In 2014, as the first year of domestic new energy vehicles, the annual sales volume increased from 17.76 million units in 2013 to 74.77 million units, a year-on-year increase of 324%, and achieved a higher growth rate in 2015. The sales volume reached 33. 110,000 vehicles. In addition to subsidy policies at the national level, all local governments have also introduced subsidies and preferential policies for new energy vehicles in the subsidy for new energy vehicles. These include nearly 40 provinces and municipalities such as Kitakami, Guangzhou, and Shenzhen. The government's subsidy and concessions have also laid the foundation for the popularity of new energy vehicles in the past few years.
According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in February 2018 were 39,230 and 34,420, respectively, an increase of 119.1% and 95. 2% year-on-year; January-February, the production and sales of new energy vehicles were 81,855 units. 74667 vehicles, an increase of 225.5% and 200% respectively.
According to the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Science and Technology jointly issued the “Medium-term and Long-term Development Plan for the Automotive Industry” jointly issued in April 2017, which clearly stated that by 2020, the annual production and sales of new energy vehicles will reach 2 million, and new energy sources will be reached by 2025. More than 20% of vehicle penetration rate (assuming about 2% of total automobile production in 2017-2025 corresponds to about 7 million new energy vehicles).
2015-2020 China's New Energy Vehicle Sales and Forecast (10,000 units)
With the increase in sales of new energy vehicles, the power battery industry has entered a period of explosive development. At the beginning of the development of new energy vehicles, it was subject to battery technology restrictions and the overall development of the industry was not perfect. Plug-in and hybrid vehicles were the mainstream of the industry, but With the increase of energy density brought about by technological advancement and the decrease in costs brought about by the rapid development of the upstream and downstream industries, pure electric vehicles have gradually become the mainstream of new energy vehicles.
According to data released by the Industry Research Institute of Forward-looking Industry, “Power Battery PACK Industry Development Prospects Forecast and Investment Strategic Planning Analysis Report”, power battery shipments climbed from 4.9GWh in 2014 to 17.0Gwh in 2015, a year-on-year increase of nearly 2%. Times. In 2016, China's power battery shipments reached 30. 5GWh, an increase of 80% over the previous year.
China Power Battery Pack Shipment and Forecast
Overall, as the key link of the new energy vehicle industry chain, the power battery industry will benefit from the growth in sales and penetration of new energy vehicles in the long term. In 2017, the cumulative shipment of power batteries was 39. 2GWh, with a growth of over 30%. Car production and sales forecast 2018 ~ 2020 will continue high growth power battery, CAGR about 30%.
Under this background, many listed companies have accelerated the deployment of solid-state lithium batteries. According to industry sources, solid-state batteries have higher energy density and longer cruising range. With the cyclical, safety and other comprehensive technical indicators, solid-state battery applications The market will gradually expand.
Industry insiders believe that solid-state batteries are expected to solve the problem of low energy density and improve the safety of batteries. It is expected that all-solid-state lithium secondary batteries will enter the end market in 2020. With recycling, magnification, high and low temperature, safety and other comprehensive technologies With the increase of indicators, the use of solid-state batteries in the electric vehicle market will gradually expand.
