Global lithium battery development prospects

In the early days, with the rise of electronic devices such as electric vehicles and smartphones, the demand for lithium batteries began to grow. However, the order size at this stage is relatively small and has not yet formed explosive growth. With the worldwide promotion of new energy vehicles and the continuous growth of consumer demand for electronic devices, the demand for lithium batteries has begun to show explosive growth. In particular, with the strong support of the Chinese government for new energy vehicles, the demand for lithium batteries in the Chinese market has surged, which has promoted the rapid growth of global lithium battery orders. According to public market data, global lithium battery orders have continued to grow in recent years, and will break the mark of 10 trillion yuan in 2023. In order to seize market share, major battery manufacturers have increased investment in research and development to improve product quality and performance. At the same time, with the continuous progress of technology, new lithium batteries such as solid-state batteries, silicon carbon composite batteries and other research and development progress, is expected to further promote the development of lithium battery market in the future.

In this process, the market gradually showed a trend of concentration, and a few companies occupied the main share of the market. For example, a few companies, such as Ningde Times, BYD, LG New Energy, and Panasonic, account for the majority of orders in the global lithium battery market. Saic announced at the new energy technology conference that it is expected that by 2025, SAIC's all-solid-state batteries will be carried on a scale in SAIC's own brand, and it is expected that mass production will be achieved by 2026. Global lithium battery orders have exceeded 10 trillion yuan, the formation of this data, first, lithium battery demand market scale continues to expand, lithium battery orders continue to grow strong trend. With the continuous expansion of the new energy vehicle market, it is expected that the global lithium battery orders will continue to grow in the next few years. China is the world's largest producer and consumer of lithium-ion batteries, and it is expected that China's lithium-ion battery production will reach 750GWh in 2023, accounting for 68.2% of the global total.

Globally, the rapid development of the new energy vehicle market is the main driving force for the growth of lithium battery market demand, overall, the global lithium battery market has broad prospects. Lithium batteries are widely used in new energy vehicles, energy storage power stations, communication base stations and other fields, with the continuous progress of technology and the continuous expansion of the market, lithium batteries will continue to play an important role in the future. Especially in the field of new energy vehicles, with the rapid growth of the new energy vehicle market, lithium batteries will continue to be one of the main power sources, promoting the further prosperity of the new energy vehicle market. In other markets such as China, Europe and the United States, sales of new energy vehicles continue to grow, and the demand for lithium batteries has also increased.

Third, its characteristics and advantages, as one of the preferred solutions for the next generation of battery technology, lithium batteries have high safety, high power, high energy density, long cycle life, good charge-discharge performance and low pollution characteristics. The application fields of lithium batteries are also very wide, mainly including consumer electronics, power energy and energy storage equipment. Compared with traditional lead-acid batteries and nickel-chromium batteries, lithium batteries have higher energy density and longer service life. In addition, with the improvement of environmental awareness and the promotion of policies, the lithium battery industry is also gradually developing in the direction of green, low-carbon and sustainable development.

To sum up, the global lithium battery market is in a stage of rapid development, the market size continues to expand, the market structure continues to optimize, the global lithium battery order size is large, the growth trend is strong, and mainly concentrated in China, Europe and the United States and other markets. In the future, with the continuous expansion of the new energy vehicle market and the continuous progress of technology, solid state batteries and lithium batteries have made significant progress in the field of new energy vehicles, the global lithium battery market will continue to maintain a strong growth momentum, with the continuous breakthrough of technology and the continuous expansion of the market, these two types of batteries will continue to play an important role in the future. We will promote the further prosperity of the new energy vehicle market.