The lithium industry market will usher in a blowout period in the next 5 years

On January 17, the Hundreds Meeting 2021 Cloud Forum hosted by the China Electric Vehicle Hundreds Association was held in Beijing with the theme of "New Development Pattern and Auto Industry Reform". At the meeting, Zeng Yuqun, the founder and chairman of CATL, said that industry demand will continue to grow rapidly in 2021, but the entire industry chain is facing the problem of insufficient effective supply. The clean energy and electrification of transportation in the future are important foundations for achieving carbon emission targets. Zeng Yuqun pointed out that in the next 5 years, the lithium industry market will usher in a blowout period and quickly enter the TWh era. High-efficiency, high-quality delivery is important core competitiveness. We compete with the top players around the world, and upstream and downstream must go all out to meet challenges together. Lithium-ion batteries have been widely used in private cars, buses, and logistics vehicles, and are realizing the replacement of mobile fossil energy. On this basis, it is combined with intelligence and gradually extended to specific fields such as mines, ports, ships, etc., to realize the replacement of fossil energy in specific scenarios. From the perspective of power generation, the cost of photovoltaic and wind power continues to decline, and it is about to enter the stage of parity and finally low-price grid. The development of a high proportion of renewable energy also provides broad prospects for lithium-ion battery energy storage applications.