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.