New lithium battery
As the largest lithium-ion battery manufacturer in the world, China has fully benefited from the rapid development of lithium battery industry. From the perspective of China's lithium battery subdivision application field, the growth of traditional 3C digital market has gradually slowed down, with a compound growth rate of 6.05% in the past five years; the growth of energy storage market is fast, with a compound growth rate of 31.57% in the past five years; driven by the rapid development of new energy vehicle market, the power battery field has become the most powerful subdivision field, with a compound growth rate of 66.87% in the past five years. According to the data, new energy vehicle power battery and energy storage battery have contributed to the growth of lithium battery market revenue
From the perspective of market situation, in 2018, China's lithium-ion battery market output reached 102.00gwh, an increase of 26.71% year-on-year, and China's global output accounted for 54.03%, among which, stimulated by the development of new energy vehicles (in 2018, China's new energy vehicle output reached 1.22 million, an increase of 50.62% year-on-year), and in 2018, the power battery reached 65gwh, an increase of 46.07% year-on-year, becoming the largest subdivision of the share Field, and is currently the largest growth engine in the field of lithium-ion batteries. In addition, from January to September 2019, the domestic production of new energy vehicles is about 888000, with a year-on-year growth of 20.9%; the installed capacity of power batteries is about 42.31gwh, with a year-on-year growth of 47%. With the continuous improvement of market penetration of lithium batteries in the field of energy storage, it is expected that the output value of lithium battery energy storage in China will rise to 13.7 billion yuan by 2022.