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The speed of media coverage seems to be lagging behind the production expansion speed of battery companies. While we are still exploring whether there will be a surplus in global power lithium battery production in 2025, battery companies have embarked on a new round of production expansion. On December 8th, during the second battery day of Honeycomb Energy, the company, which has been established for less than four years, raised its target for the Nth time - to challenge 600GWh production and 450GWh shipment by 2025. At the first Battery Day in 2020, its goal was to achieve a shipment volume of 40GWh by 2025.

On the other hand, on December 8th, CATL signed a cooperation and investment agreement with the Suzhou Municipal Government while beehive energy doubled its target by 10 times within a year; On December 7th, LG New Energy, ranked second in the world, also announced plans to raise tens of billions of dollars to go public... Driven by new energy vehicles, power lithium-ion batteries have become one of the busiest tracks this year. And like all potential and competitive tracks, internal competition is also happening in this industry that cannot be prevented.

Production planning, another round of "big work and fast progress"

There are two "famous" rumors in the battery industry: one is that He Xiaopeng, CEO of Xiaopeng Automobile, was stationed at CATL for a week in order to obtain the battery; Another is that at least seven or more "bosses" of the main engine factory are personally stationed at CATL every day. Although both He Xiaopeng and CATL ultimately denied the rumors, the lack of battery supply is evident. So this year, there is a clear trend in the power lithium battery industry - expanding production has become one of the main themes.

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