咨询热线：0746-2791988Lithium batteries in China are developing rapidly and becomi
The Financial Times reports that China's new energy policy has attracted worldwide attention in recent years. In the fiercely competitive lithium battery market, China is becoming the dominant country.
Recently, the Chinese government called on domestic battery companies to double the capacity of electric vehicle batteries by 2020 and encourage them to invest overseas to build factories, the report said. As automobile manufacturers increase their investment in electric vehicles, lithium-ion batteries will be a key technology in the next 10 years at least, thus creating a huge market.
Goldman Sachs estimates that by 2025 the market will be worth $40 billion and dominated by China.
According to data from Goldman Sachs, China overtook South Korea as the world's largest supplier of lithium batteries for electronic devices in 2013. A year later, as China's electric vehicle market began to take off, this leading edge was further expanded. In 2016, China sold 507,000 pure electric and plug-in hybrid vehicles, an increase of 50% over the previous year.
Duncan Goodwin, head of global resource stocks at Baling, a fund management company, commented on the rapid development of lithium batteries in China: "The Japanese invented it, the Koreans sought to expand production scale, and the Chinese eventually took the lead because the market was ultimately in China."
And the reason why China's lithium batteries have come to the top is mainly due to the price factor.
According to the analysis of the report, for foreign battery manufacturers, they are more worried than not getting subsidies or encountering obstacles. It is the biggest advantage of Chinese battery manufacturers compared with their competitors such as Tesla: access to raw materials. Over the past year, Chinese companies have been buying cobalt, lithium and other mining assets to reduce costs in the lithium supply chain.
Recently, the Chinese government called on domestic battery companies to double the capacity of electric vehicle batteries by 2020 and encourage them to invest overseas to build factories, the report said. As automobile manufacturers increase their investment in electric vehicles, lithium-ion batteries will be a key technology in the next 10 years at least, thus creating a huge market.
Goldman Sachs estimates that by 2025 the market will be worth $40 billion and dominated by China.
According to data from Goldman Sachs, China overtook South Korea as the world's largest supplier of lithium batteries for electronic devices in 2013. A year later, as China's electric vehicle market began to take off, this leading edge was further expanded. In 2016, China sold 507,000 pure electric and plug-in hybrid vehicles, an increase of 50% over the previous year.
Duncan Goodwin, head of global resource stocks at Baling, a fund management company, commented on the rapid development of lithium batteries in China: "The Japanese invented it, the Koreans sought to expand production scale, and the Chinese eventually took the lead because the market was ultimately in China."
And the reason why China's lithium batteries have come to the top is mainly due to the price factor.
According to the analysis of the report, for foreign battery manufacturers, they are more worried than not getting subsidies or encountering obstacles. It is the biggest advantage of Chinese battery manufacturers compared with their competitors such as Tesla: access to raw materials. Over the past year, Chinese companies have been buying cobalt, lithium and other mining assets to reduce costs in the lithium supply chain.
