First in The World! More Than 70% Of The World's Lithium Batteries Are Produced in China.

In the 1990s, Japan took the lead in achieving technological advantages and rapidly promoted the industrialization process with its breakthrough in the field of lithium-ion batteries based on liquid electrolytes. Facing this emerging technology field, China's scientific research team has not fallen behind. In 1998, Chen Liquan's team took the lead in taking action in China and successfully promoted the completion of China's first pilot production line for liquid lithium batteries, laying a solid foundation for subsequent large-scale mass production.

After decades of unremitting efforts, China's liquid lithium battery industry has achieved leapfrog development from scratch, from small to large, and now occupies a leading position in the global market. According to statistics, more than 70% of the world's lithium batteries are produced in China.

After years of investment layout, China's power lithium battery industry chain has taken a leading position in global competitiveness, driven by the new energy vehicle market. By 2022, Chinese companies will account for 90% of the global production capacity of cathode materials, 86% of the global production capacity of anode materials, 79% of the global revenue of battery manufacturing equipment companies, and 61% of the global sales of new energy vehicles. . In the power lithium battery manufacturing sector, the installed capacity of Chinese companies has exceeded 60% of the global share in 2022, and will reach 63.7% from January to November 2023. China's power lithium battery industry chain has become globally competitive, and manufacturers have the ability to expand their business overseas.

Analysis of the competitiveness of Chinese manufacturers in overseas markets

In the first three quarters of 2023, Tesla and other automakers are increasingly adopting lithium iron phosphate batteries, which has caused CATL's installed capacity in overseas markets outside China to nearly triple year-on-year, and has already tied the level of Korean batteries. The market share of giant LG New Energy. Overall, the market share of other Chinese manufacturers in overseas markets is also on the rise.

In the past, ternary lithium batteries were the main technical route for overseas markets. However, due to the price advantage of lithium iron phosphate batteries, overseas automobile OEMs are increasingly using lithium iron phosphate batteries. Therefore, Chinese manufacturers that use lithium iron phosphate batteries as their mainstream technology are expected to continue to increase their share in overseas markets in the future.

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