-In January, the production of power lithium batteries increased by 317.2% year-on-year, and the growth rate of lithium iron phosphate batteries exceeded that of ternary batteries

In January, the production of power lithium batteries increased by 317.2% year-on-year, and the growth rate of lithium iron phosphate batteries exceeded that of ternary batteries
author:enerbyte source:本站 click200 Release date: 2023-10-26 09:16:26
abstract:
On February 23rd, the China Automotive Power Battery Industry Innovation Alliance released monthly data on power batteries for January 2021. In January of this year, China's power battery production totaled 12.0GWh, a year-on-year increase of 317.2%. From the year-on-year growth rate, lith...

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On February 23rd, the China Automotive Power Battery Industry Innovation Alliance released monthly data on power batteries for January 2021. In January of this year, China's power battery production totaled 12.0GWh, a year-on-year increase of 317.2%. From the year-on-year growth rate, lithium iron phosphate batteries continue to be larger than ternary batteries; The production of ternary batteries is 6.8GWh, an increase of 241.6% year-on-year and a decrease of 19.4% month on month; The production of lithium iron phosphate batteries is 5.2GWh, an increase of 493.6% year-on-year and a decrease of 20.3% month on month.

Entering 2021, power battery companies are continuously expanding production.

Against the backdrop of the accelerated outbreak of the new energy vehicle market, market demand has significantly increased, and orders from power battery companies have surged. The overall upward trend in the industry is obvious, and top enterprises are basically approaching full production. "Zhao Chao, an analyst in the cobalt industry at Longzhong Information, told Securities Daily that the production and sales of new energy vehicles are still in a steady upward period. It is expected that the sales of new energy vehicles will reach 1.85 million in 2021, a year-on-year increase of 42%. In the medium to long term, the demand for power batteries has increased, and companies such as Ningde Times, BYD, and AVIC Lithium Battery have expanded production to cope with the upcoming peak demand. Based on the continuous increase in the popularity of the new energy vehicle market and the surge in demand for power batteries, this situation may continue for 3-5 years.

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