Recently, the "Development Plan for Energy-Saving and New Energy Vehicles" of the Ministry of Industry and Information Technology has been submitted to the State Council and entered the final approval process, which will be introduced before the end of the year.
According to the "planning", in the next decade, China will invest 100 billion yuan to support the development of new energy automotive industry. By 2015, China will reach the possession of 500,000 electric vehicles, which will require 12.5 million kilowatts of lithium batteries. Lithium batteries for the core components of electric vehicles will undoubtedly usher in new market opportunities.
Perhaps as a positive response, the price of battery-grade lithium carbonate, which had a steady offer from August to September, rose again. In the capital market, a lot of money is pouring into the lithium battery industry. From foreign capital to set up factories in China to Chinese-funded overseas acquisitions of mines, the "Nuggets" for lithium batteries have begun.
Since the beginning of 2009, after the country positioned new energy vehicles as a strategic emerging industry, the prospect of favorable policies has enabled the lithium battery industry to attract hundreds of companies when it is immature. Lithium battery factories have mushroomed throughout the country. . At present, the number of companies engaged in lithium battery business in China has soared from 150 in the previous year to more than 600.
However, behind the boom in lithium battery investment, it also triggered the speculation concept of a number of listed companies. Cao Guoqing, deputy secretary-general of the China Battery Industry Association, revealed to reporters that there are currently hundreds of domestic manufacturers of lithium batteries on the surface, and only 20-30 households that can truly have the complete power battery production capacity.
According to industry sources, the upper threshold of the lithium battery industry is high, the downstream threshold is low, and there is strength to do upstream and small capital to do downstream. However, many companies are not optimistic about their prospects, but are speculating on the concept of money. "Lithium batteries not only need capital, but also need technology. Now most domestic companies have no technology to speak of, but simply assemble." Cao Guoqing said.
The rapid expansion of production capacity "China's lithium battery investment is probably overheated, and now a vote is two or three billion, so much money into the investment, but no output, are empty." Focus on the production of lithium batteries for automotive Suzhou Zheng Dong Ming, chairman of the technology company, said.
Mr. Dong’s concerns are not unreasonable. A report released by consulting firm Frost & Sullivan stated that under a series of investments, China’s power lithium battery production capacity will reach 3.9 billion amp-hours in 2015. In 2015, China’s passenger vehicle EV/PHEV and electric business The demand for cars is about 120,000, and it needs to consume about 900 million amp-hours of lithium batteries, which accounts for only 23% of the current production capacity.
The news shows that before 2015, lithium-ion battery investment will continue to move forward. Lithium battery production bases of participating companies such as Beijing Pride and Shanghai Jieneng will be put into production within 3 years; Lishen and Boston Energy will start construction of power lithium battery production bases in Chongqing in the near future; Wanxiang, Lithium, BYD, etc. Companies have announced plans for capacity expansion.
“The downstream of the lithium power industry is electronic products and lithium power products, such as electric vehicles. The future demand for the lithium battery market will come from the demand for power batteries for electric vehicles,†said Zhang Jiangfeng, a lithium industry expert at the Institute of Nonferrous Metals Technology. , "For the development of lithium, China has already had some mature experience, but for the development and application of electric vehicles requires a relatively long process. During this period, if too much investment in lithium, will cause the entire industry The imbalance of the chain makes the lithium battery industry in danger of overcapacity."
According to a report from Xiangcai Securities Research Institute, it is expected that the capacity expansion of lithium carbonate in China will be the fiercest between 2012 and 2015, and electric vehicles will all be in the early stage of industrialization before 2015, and the scale of production will not be sufficient to digest lithium carbonate. With the expansion of production capacity, the mismatch in time leads to inevitable structural oversupply of supply and demand.
Foreign capital also set up factories in China. This lithium battery has not only attracted the attention of domestic companies, but has also poured into foreign companies to set up factories in China to share the lithium battery industry "cake." Australia’s Galaxy Resources announced recently that it will invest 134 million Australian dollars in the construction of one of China’s largest lithium carbonate plants in Zhangjiagang City, Jiangsu Province. It is expected that the commissioning will start at the end of this year, and will produce 19,000 tons of battery-grade lithium carbonate with an annual output of 99.5% or more next year.
“Before, Galaxy Resources operated mainly upstream lithium-ion projects, but the Chinese market has great potential, and the lithium carbonate industry is more and more downstream and has more room, so we will extend to the downstream industry chain later.†Galaxy Resources News According to people, the emergence of a series of “blood lead†incidents this year has caused the traditional lead battery industry to face a wide range of rectification and bring more opportunities for lithium batteries. It is reported that the Galaxy Resources plant has not yet begun production, it has already implemented the underwriting agreement. This includes Japan's Mitsubishi Group's agent of 5,000 tons/year, including China's 13 major battery material suppliers' 12,000 tons/year.
