In recent years, China has issued a number of policies to encourage the development of new energy vehicles. Under the impetus of the policy, the scale of China‘s lithium battery industry has grown rapidly.

The upstream of the industrial chain of the lithium battery industry is mainly suppliers of positive and negative materials, electrolytes, electrode substrates, separators, etc .; the midstream is the battery manufacturing and packaging industry; the downstream is the application field of lithium batteries, mainly used in power batteries Consumer electronics and other fields.

In 2018, China’s production of new energy vehicles increased significantly, driving the increase in demand for lithium batteries in China, and further increasing the production of lithium batteries. According to data from the China Electronic Information Industry Development Institute, in 2018, China’s cumulative lithium battery production reached 13.99 billion.

Judging from the installed capacity of China’s power lithium batteries CR5 and CR10, China’s power lithium battery market is highly concentrated. In 2018, China’s power lithium battery CR5 was 74%, and CR10 reached 83%, a further increase from 2017.

Lithium battery refers to a battery containing lithium (including metallic lithium, lithium alloy, and lithium-ion, lithium polymer) in the electrochemical system. According to different classification basis, lithium batteries are mainly divided into the following categories.

In 2014, the scale of China’s lithium battery industry grew rapidly. In 2018, due to exchange rate factors, the growth rate of China’s lithium battery industry has slowed down. The scale of China’s lithium battery industry has reached 172.7 billion yuan.

From the perspective of application fields, lithium batteries in China are widely used in many downstream fields such as mobile phones, notebook computers, electric bicycles, electric vehicles, electric tools, digital cameras, and so on. In 2018, China’s power batteries became the main factor driving the growth of industry demand. According to statistics from the China Electronics and Information Industry Development Institute, in 2018, China’s power lithium batteries accounted for about 64%; consumer batteries accounted for 32%, Compared with 2017; energy storage batteries accounted for about 4%.

Prospective analysis believes that the future battery industry trends will continue to expand. From 2015 to 2018, the compound growth rate of China’s lithium battery industry will be 20.58%. It is expected that by 2025, China’s lithium battery industry will exceed 600 billion yuan.