SHANGHAI, Dec 18 (SMM)－The lithium-ion battery market this year saw two major changes – intensified competition among industry leaders amid further investment and consolidations, and the wider application of ternary lithium-ion battery in the motive power battery market.
At the end of the third quarter of this year, the top 20 motive power battery companies in China have a combined capacity of 102.2 gigawatt hours (gwh), well above the installed capacity. Industry participants believed only a few companies would survive in the motive power battery industry due to oversupply.
In the first 10 months of this year, a total of 18.1 gwh lithium-ion battery power capacity was installed from 76 companies. While the installed capacity was up 31% from the same period last year, the number of companies was down from 109 for the whole year last year. Market participants saw this as the start of industry consolidation.
In addition, the application of ternary lithium-ion battery in the motive power battery market has become mainstream due to government subsidies for new energy vehicles and its higher energy density.
The development of new-energy vehicles is set to bring about a huge amount of disposed batteries. How to effectively recycle such batteries has become a hot topic in the industry. In fact, the value of recycling has already emerged due to the high prices of ternary lithium-ion battery.
The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.
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