There are 25000 lithium battery related enterprises in China, and 1558 are registered in the first three quarters of this year.

December 14 news, enterprise search data show that China has a total of 25000 existing enterprises with the key word "lithium battery". Among them, there are about 11000 in Guangdong, most of which are distributed in Shenzhen, Dongguan and Yangzhou. Over the past decade, the registration of lithium battery-related enterprises first increased and then decreased, with a total of 1558 registered in the first three quarters of this year, showing a continuing trend of decline.

Specifically, in terms of registration, lithium battery-related companies have grown year by year since 2011, reaching a peak of 4768 in 2019, an increase of 25 per cent over the same period last year. Since then, the number of lithium battery-related companies registered has declined, with 3585 registered in 2020, down 25 per cent from the same period last year.

Enterprise search and analysis said that in this year, the registration of lithium battery-related enterprises is still showing a decreasing trend. A total of 1558 lithium battery-related companies were registered in the first three quarters of 2021, down 43 per cent from the same period last year. A total of 222 lithium battery-related companies were registered in the third quarter of 2021, down 76 percent from the same period last year and 67 percent month-on-month.

In terms of registered capital, lithium battery-related enterprises with a concentration of 10-5 million yuan accounted for the highest proportion, totaling 38%. Those within 1 million yuan and 1000-30 million yuan accounted for 21% and 16%, respectively.

In terms of geographical distribution, there are nearly 11000 lithium battery-related enterprises in Guangdong Province, accounting for 43 per cent of the total number of enterprises. There are 3366 related enterprises in Jiangsu and more than 1, 000 in Anhui, Shandong, Henan and Zhejiang provinces.

From a urban point of view, there are 7913 lithium battery-related enterprises in Shenzhen, 2055 in Dongguan and 1279 in Yangzhou, ranking third. It is worth noting that Yangzhou is one of the well-known automobile and parts industry bases in China, and it is a national city for the promotion and application of new energy vehicles, with an eye-catching number of lithium battery-related enterprises. The number of related enterprises in Huizhou, Changzhou and Hefei ranks high.

According to the monthly data of power batteries released by the China Automotive Power Battery Industry Innovation Alliance in November 2021, the number of power batteries installed in China totaled 128.3 GWH from January to November, up 153.1% from the same period last year. Among them, the total loading of ternary batteries was 63.3 GWH, accounting for 49.3% of the total loading, an increase of 92.5% over the same period last year; and the total loading of lithium iron phosphate batteries was 64.8 GWH, accounting for 50.5% of the total loading, an increase of 270.3% over the same period last year.

From January to November, a total of 55 power battery enterprises were installed in China's new energy vehicle market, 13 fewer than the same period last year. The top 3, top 5 and top 10 power battery enterprises installed 94.8GWh, 106.7GWh and 118.1 GWH respectively, accounting for 73.9%, 83.2% and 92.0% of the total, respectively.

From January to November, the top 10 domestic power battery enterprises are: Ningde era, BYD, China New Airlines (AVIC Lithium), Guoxuan High Technology, LG New Energy, Honeycomb Energy, Yiwei Lithium Energy, Tafel New Energy, Funeng Technology, Xinwanda.

Guotai Junan Securities analysis said that power battery companies have a clearer expectation of product prices in 2022 through long orders and joint venture factories in 2021. At the same time, with the landing of price increases and the economies of scale brought about by increased shipments, the profitability of power battery enterprises is expected to improve significantly in 2022.