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Mar 08, 2022

Analysis of market size and development trend of lithium battery industry in 2022

Lithium batteries have excellent product performance, especially high energy density, high cycle times, safety and environmental protection, etc., and driven by the rapid growth of electric vehicle production, my country's lithium battery industry continues to maintain a rapid growth trend, industry innovation has accelerated, and a new phenomenon has emerged. Approved such outstanding enterprises as CATL, BYD, Ganfeng Lithium, Manly Battery, Guoxuan Hi-Tech, AVIC Lithium. Under the impetus of these excellent enterprises, new products and new technologies of lithium batteries are also emerging, and various new battery technologies have come out one after another.

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      Future trends:


1. Major companies have begun to invest heavily in the layout: due to the requirements for high energy density, the batteries used in electric vehicles are basically lithium batteries. A series of policies are being introduced to gradually eliminate lead-acid batteries of electric bicycles with lithium batteries, so in terms of power batteries, its prospects are generally optimistic by the market. In the first half of 2022, lithium battery companies with a certain market scale have released 125 lithium battery industry chain investment projects with a total investment scale of more than 490 billion yuan. Leading domestic lithium battery companies have begun to invest and build factories overseas, and international capital has invested in and built factories overseas. Strengthen cooperation with domestic enterprises. According to the latest news, Hubei Chang'e New Energy Technology Co., Ltd. invested 160 million yuan in the second phase of Wuhan Software New City, Wuhan Optics Valley, for the Chang'e lithium battery project. In 2022, the Chang'e lithium battery production capacity will exceed 2GWH.


2. Accelerate the integrated development of the energy storage sector


In September 2020, at the general debate of the 75th United Nations General Assembly, China proposed for the first time the goal of achieving carbon peaking in 2030 and achieving carbon neutrality in 2060. The "dual carbon" goal is of great significance and will lead my country to take steps in a timely manner. Implement low-carbon transformation, promote synergy of pollution reduction and carbon reduction, make ecological environment improvement from quantitative change to qualitative change, and achieve high-quality development. The integrated and innovative energy and electronic industry chain has gradually accelerated the pace of development, and the integration of optical storage and off-peak energy storage has been accelerated.


3. Rapid update of product technology


The energy density of lithium iron phosphate batteries and ternary lithium batteries of leading companies reaches 180WH/KG and 250WH/KG respectively, and the cycle life of energy storage batteries generally achieves more than 3,000 times. It will be unveiled at the 2022 Beijing Winter Olympics and provide clean energy for them The energy density and cycle times of iron-chromium flow batteries have refreshed new heights of new energy batteries.


Future development prospects:


1. New energy vehicle lithium battery electric bicycle drives the development of lithium battery industry


In November 2020, the "New Energy Vehicle Development Plan (2021-2035)" was officially adopted. The "Planning" pointed out the development direction of new energy vehicles in the next 15 years, and supported the development of new energy vehicles in terms of technological innovation, institutional design, and infrastructure. According to the "Planning", it is estimated that by 2025, China's domestic new energy vehicle sales will reach 6.43 million, a compound increase of 36%.


As of the end of 2021, the number of electric bicycles in China is 300 million, most of which are lead-acid batteries with relatively backward technology. Although the price of a single lead-acid battery is cheap, the average daily use cost is much higher than that of lithium batteries, and the pollution The environment, volume and weight are more than 3 times that of lithium batteries. It is imperative for lithium batteries to replace lead-acid batteries. It will be eliminated in 5 years. On average, 60 million units need to be replaced every year. Calculated at 1KWH per lead-acid battery, 60GWH per year.


2. The energy crisis promotes the development of the lithium battery industry


my country has become the largest oil consumer. The normalization of the epidemic and the changes in the international situation, especially the Russian-Ukrainian war in 2022, will always face the test of energy stability. The power outage in some places in 2021 cannot be ruled out in 2022. Replacing oil with electricity and staggered power storage will greatly ease the energy shortage, and will also promote the development of the lithium battery industry.


3. Environmental policy requirements to promote the development of the lithium battery industry


With the rapid development of my country's economy and the popularization of automobiles, environmental pollution has become increasingly prominent. The exhaust gas emitted by traditional automobiles and the environmental pollution caused by traditional lead-acid batteries have directly intensified people's desire for new energy lithium batteries.

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Manly Battery Co.,Ltd specializes in providing energy storage power, UPS backup power, power supply and new energy system solutions and operation and maintenance services for new energy, electric wheels, smart energy storage and green power applications. Among them, the field of network energy mainly includes communications, power, data centers, financial securities, rail transit, etc.; the field of smart energy storage mainly includes household energy storage, industrial and commercial energy storage, and microgrid energy storage systems; the field of green power mainly includes forklifts, low-speed electric vehicles, off-road vehicles, etc. At present, the main products are lithium-ion batteries and systems, lead-acid battery replacement lithium batteries and systems, and new energy system integration products and services. Please contact: 

sales@manlybatteries.com 

info@manlybattery.com


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