Small and medium battery companies aim at a new market for non-electric vehicle batteries
Statistics from the Research Department of the Power Battery Application Branch show that the domestic power battery installed capacity in the first quarter of 2019 was approximately 12.31GWh. Among them, Ningde Times and BYD, ranked 1st and 2nd, accounted for 71.5% of the total installed capacity, and the top 10 power battery companies accounted for 89.6% of the total installed capacity.
Statistics from the Research Department of the Power Battery Application Branch show that the domestic power battery installed capacity in the first quarter of 2019 was approximately 12.31GWh. Among them, Ningde Times and BYD, ranked 1st and 2nd, accounted for 71.5% of the total installed capacity, and the top 10 power battery companies accounted for 89.6% of the total installed capacity. In the first quarter of 2019, there were a total of 53 battery companies in China that achieved installations, and the remaining 43 companies except for the top 10 can only compete for a poor market share of about 10%.
Not only that, the problem of structural overcapacity of power batteries is still serious. According to data, by 2020, the production capacity of more than a dozen large and medium-sized power battery companies such as CATL, BYD, and Guoxuan High-tech will be close to 300Gwh, far exceeding the demand for power batteries in 2020. the amount. In this regard, an industry veteran believes that as battery production capacity continues to be put into operation, the differentiation of capacity utilization will continue to intensify, accompanied by the overall differentiation of the profitability of lithium battery companies, and small and medium-sized enterprises with poor profits or even losses will accelerate Out.
Industry analysis pointed out that in the future, most of the domestic power battery industry market will be concentrated in a few large companies, the first echelon will become bigger and stronger, and the low-end production capacity of the second and third echelon companies will face the crisis of being eliminated. With the gradual decline of financial subsidies and the clearing of the industry, it is expected that the concentration will be further strengthened.
Regarding the continuous increase in the concentration of the power battery market, Liu Yanlong, secretary-general of the China Chemical and Physical Power Industry Association, said that for battery companies, especially small and medium-sized enterprises, some niche and relatively mildly competitive market segments can be found as their goals. In the market, “small boats make a turnaround”, and sometimes small-scale companies have more advantages in this regard.
A few days ago, Veken Technology issued an announcement stating that the company will terminate the implementation of the 2GWh lithium-ion power battery construction project. The reason for the proposed termination of the project is that the macroeconomic situation and the competitive landscape of the power battery market have undergone major changes, and the power battery market has overcapacity. It is reported that Veken Technology will focus on 3C digital lithium-ion battery business as its strategic development focus, and focus on market segments to develop small-power PACK businesses such as two-wheeled vehicles, vacuum cleaners, and power tools.
Not long ago, Desai Battery stated that the company’s power battery business is not ideal, and in the small lithium battery business field, the company’s market share has been further consolidated, and the product sales volume has maintained good growth; in the medium-sized lithium battery business field, Various businesses are progressing smoothly. The lithium battery power tool and vacuum cleaner business focuses on core high-quality customers, and sales revenue has grown steadily.
As the saying goes: the east is not bright and the west is bright, and there is no need for battery companies to "walk all the way to black". In fact, in addition to the power battery market, other market segments in the lithium battery field are also very broad.
In the field of electric bicycles, with the implementation of the new national standard and the new 3C compulsory certification regulations, the electric bicycle lithium battery market has swept through the storm. The industry estimates that with the full replacement of lithium batteries in electric bicycles, the annual increase in demand for lithium batteries for electric bicycles will exceed 18GWh per year. It is understood that battery companies such as Xingheng Power, Yiwei Lithium Energy, Far East Foster, Penghui Energy, and Chaowei Group have taken the lead in benefiting through the early layout and other market preparations.
In addition to electric bicycles, research data shows that there is huge room for increase in cordless power tools in the next few years, with an average annual compound growth rate of 6.6%. The market for cordless power tools is expected to exceed US$18 billion in 2020, and the market space in 2021 will reach US$19.35 billion. It is reported that many domestic companies such as Haistar, Tianpeng Power, Desay Battery, and Yiwei Lithium Energy have formed close strategic cooperation with international power tool giants, and a few companies have entered the supply chain system of these companies.
It is understood that, in the field of electric tools, large companies such as Black & Decker, Bosch, Makita, Kechuang, Hitachi, etc. occupy a major market share. According to industry estimates, the world's top 5 power tool companies use more than 10GWh of lithium batteries each year, and the market prospect is very broad.
According to industry predictions, the global lithium battery market will reach 154GWh in 2021 except for electric vehicles, which is 1.7 times that of 2016, with an average annual growth rate of 11%; while the Chinese market will reach 73GWh by then, which is 2016 1.8 times, an average annual growth rate of 13%. Aiming at market segments other than power batteries, small and medium battery companies may usher in a new spring.
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