Electric vehicle lithium battery industry ushered in a period of development
This news article is about the development of the lithium ion battery industry for electric vehicles, including the current status of li ion battery.
Table of Contents
According to statistics, the market size of the electric vehicle industry grew 20.7% year-on-year in 2022, reaching 60.07 million.
In the past year, both in terms of market scale and product innovation, EV brand companies and spare parts companies have shown great resilience and strong explosive power. Especially the lithium ion battery, in the case of upstream raw material price hike, still achieved good market performance.
Looking back to 2022, future trends in the lithium battery industry for electric vehicles have emerged, such as continued concentration of market share to brands.
We all know that by a combination of factors, the growth of the electric vehicle lithium ion battery industry has slowed down in 2022. The brief slowdown in the lithium ion battery industry last year did not affect the future growth of the lithium battery industry’s momentum.
Lithium battery is still the most clear trend of the electric vehicle industry, and 2023 li ion battery industry will usher in another golden development period. So, what are the obvious trends and opportunities for the li ion battery industry for electric vehicles in 2023?
The current status of lithium batteries in China’s electric two-wheeled vehicle market
The new national standard for electric bicycles stipulates a rigid requirement of ≤55kg for the whole vehicle mass of electric bicycles, making lithium batteries the standard for the new national market.
The hundreds of millions of electric bicycle ownership means that there will be a huge consumer demand for two-wheeled lithium batteries. In addition to its own lead-acid battery companies layout lithium production, but also a comprehensive effort to light lithium manufacturing.
But the new national standards are implemented at the same time, lithium battery-related standards and specifications requirements are not implemented at the same time. In the absence of mandatory national standards, but the background of the electric two-wheeled vehicle market demand for lithium batteries is huge, lithium battery confusion in the market situation began to occur.
Because it is profitable, some businessmen put some lithium batteries eliminated from new energy vehicles in series, assembled and sold for profit, resulting in a large number of poor quality lithium batteries starting to appear in the electric vehicle market.
Inferior lithium battery into the market in large quantities, resulting in users in charging, use problems, electric car fires, explosions and other situations occur frequently.
Frequent problems make many users have questions about the safety of lithium batteries, so lithium is really unsafe? In fact, the safety of lithium battery products produced by regular lithium battery companies is very high.Phylion BATTERY products, for example, in the recent explosive combustion event, when other ternary lithium battery natural explosion was burned only the shelf, the same warehouse Phylion BATTERY battery in the shell was burned deformed or even burned after no explosion.
In the explosion and combustion still maintain the safety of the internal battery cells, the safety of daily use is natural no doubt. In fact, the choice of legal and formal, quality assurance of lithium-ion big brands, in order to effectively avoid safety accidents.
Electric vehicle market is expected to usher in the return of value
The electric vehicle industry in 2022, price increases are inevitable topics, and the core of this wave of price increases point to lithium batteries, the source is the lithium battery upstream raw material prices out of control.
With the recent topping back down of the upstream raw material prices, lithium battery manufacturing costs have also ushered in a turnaround. Data show that in 2022, the average price of battery-grade lithium carbonate China mixed price rose 86.17% throughout the year, once approaching 600,000 RMB / ton.
Data show that on January 29, 2023, the average price of battery-grade lithium carbonate was 498,000 RMB / ton, compared to the highest level has fallen back nearly 20%. Professionals revealed that the price of lithium carbonate is expected to remain above 450,000 RMB/ton in the second half of 2023, and will drop to below 400,000 RMB/ton in 2024 without any suspicion. For lithium battery companies, this is undoubtedly a major boon.
Back to the electric vehicle industry, the price is the core factor for users to buy lithium batteries or lead-acid batteries. According to data analysis, for every 100 RMB drop in the price of lithium batteries, market sales will increase by 8%-10%.
As the price falls, lithium battery will also usher in the return of value, will again become the first choice of electric vehicle users to replace or new purchase of electric vehicles configuration.
At the same time, high-quality lithium batteries on the market will also achieve price reductions due to cost reductions and scale improvements, which will inevitably have a greater impact on the lead-acid market. All factors show that in 2023, the lithium battery market size will again usher in significant growth.
Lithium-ion enterprises usher in development opportunities
Once the new national standard for lithium battery is introduced, the whole electric vehicle industry is bound to usher in a wave of huge market shocks.
In addition to effectively eliminating the circulation and listing of poor quality lithium batteries in the market and improving the sales chain of lithium batteries, after the introduction of the mandatory standards, the electric vehicle lithium market will also face comprehensive and strict investigation and rectification by the relevant departments, and poor quality lithium batteries will be eliminated on a large scale.