Followed by Japan's lithium battery maker Matsushita. The company plans to reduce its 8 lithium battery factories in Japan to 4 and shift its production capacity to China. Next year, it will invest 720 million U.S. dollars to build a new lithium battery plant in Suzhou and use 3-4 years to increase its production in China from the current 10%-20% increase to 50%.
U.S. Wei Neng Corporation has also begun to deploy in China. Two companies have been established in Suzhou, producing only finished battery products, and their products are basically used for exporting to foreign high-end customers.
The westward extension of the industrial layout With the intensification of competition, the trend of shifting and integration of China's lithium battery industry is also becoming increasingly apparent.
Some experts pointed out that in the future, China's lithium battery industry space will evolve the trend of industrial gradient transfer. The upstream lithium battery materials industry is more concentrated in the eastern region, with high thresholds for high-end lithium battery materials, and the intellectually-intensive eastern regions such as Beijing, Jiangsu, and Shanghai will continue to maintain monopoly status, due to relatively low labor costs in the mainland, electricity Labor-intensive links such as core assembly will gradually shift from the coastal areas to the central and western regions.
In 2010, China's lithium battery market reached 27.61 billion yuan, an increase of 37.9% over 2009. From the output point of view, China's lithium battery production in 2010 reached 3.67 billion, an increase of 33.9%.
From the distribution of lithium battery output in China in 2010, it can be seen that the lithium battery industry is mainly concentrated in the Pearl River Delta, the Yangtze River Delta, and the Beijing-Tianjin-Hebei region. At the same time, as the lithium battery industry chain extends eastward to the lithium ore resources, Jiangxi Lichun, Sichuan Aba, Qinghai, and Tibet and Other lithium-rich resource areas have unique conditions for the development of lithium battery industry, these areas have put forward suitable Lithium battery industry development ideas in their own conditions.
Lithium-ion power batteries have become an upgrade direction, and the industry will converge into traditional automotive cities. Many parties in the industry chain adopt joint ventures and cooperation methods. The most typical models are “automobile manufacturers + lithium battery manufacturers†and “auto parts manufacturers + lithium battery manufacturersâ€. Beijing, Changchun, Tianjin, Shanghai, Hefei, Guangdong and other automobile cities will become the key cities for the future lithium-ion power battery industry.
According to the "planning", in the next decade, China will invest 100 billion yuan to support the development of new energy automotive industry. By 2015, China will reach the possession of 500,000 electric vehicles, which will require 12.5 million kilowatts of lithium batteries. Lithium batteries for the core components of electric vehicles will undoubtedly usher in new market opportunities.
Perhaps as a positive response, the price of battery-grade lithium carbonate, which had a steady offer from August to September, rose again. In the capital market, a lot of money is pouring into the lithium battery industry. From foreign capital to set up factories in China to Chinese-funded overseas acquisitions of mines, the "Nuggets" for lithium batteries have begun.
Since the beginning of 2009, after the country positioned new energy vehicles as a strategic emerging industry, the prospect of favorable policies has enabled the lithium battery industry to attract hundreds of companies when it is immature. Lithium battery factories have mushroomed throughout the country. . At present, the number of companies engaged in lithium battery business in China has soared from 150 in the previous year to more than 600.
However, behind the boom in lithium battery investment, it also triggered the speculation concept of a number of listed companies. Cao Guoqing, deputy secretary-general of the China Battery Industry Association, revealed to reporters that there are currently hundreds of domestic manufacturers of lithium batteries on the surface, and only 20-30 households that can truly have the complete power battery production capacity.
According to industry sources, the upper threshold of the lithium battery industry is high, the downstream threshold is low, and there is strength to do upstream and small capital to do downstream. However, many companies are not optimistic about their prospects, but are speculating on the concept of money. "Lithium batteries not only need capital, but also need technology. Now most domestic companies have no technology to speak of, but simply assemble." Cao Guoqing said.
The rapid expansion of production capacity "China's lithium battery investment is probably overheated, and now a vote is two or three billion, so much money into the investment, but no output, are empty." Focus on the production of lithium batteries for automotive Suzhou Zheng Dong Ming, chairman of the technology company, said.
Mr. Dong’s concerns are not unreasonable. A report released by consulting firm Frost & Sullivan stated that under a series of investments, China’s power lithium battery production capacity will reach 3.9 billion amp-hours in 2015. In 2015, China’s passenger vehicle EV/PHEV and electric business The demand for cars is about 120,000, and it needs to consume about 900 million amp-hours of lithium batteries, which accounts for only 23% of the current production capacity.
