Due to the continuous increase in market sales globally, several leading lithium battery companies have recently announced an increase in production.
Among them, the Jiangsu Lianjun New Energy Storage System Integration Project has commenced construction, with the establishment of new facilities.4A fully automated battery module production line4No Chinese content provided.PACKIntelligent production line,2A comprehensive energy storage system integration production line, planned1A string inverter production line1A storage battery production line, annual output10GWhEnergy storage system integration products; Yee Wes Energy Technology has launched the second phase of its super factory project in Jingmen High-Tech Industrial Development Zone, with a planned annual output of60GWhThe project will focus on the production of high-efficiency energy storage batteries; BYD has signed a phase three project agreement with the Shenzhenshan Special Cooperation Zone, with a total investment of65The investment of hundreds of millions will further enhance its production capacity in the field of power batteries.
As the industry leader....Head, CATL2025The annual plan includes the addition of multiple new projects, such as constructing a plant in Spain with an annual output of...50GWhOur battery factory is up and running. Additionally, the Fuzhou Luoyuan New Energy Base project is progressing, with an expected annual output to be announced soon.40GWh。
According to a South Korean research institutionSNE ResearchAnnounced Global Power BatteryzuiNew statistics data reveal, in2024Before the New Year11During the month, the total installed volume of global power batteries surged to785.6 GWhNo Chinese content provided.2023Compared to the same period last year, there has been a significant increase of26.4%Among the top ten global companies in terms of installed power battery capacity, six Chinese firms—CATL, BYD, Contemporary Amperex Technology Co., Guoxuan High-Tech, Eversolar, and Xinwangda—are prominently listed, with their combined market share reaching65.5%。
Specifically, CATL, (Note: The translation is incomplete as the provided Chinese content is cut off. If there is more context, please provide it for a complete translation.)289.3GWhOur installed capacity ranks globally.One, year-on-year growth28.6%No Chinese content provided. Please provide the text to be translated.36.8%Please provide the Chinese content to be translated.134.4GWhThe installed base remains consistently at the top..Second, year-on-year growth35.9%Market share:17.1%ZheXin Innovation ranks fourth in installed capacity.36.3GWhThere was an increase of 20%.22.2%Market share:4.6%Guoxuan High-Tech20.9GWhThe installed capacity ranked eighth, with a year-on-year increase.43.3%Market share:2.7%Everbright Lithium Energy18GWhThe installed capacity ranked ninth, with a year-on-year increase.27.3%Market share:2.3%Xinwangda has15.9GWhThe company's installed base ranked 10th, with a growth rate of65.7%There is no Chinese content to translate.2%。
In addition to the rise in sales, a relevant sales manager from a certain power battery company told Blue Whale News that the capacity utilization of leading producers is also maintained at a relatively high level. Although his company takes a holiday during the Spring Festival every year, the overseas market...“However, the year is not over.”Additional staff is still needed.“Volunteer”Overtime.
Financial reports indicate:2024In the first half of the year, Ningde Times New Energy and YeeWah Lithium Energy achieved capacity utilization rates of ____, respectively.65.3%、83.6%No Chinese content provided for translation.70%Above, significantly higher than the overall market level.
Robust market demand is prompting battery companies to accelerate expansion to capture a larger market share. CITIC Securities also predicts,2025Domestic sales of new energy vehicles are expected to reach...156010,000 units, up by 10% year-on-year20%At the same time, the energy storage market is rapidly expanding and will become a new growth point for the lithium battery industry.
In parallel with the lithium battery companies' accelerated expansion, manufacturers in the lower and mid-tier segments are slowing down their production expansion.
A leading power battery company's technical director revealed that the utilization rate of high-end production capacity in the industry is gradually increasing, while low-end capacity is facing the risk of overcapacity. Leading companies possess more patents and more advanced technologies, and have already widened the gap with their competitors in terms of ultra-fast charging and long-range products. In the future, with technological advancements and changes in market demand, these ultra-fast charging and long-range products will become the focus of development.
With product advantages, the lithium battery industry leader differs from second and third-tier manufacturers in terms of procurement costs and capacity utilization, as explained by the responsible person. According to his calculations, with the price of lithium carbonate...8Ten Thousand Yuan/At 1 ton, the cost of lithium iron phosphate batteries for leading manufacturers is approximately0.31Please provide the Chinese content you would like to have translated./WhCosts lower than those of second-tier manufacturers.0.05Translation: Yuan/WhLeft, right, and...0.361Yuan/WhBattery manufacturers in third and fourth-tier cities have only a utilization rate of...50%Please provide the Chinese content that you would like to have translated into American English.60%And the yield rate is low, with estimated costs exceeding...0.4Yuan/Wh。
The report by Guangda Securities indicates that due to excessive industry capacity and severe polarization in profit levels, companies below the mid-tier are facing significant operational pressures. It is anticipated that the production capacity of manufacturers in third and fourth-tier cities will gradually be eliminated.
The aforementioned official stated, "Currently, new technologies such as solid-state batteries and fast-charging batteries are rapidly advancing. These technologies not only enhance product performance but may also alter the market landscape. Leading companies are also breaking through related technologies to maintain competitiveness."
