Home / Metal News / Copper / [Pb Battery]High-end Lithium Batteries to Gradually Hurt Demand for Lead-acid Batteries
[Pb Battery]High-end Lithium Batteries to Gradually Hurt Demand for Lead-acid Batteries
Jul 22,2015 11:34CST
industry news
Source:SMM
Demand for motive batteries grows with the rising number of new energy automobile. Motive lithium batteries gradually hurt demand for mainstream motive lead-acid batteries.

SHANGHAI, Jul. 22 (SMM) – Demand for motive batteries grows with the rising number of new energy automobile. Motive lithium batteries also gradually hurt demand for mainstream motive lead-acid batteries, evtimes.cn reported.

Motive lithium batteries are expected to account for 38% market in 2015 with capacity as high as 5 billion Ah per year. In the following 10 years, China’s lithium industrial scale is likely to exceed 160 billion yuan ($ 26.1 billion).

Industrial insiders expect China’s new energy automobile sales to be 0.15-0.2 million in 2015. In Q1 2015, output of lithium batteries totaled 1.04 billion in China, only up 3.1% QoQ, meaning that lithium battery production is far from to meet the need of new energy automobile development. Consequently, demand for high-end motive lithium batteries remains strong.  

In 2014, global motive lithium batteries contributed 10012.8MWH to market, rising 109.39% from 2013.

As of May 2015, sales of global electric car were more than 0.75 million. 78,500 new energy automobiles were produced during January-June 2015 in China, compared with 25,000 in June, up three times YoY.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

 

lithium battery
lead-acid battery
Pb Battery

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news