Industry shocks also mean market opportunities. According to the data, since 2019, lithium battery in the field of two-wheeled electric vehicles maintain a year-on-year increase in penetration, 2021 two-wheeled market lithium penetration rate of 23.4%, this year, part of the electric vehicle market will usher in a large replacement of super standard cars, the new national standard models will further increase, lithium penetration rate is expected to exceed 27% or more.
Look at the data from the enterprise side. Currently the largest shipments of two-wheeled electric vehicle lithium Phylion BATTERY, as of the end of this year, the cumulative global sales of nearly 25 million groups, especially in Yadea, Aima, Tailing, Luyuan and other industry brands supply accounted for up to 70%.
If the new national standards for lithium batteries are introduced, the market shocks to set things right, in the context of a large number of poor quality lithium batteries are eliminated, the market sales of regular lithium battery manufacturers will all usher in a new high.
This will not only bring further development opportunities for formal lithium battery enterprises, but will greatly increase the safety of the electric vehicle market in the sale and use of lithium batteries, effectively reducing the occurrence of safety accidents.
Of course, the solution to the lithium problem is not a one-time thing. In addition to the introduction of new national standards for lithium, but also need the whole electric vehicle industry, especially the vehicle manufacturers, lithium brands of joint efforts.
Production, sales compliance and legal safety lithium car, popularize the use of lithium knowledge, and jointly improve the industry and lithium in the consumer side of the social image, to promote the benign development of the industry.
From the national level to many places in the country, lithium battery-related standards have been introduced, the production, manufacture and use of lithium batteries for electric bicycles has been strictly standardized is an inevitable trend.
The exit of small brands and small workshops, which are mainly assembled for market speculation, is inevitable, and for the head and standardized production of lithium battery enterprises, the good policy will be transformed into market purchasing power.
Conclusion
Only the first insight into the trend to follow the trend, in the new national standard of quality, standardization led and market factors involved, the lithium battery industry in 2023 ushered in not only the scale of growth, more high-quality development is also inevitable.
With the support of four major trends, EV lithium battery enterprises are expected to usher in stronger development momentum, and the EV lithium battery industry will make a leapfrog breakthrough.
Ayan Chen
Dear readers, My professional journey began with a master's degree in Electronic Engineering, after which I directed my focus towards in lithium battery swap systems. As a engineer at a renowned battery company, I've not only wholeheartedly contributed to several successful battery swapping station projects, but have also gained a wealth of experience. Through my writing, I aspire to share insights and knowledge about motorcycle battery swapping for you.
Electric vehicle lithium battery industry ushered in a period of development
According to statistics, the market size of the electric vehicle industry grew 20.7% year-on-year in 2022, reaching 60.07 million.
In the past year, both in terms of market scale and product innovation, EV brand companies and spare parts companies have shown great resilience and strong explosive power. Especially the lithium ion battery, in the case of upstream raw material price hike, still achieved good market performance.
Looking back to 2022, future trends in the lithium battery industry for electric vehicles have emerged, such as continued concentration of market share to brands.
We all know that by a combination of factors, the growth of the electric vehicle lithium ion battery industry has slowed down in 2022. The brief slowdown in the lithium ion battery industry last year did not affect the future growth of the lithium battery industry’s momentum.
Lithium battery is still the most clear trend of the electric vehicle industry, and 2023 li ion battery industry will usher in another golden development period. So, what are the obvious trends and opportunities for the li ion battery industry for electric vehicles in 2023?
The current status of lithium batteries in China’s electric two-wheeled vehicle market
The new national standard for electric bicycles stipulates a rigid requirement of ≤55kg for the whole vehicle mass of electric bicycles, making lithium batteries the standard for the new national market.
The hundreds of millions of electric bicycle ownership means that there will be a huge consumer demand for two-wheeled lithium batteries. In addition to its own lead-acid battery companies layout lithium production, but also a comprehensive effort to light lithium manufacturing.
But the new national standards are implemented at the same time, lithium battery-related standards and specifications requirements are not implemented at the same time. In the absence of mandatory national standards, but the background of the electric two-wheeled vehicle market demand for lithium batteries is huge, lithium battery confusion in the market situation began to occur.
Because it is profitable, some businessmen put some lithium batteries eliminated from new energy vehicles in series, assembled and sold for profit, resulting in a large number of poor quality lithium batteries starting to appear in the electric vehicle market.
Inferior lithium battery into the market in large quantities, resulting in users in charging, use problems, electric car fires, explosions and other situations occur frequently.
