The "White Paper on the Development of China's Cylindrical Lithium-ion Battery Industry (2022)" released by EVTank shows that thanks to Tesla's demand, Japan's Panasonic and South Korea's LGE's market shares rank first and second in the world respectively, especially South Korea's LGE It surpassed South Korea's Samsung SDI for the first time with a year-on-year growth rate of more than 60%. Chinese company EVE ranks fourth in the world after Samsung SDI, but its market share is only a fraction of Samsung SDI.
Cylindrical lithium battery, LGE, Samsung SDI
Recently, research institutions EVTank, Ivey Economic Research Institute and China Battery Industry Research Institute jointly released the "White Paper on the Development of China's Cylindrical Li-ion Battery Industry (2022)". White paper data shows that in 2021, global cylindrical lithium-ion battery shipments will reach 12.17 billion, a year-on-year increase of 21.0%. EVTank analyzed in the white paper that in 2021, global cylindrical lithium-ion battery shipments will grow rapidly in segmented application areas including new energy vehicles, energy storage and power tools, etc., while cylindrical lithium-ion batteries for electric two-wheelers are due to sharing The demand for electric vehicles has been greatly reduced and some cylindrical batteries have been replaced by square and soft packs, and their shipments will experience a significant year-on-year decline in 2021.
Cylindrical lithium battery, LGE, Samsung SDI
According to the white paper, thanks to Tesla’s demand, Japan’s Panasonic and South Korea’s LGE ranked first and second in the world’s market share respectively, especially South Korea’s LGE surpassed South Korea’s Samsung SDI for the first time with a year-on-year growth rate of more than 60%. The Chinese company EVE ranks fourth in the world after Samsung SDI, but its market share is only a fraction of Samsung SDI. Although the year-on-year growth rate is faster, there is still a big gap.
Cylindrical lithium battery, LGE, Samsung SDI
Wu Hui, general manager of the research department of Ivey Economic Research Institute and president of China Battery Industry Research Institute, said that cylindrical batteries are highly competitive in lithium-ion battery products due to their highly standardized products and highly automated production lines. From the perspective of product models, from 18650 to 21700 to 4680, which will be mass-produced in 2022, cylindrical batteries are gradually developing towards larger sizes. In particular, the large cylinder represented by the 4680 is expected to occupy a high proportion of the future cylindrical battery shipments driven by Tesla. In addition, Chinese cylindrical battery companies such as Yiwei Lithium Energy and Ningde Times have achieved batch supply in multiple application scenarios in terms of 35-sized large cylinders, and more sizes such as 26650, 32125, 66160, etc. Specifications of cylindrical dimensions are mass-produced in Chinese enterprises. However, Wu Hui said that the future cylindrical battery products will still be dominated by conventional 18650, 21700 and 4680 models, and the proportion of large cylindrical products represented by 4680 will continue to increase. At the same time, Wu Hui said that some application fields of cylindrical batteries are also being replaced by square and soft packs. For example, the soft pack batteries developed by Xinnengan are entering the fields of electric two-wheelers, power tools and vacuum cleaners on a large scale.
