SMM June lithium data analysis: June installed capacity increased by 33.9% month-on-month, lithium ferric phosphate increased to 9% in passenger cars.

SMM, July 9: according to the SMM new energy database, the production of new energy vehicles in June was 91000, an increase of 21.4 percent over the previous month, including 79000 new energy passenger vehicles, accounting for 86.2 percent, 4600 new energy buses, accounting for 5 percent, and 8000 new energy special vehicles, accounting for 8.8 percent. The installed capacity of power batteries was 4.7 GWH, a decrease of 28.9% over the same period last year and an increase of 33.9% compared with the same period last year.

In June last year, new energy passenger vehicles were in a transitional period and continued to take momentum, and sales of new energy vehicles maintained a rapid growth rate. In June this year, the growth rate of new energy vehicle production expanded month-on-month in June, and the year-on-year decline continued to narrow.

In terms of enterprise output, Tesla still ranks first in electric car production this month, but it is down 9.5% from May. BYD produced 8676 new energy vehicles in June, up 13.1 per cent from a month earlier and down 59 per cent from a year earlier. In addition, the output of SAIC GM Wuling, SAIC, Changan Automobile, Great Wall Automobile and the new car-building forces Lai, Xiaopeng and Weima all increased month-on-month. While the joint venture car companies FAW-Volkswagen, SAIC-Volkswagen, brilliance BMW production dropped slightly month-on-month.

Source: SMM

In terms of the type of power battery, the installed capacity of ternary battery is 3GWH, accounting for 63.8%, and that of lithium iron phosphate battery is 1.7GWH, accounting for 35.5%. In terms of installed models, the installed capacity of new energy passenger vehicles is 3.2 GWH, of which the installed capacity of pure electric passenger cars is 2.9 GWH, which is mainly equipped with ternary NCM batteries, and the proportion of iron-lithium matching passenger cars increased from 4% to 9% in June; the installed capacity of new energy passenger cars is 1GWH, which is mainly equipped with lithium iron phosphate batteries; and the installed capacity of new energy special vehicles is 0.5GWH, which is also mainly equipped with lithium iron phosphate batteries. In June, the installed capacity of iron and lithium increased significantly compared with the previous month. In addition to the increase in the output of new energy commercial vehicles, the proportion of matching passenger vehicles also increased. The main increments are SAIC GM Wuling, Dongfeng Xiaokang and brilliance Xinyuan Motor. BYD "Han" did not start production in June.

Source: SMM

From the point of view of the models installed by the battery enterprises, the companies with the largest number of installed vehicles are Ningde era, LG Chemical, BYD, AVIC Lithium and Guoxuan Hi-Tech. LG Chemical remained second this month, mainly supporting Tesla cars and SAIC GM. SAIC GM installed more vehicles in June. In addition, AVIC Lithium Power also remained the fourth, with Guangzhou Auto passenger cars, Changan Automobile and Jinkang Automobile as the main supporting companies. In the ranking of power battery installation in June, Ningde era is still far ahead in market share, about 49.2%. At the same time, it is also the battery company with the largest number of vehicles, mainly carrying car companies such as Weilai, Yutong bus, Dongfeng Automobile, Shenwo bus and Great Wall Motor and so on. The installed capacity of BYD has increased this month, and its market share has remained basically unchanged. In addition, the installed capacity of Guoxuan Hi-Tech and Yiwei Lithium Energy increased significantly in June, the installed capacity of Guoxuan Hi-Tech increased in special vehicles and Xiaopeng cars, and the installed capacity of Yiwei Lithium Energy increased in SAIC GM Wuling, Changan Automobile and Fengsheng Automobile. In June, the market concentration rate of power battery installed capacity was relatively high, with CR10 of 93.2% and CR5 of 82.9% and CR3 of 72.8%.

SMM believes that from the production of new energy vehicles in June, the recovery rate of new energy market is slightly faster, passenger vehicles are growing steadily every month, and the increase of new energy commercial vehicles in June is obvious. Judging from the performance of car companies, the new forces of car-building in June and some domestic car companies have performed well and have been in a state of gradual growth this year. Although Tesla's production fell slightly, its sales rose sharply in June and is expected to maintain a steady growth trend in the second half of the year.

In the first half of 2020, the new energy market recovered slowly, the production of new energy vehicles fell 42.2% year on year, and the installed capacity of power batteries decreased by 41.7% compared with the same period last year. However, in the second half of the year, many car companies released new models, such as BYD's Han, Great Wall Euler R2, Lulai EC6, brilliance BMW iX3, and so on, which are expected to lead to a substantial increase in domestic consumer market demand. In addition, with the support of local subsidy policies, the domestic operation market will recover as soon as possible, coupled with the obvious increase in C-end customers this year, the production of new energy vehicles and battery installation will increase in the second half of the year compared with the same period last year.

SMM battery materials research team

Qin Jingjing 021 Murray 51666828

Mei Wang Qin 021 Mui 51666759

Huo Yuan 021 Murray 51666898

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