

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