The news shows that before 2015, lithium-ion battery investment will continue to move forward. Lithium battery production bases of participating companies such as Beijing Pride and Shanghai Jieneng will be put into production within 3 years; Lishen and Boston Energy will start construction of power lithium battery production bases in Chongqing in the near future; Wanxiang, Lithium, BYD, etc. Companies have announced plans for capacity expansion.
“The downstream of the lithium power industry is electronic products and lithium power products, such as electric vehicles. The future demand for the lithium battery market will come from the demand for power batteries for electric vehicles,†said Zhang Jiangfeng, a lithium industry expert at the Institute of Nonferrous Metals Technology. , "For the development of lithium, China has already had some mature experience, but for the development and application of electric vehicles requires a relatively long process. During this period, if too much investment in lithium, will cause the entire industry The imbalance of the chain makes the lithium battery industry in danger of overcapacity."
According to a report from Xiangcai Securities Research Institute, it is expected that the capacity expansion of lithium carbonate in China will be the fiercest between 2012 and 2015, and electric vehicles will all be in the early stage of industrialization before 2015, and the scale of production will not be sufficient to digest lithium carbonate. With the expansion of production capacity, the mismatch in time leads to inevitable structural oversupply of supply and demand.
Foreign capital also set up factories in China. This lithium battery has not only attracted the attention of domestic companies, but has also poured into foreign companies to set up factories in China to share the lithium battery industry "cake." Australia’s Galaxy Resources announced recently that it will invest 134 million Australian dollars in the construction of one of China’s largest lithium carbonate plants in Zhangjiagang City, Jiangsu Province. It is expected that the commissioning will start at the end of this year, and will produce 19,000 tons of battery-grade lithium carbonate with an annual output of 99.5% or more next year.
“Before, Galaxy Resources operated mainly upstream lithium-ion projects, but the Chinese market has great potential, and the lithium carbonate industry is more and more downstream and has more room, so we will extend to the downstream industry chain later.†Galaxy Resources News According to people, the emergence of a series of “blood lead†incidents this year has caused the traditional lead battery industry to face a wide range of rectification and bring more opportunities for lithium batteries. It is reported that the Galaxy Resources plant has not yet begun production, it has already implemented the underwriting agreement. This includes Japan's Mitsubishi Group's agent of 5,000 tons/year, including China's 13 major battery material suppliers' 12,000 tons/year.
Followed by Japan's lithium battery maker Matsushita. The company plans to reduce its 8 lithium battery factories in Japan to 4 and shift its production capacity to China. Next year, it will invest 720 million U.S. dollars to build a new lithium battery plant in Suzhou and use 3-4 years to increase its production in China from the current 10%-20% increase to 50%.
U.S. Wei Neng Corporation has also begun to deploy in China. Two companies have been established in Suzhou, producing only finished battery products, and their products are basically used for exporting to foreign high-end customers.
The westward extension of the industrial layout With the intensification of competition, the trend of shifting and integration of China's lithium battery industry is also becoming increasingly apparent.
Some experts pointed out that in the future, China's lithium battery industry space will evolve the trend of industrial gradient transfer. The upstream lithium battery materials industry is more concentrated in the eastern region, with high thresholds for high-end lithium battery materials, and the intellectually-intensive eastern regions such as Beijing, Jiangsu, and Shanghai will continue to maintain monopoly status, due to relatively low labor costs in the mainland, electricity Labor-intensive links such as core assembly will gradually shift from the coastal areas to the central and western regions.
In 2010, China's lithium battery market reached 27.61 billion yuan, an increase of 37.9% over 2009. From the output point of view, China's lithium battery production in 2010 reached 3.67 billion, an increase of 33.9%.
From the distribution of lithium battery output in China in 2010, it can be seen that the lithium battery industry is mainly concentrated in the Pearl River Delta, the Yangtze River Delta, and the Beijing-Tianjin-Hebei region. At the same time, as the lithium battery industry chain extends eastward to the lithium ore resources, Jiangxi Lichun, Sichuan Aba, Qinghai, and Tibet and Other lithium-rich resource areas have unique conditions for the development of lithium battery industry, these areas have put forward suitable Lithium battery industry development ideas in their own conditions.
Lithium-ion power batteries have become an upgrade direction, and the industry will converge into traditional automotive cities. Many parties in the industry chain adopt joint ventures and cooperation methods. The most typical models are “automobile manufacturers + lithium battery manufacturers†and “auto parts manufacturers + lithium battery manufacturersâ€. Beijing, Changchun, Tianjin, Shanghai, Hefei, Guangdong and other automobile cities will become the key cities for the future lithium-ion power battery industry.
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