There are 47400 lithium battery related enterprises in China, an increase of 2324 in the first eight months of this year.

According to the data released by the company, there are a total of 47400 lithium battery-related enterprises in China, and the number of lithium battery-related enterprises has been on the rise as a whole in the past 10 years.

Among them, in 2016, a series of new policies and regulations for the lithium battery industry were announced and implemented one after another. In that year, 4917 new lithium battery enterprises were added, an increase of 88.17%, the fastest growth in nearly a decade. In 2018, 8198 new lithium battery companies were added, the largest number of new lithium battery enterprises in the past decade. In 2019 and 2020, 7691 and 5764 lithium battery related enterprises were added respectively. In the first eight months of 2021, China added a total of 2324 lithium battery related enterprises.

From the perspective of regional distribution, China's lithium battery-related enterprises are mainly distributed in Guangdong, Jiangsu, Shandong and other provinces. Among them, Guangdong has 21200 lithium battery-related enterprises, ranking first in the country. Jiangsu and Shandong ranked second and third, with 5175 and 2280 respectively. Followed by Anhui, Zhejiang, Hunan and other provinces.

In terms of the distribution of registered capital, lithium battery-related enterprises account for 25% of the registered capital of more than 10 million, a total of 12000, 14000 with registered capital of less than 1 million, 10, 000 enterprises accounting for 30% of 100-2 million, 5308 enterprises accounting for 22%, and 5675 lithium battery enterprises accounting for 11%, accounting for 12%.

According to data released by the China Automotive Power Battery Industry Innovation Alliance, from January to August, the total number of power batteries installed in China totaled 76.3 GWH, an increase of 176.3 percent over the same period last year.

In addition, Minister of Industry and Information Technology Xiao Yaqing said at a press conference of the State Information Office on September 13 that China leads the world in power battery technology, with a 2.2-fold increase in unit energy density and an 85% reduction in cost compared with 2012.

Battery Network noted that the achievements of China's power battery industry are inseparable from the rapid growth of the new energy vehicle industry. According to the latest statistics, as of August this year, the cumulative production and sales of new energy vehicles in China has been close to 7.3 million.

In addition, according to the previously released data, as of September 15, there are 352000 enterprises related to "new energy vehicles" in China. There were 82000 newly registered enterprises in 2020, an increase of 65.6 per cent over the same period last year. A total of 107000 companies were registered in the first eight months of this year, an increase of 137.8 per cent over the same period last year.

The registration of new energy vehicle enterprises in China shows a growing trend, and the industry has entered a period of development since 2014, and the number of enterprise registration has increased by 98.5% compared with the same period last year. There were more than 20,000 newly registered enterprises in 2016 and increased by leaps and bounds in the following years. The number of registrations was close to 50, 000 in 2018 and 2019, and reached a record high of 82000 in 2020, an increase of 65.6 per cent over the same period last year.

Xiao Yaqing also said that the number of new energy vehicle companies is too large, in a small and scattered situation. In the next step, we should give full play to the role of the market, encourage mergers and restructuring of enterprises to become bigger and stronger, and further increase the degree of industrial concentration.

At the policy level, we will accelerate the high-quality development of new energy vehicles, and the concentration of power battery market is also further enhanced. Data show that from January to August, a total of 54 power battery enterprises in China's new energy vehicle market were equipped with supporting vehicles, 5 fewer than the same period last year. The power battery loads of the top three, the top five and the top 10 power battery companies are 54.9GWh, 63.9GWh and 69.9GWH respectively, accounting for 71.9%, 83.7% and 91.6% of the total load, respectively.