Frequent problems make many users have questions about the safety of lithium batteries, so lithium is really unsafe? In fact, the safety of lithium battery products produced by regular lithium battery companies is very high.Phylion BATTERY products, for example, in the recent explosive combustion event, when other ternary lithium battery natural explosion was burned only the shelf, the same warehouse Phylion BATTERY battery in the shell was burned deformed or even burned after no explosion.
In the explosion and combustion still maintain the safety of the internal battery cells, the safety of daily use is natural no doubt. In fact, the choice of legal and formal, quality assurance of lithium-ion big brands, in order to effectively avoid safety accidents.
Electric vehicle market is expected to usher in the return of value
The electric vehicle industry in 2022, price increases are inevitable topics, and the core of this wave of price increases point to lithium batteries, the source is the lithium battery upstream raw material prices out of control.
With the recent topping back down of the upstream raw material prices, lithium battery manufacturing costs have also ushered in a turnaround. Data show that in 2022, the average price of battery-grade lithium carbonate China mixed price rose 86.17% throughout the year, once approaching 600,000 RMB / ton.
Data show that on January 29, 2023, the average price of battery-grade lithium carbonate was 498,000 RMB / ton, compared to the highest level has fallen back nearly 20%. Professionals revealed that the price of lithium carbonate is expected to remain above 450,000 RMB/ton in the second half of 2023, and will drop to below 400,000 RMB/ton in 2024 without any suspicion. For lithium battery companies, this is undoubtedly a major boon.
Back to the electric vehicle industry, the price is the core factor for users to buy lithium batteries or lead-acid batteries. According to data analysis, for every 100 RMB drop in the price of lithium batteries, market sales will increase by 8%-10%.
As the price falls, lithium battery will also usher in the return of value, will again become the first choice of electric vehicle users to replace or new purchase of electric vehicles configuration.
At the same time, high-quality lithium batteries on the market will also achieve price reductions due to cost reductions and scale improvements, which will inevitably have a greater impact on the lead-acid market. All factors show that in 2023, the lithium battery market size will again usher in significant growth.
Lithium-ion enterprises usher in development opportunities
Once the new national standard for lithium battery is introduced, the whole electric vehicle industry is bound to usher in a wave of huge market shocks.
In addition to effectively eliminating the circulation and listing of poor quality lithium batteries in the market and improving the sales chain of lithium batteries, after the introduction of the mandatory standards, the electric vehicle lithium market will also face comprehensive and strict investigation and rectification by the relevant departments, and poor quality lithium batteries will be eliminated on a large scale.
Industry shocks also mean market opportunities. According to the data, since 2019, lithium battery in the field of two-wheeled electric vehicles maintain a year-on-year increase in penetration, 2021 two-wheeled market lithium penetration rate of 23.4%, this year, part of the electric vehicle market will usher in a large replacement of super standard cars, the new national standard models will further increase, lithium penetration rate is expected to exceed 27% or more.
Look at the data from the enterprise side. Currently the largest shipments of two-wheeled electric vehicle lithium Phylion BATTERY, as of the end of this year, the cumulative global sales of nearly 25 million groups, especially in Yadea, Aima, Tailing, Luyuan and other industry brands supply accounted for up to 70%.
If the new national standards for lithium batteries are introduced, the market shocks to set things right, in the context of a large number of poor quality lithium batteries are eliminated, the market sales of regular lithium battery manufacturers will all usher in a new high.
This will not only bring further development opportunities for formal lithium battery enterprises, but will greatly increase the safety of the electric vehicle market in the sale and use of lithium batteries, effectively reducing the occurrence of safety accidents.
Of course, the solution to the lithium problem is not a one-time thing. In addition to the introduction of new national standards for lithium, but also need the whole electric vehicle industry, especially the vehicle manufacturers, lithium brands of joint efforts.
Production, sales compliance and legal safety lithium car, popularize the use of lithium knowledge, and jointly improve the industry and lithium in the consumer side of the social image, to promote the benign development of the industry.
From the national level to many places in the country, lithium battery-related standards have been introduced, the production, manufacture and use of lithium batteries for electric bicycles has been strictly standardized is an inevitable trend.
The exit of small brands and small workshops, which are mainly assembled for market speculation, is inevitable, and for the head and standardized production of lithium battery enterprises, the good policy will be transformed into market purchasing power.
Conclusion
Only the first insight into the trend to follow the trend, in the new national standard of quality, standardization led and market factors involved, the lithium battery industry in 2023 ushered in not only the scale of growth, more high-quality development is also inevitable.
With the support of four major trends, EV lithium battery enterprises are expected to usher in stronger development momentum, and the EV lithium battery industry will make a leapfrog breakthrough.