The sales of new energy vehicles increase to drive the growth of demand for power batteries
In recent years, China\'s automotive lithium battery industry has grown from scratch, from small to large, and has developed rapidly. Its production capacity is second only to Japan. With the key support of national science and technology projects, China has made significant progress in research on key technologies, key materials and products of power lithium batteries.
From the demand side, in recent years, my country\'s new energy vehicle sales have shown an overall upward trend. In 2020, under the influence of the new crown epidemic, the sales of new energy vehicles still achieved a 10.9% growth. Since 2021, the sales of new energy vehicles have grown rapidly. From January to April 2021, the sales of new energy vehicles in my country reached 732,000, a year-on-year increase of 257.1%.
While the demand is increasing, the supply of raw materials for power lithium batteries is tight. Because the global lithium, cobalt, and nickel resources are mostly concentrated overseas, they are monopolized by leading mining groups. In 2020, some mines have experienced production suspension, bankruptcy, and mergers. At present, there are still unstable factors on the supply side, and there is the possibility of capacity shrinking or the tendency to conservatively integrate resources, resulting in a shortage of raw material imports and a tight supply.
The recent rise in the price of power lithium battery raw materials can reflect the current tight supply of power lithium battery raw materials. The raw materials of lithium battery mainly include positive and negative electrode materials, electrolyte, separator and current collector. Among them, the cathode material and electrolyte are the key raw materials of lithium batteries, including lithium carbonate, lithium hydroxide, lithium hexafluorophosphate and so on.
At present, due to the rapid increase in the demand for power lithium batteries for new energy vehicles on the demand side, and supply shortages on the supply side, the supply of power lithium batteries is in short supply.
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