Research report of the lithium battery industry in 2022

Research report of the lithium battery industry in 2022

With the strong demand for new energy vehicles, electric bicycles, consumer electronics and other applications, the growth rate of Chinese lithium battery industry has gradually recovered. So what is the market status of the lithium battery industry in 2022?

Since 2020, my country's new energy vehicles, electric bicycles, consumer electronics and other application markets have achieved rapid growth. Among them, new energy vehicles have regained a strong growth momentum. From January to November 2021, the sales volume will increase by 1.7 times year-on-year, driving the output of LiFePO4 batteries to increase. According to the data collected by the China Report Hall, the national lithium-ion battery production exceeded 110GWh in the first half of 2021, a year-on-year increase of more than 60%. At the same time, with the narrowing of the price drop, the scale of the lithium-ion battery industry has further expanded. The total output value of the industry in the first half of 2021 exceeded 240 billion yuan, with a rapid growth rate.

Taking Ganfeng Lithium as an example, the company expects that the net profit attributable to shareholders of listed companies in 2021 will be 4.80 billion yuan – 5.5 billion yuan, an increase of 368.45% – 436.76% over the same period of the previous year. In 2021, with the rapid development of new energy vehicles and energy storage industries, the demand for lithium salts from downstream customers will grow strongly, the production and sales of lithium salt products of the company will increase, and product prices will continue to rise. Gradually released, so the company's operating net profit increased year-on-year;

From the perspective of the development policy environment, the new version of the lithium LiSOCL2 battery industry standard conditions has been introduced to guide the technological progress and standardized development of the industry. Lithium-ion batteries are widely used in new energy vehicles, consumer electronics, energy storage power stations and other fields due to their advantages of high energy, long life, high cost performance and less pollution.

And in recent years, the State Council, the Ministry of Industry and Information Technology, and the National Development and Reform Commission have successively issued policy documents such as technical guidelines and development action plans to promote the innovation and development of ultra thin battery and their downstream applications. In December 2021, the Ministry of Industry and Information Technology officially released the "Lithium-ion Battery Industry Specification Conditions (2021 Edition)", which sets requirements for the energy density of different types of lithium-ion batteries, and further guides the technological progress and standardized development of the lithium-ion battery industry.

 With the intensive issuance of relevant policy documents on "carbon peaking" and "carbon neutrality" in 2021, my country will accelerate the green transformation of the economy and society. Affected by this, the new energy vehicle, photovoltaic industry and other subdivisions have a large room for growth, which is expected to drive the continuous and rapid growth of the lithium-ion battery subdivision. In terms of power lithium-ion batteries, according to the data of the China Report Hall, the sales volume of electric vehicles in my country is expected to exceed 4 million in 2025, with a penetration rate of 16.5%. The penetration rate of lithium-ion batteries in the electric bicycle market continues to increase, approaching 30% in 2020.

 In addition, with the gradual development of emerging application fields such as electric ships and electric aircraft, the demand for power lithium-ion batteries will continue to strengthen. In terms of energy storage lithium-ion batteries, the transformation trend of "photovoltaic power generation, battery energy storage, and terminal applications" in the energy industry has greatly increased its scale. In the first half of 2021, my country's energy storage lithium-ion battery production reached 15GWh, a year-on-year increase of 260%. It is expected to continue the high growth trend in the future and is expected to increase to 114.7GWh in 2025.

Well, the above is the company's research and judgment on the market situation of the lithium battery industry in 2022.