In 2021, China’s new energy vehicle sales will be about 3.029 million, a year-on-year increase of 143%; the installed capacity of power batteries will be about 139.98GWh, a year-on-year increase of 128%. TOP 10powerbattery installations in China will be introduced in the following.
Top 10 power battery installations in China
1. The sales of new energy vehicles far exceeded expectations
Among the statistics, the installed capacity of the passenger car sector was 122.74GWh, accounting for 87.7% of the total installed capacity, a year-on-year increase of 169%, which was higher than the overall increase; the installed capacity of the new energy bus sector was 10.01GWh, a year-on-year decrease of 18%; the installed capacity of the new energy special vehicle sector was 7.24GWh , an increase of 88% year-on-year.
①From the perspective of material type, LFP batteries will become the main focus in 2021
Last year, the installed capacity of lithium iron phosphate power batteries was 65.37GWh, a year-on-year increase of 204%, and the growth rate was much higher than that of ternary power batteries 87%. The logic of the LFP battery passenger car field continuing to conquer the city is that on the one hand, it includes the Model Y, Model 3, BYD Han and Hongguang Mini EV and other phenomenal models equipped with iron-lithium batteries. Favored by a number of international OEMs such as Renault and Hyundai, it has become an important choice for their entry-level electric vehicle battery matching. Experts judge that LFP power batteries are expected to compete with ternary batteries in 2022 and become an important variable affecting the ranking of power battery installed capacity.
②From the perspective of battery shape, the growth rate of cylindrical battery in will be lower
In 2021, the annual installed capacity of cylindrical batteries is about 8.69GWh, a year-on-year increase of 10%; the installed capacity of square power batteries is about 120.99GWh, a year-on-year increase of 143%; the installed capacity of soft-pack power batteries is about 10.30GWh, a year-on-year increase o
③From the perspective of battery companies, the installed capacity of power battery companies is highly concentrated
In 2021, the total installed capacity of the TOP 10 enterprises in power battery installed capacity is 126.99GWh, accounting for 91% of the overall installed capacity, which is basically the same as that in 2020, but the installed capacity ranking has undergone major changes. In 2021, the top 10 power battery installed capacity rankings are CATL, BYD, China Innovation Aviation, Guoxuan Hi-Tech, LG Chem, Times SAIC, Funeng Technology, Honeycomb Energy, Yiwei Lithium Energy, and Ruipu Energy.
Compared with 2020, the competition among power battery companies will intensify in 2021. Except for CATL and BYD, which are firmly in the top two, the rest of the rankings will fluctuate greatly. For example, China Innovation Airlines has taken the 4th place in 2020 to a higher level, ranking 3rd, Honeycomb Energy has jumped from 13th in 2020 to 8th, and LG Chem has receded from 4th to 5th in 2020.
2. Top 10 Power Battery Installed Companies
Official website: http://www.catl.com
CATL was established in 2011. It is headquartered in Ningde, Fujian, and has branches in Munich, Beijing, Shanghai, Jiangsu and Qinghai, Germany. Through years of operation, the company has built a leading R&D and manufacturing base for power batteries and energy storage systems in China. It has core technologies for the entire industry chain of materials, cells, battery systems, and battery recycling, becoming one of TOP 10 power battery installations.
It is committed to applying advanced battery technology to global green energy applications, energy storage solutions. The company has established in-depth cooperative relations with top international automobile manufacturers such as Germany and the United States, as well as many well-known automobile manufacturers in China, to develop and produce power battery systems for pure electric vehicles and hybrid vehicles for global customers.
Total market value: 1.27 trillion RMB
Official website: https://www.bydglobal.com/cn/index.html
Company profile: After more than 20 years of rapid development, the company has set up more than 30 industrial parks around the world, and has achieved a strategic layout on six continents. From energy acquisition, storage, to application, it builds an overall zero-emission new energy solution. The company is a listed company in Hong Kong and Shenzhen, with a turnover and total market value of more than 100 billion yuan. And It is one of TOP 10 power battery installations.
Total market value: 978.1 billion RMB
Official website: http://www.calb-tech.com/
CALB is the world’s leading new energy technology enterprise, providing power and energy storage battery product solutions and high-quality new energy full life cycle services with the most valuable contribution to the world’s outstanding automobile companies, energy storage and special application markets. The company has continuously leading technological innovation capabilities, and builds a new energy technology innovation platform with global influence.
At present, the company has established a number of industrial bases to build industrial clusters in the Yangtze River Delta, Southwest, Central and Greater Bay Areas to achieve an all-round industrial layout in China. The company’s planned production capacity exceeds 500GWh, and overseas industrial layout is carried out at the same time. Meanwhile, It is also one of TOP 10 power battery installation in China. Besides, it is one of TOP 10 energy storage companies in China.
Registered capital: 1506.46 million RMB
Official website: http://www.gotion.com.cn
The company is one of TOP 10 power battery installations to engage in independent research and development, production and sales of new energy vehicle power lithium-ion batteries. The main products include lithium iron phosphate and ternary materials and batteries, power battery packs, battery management systems and energy storage battery packs.
Its products are widely used in the field of new energy vehicles such as pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid vehicles, and have established long-term strategic cooperative relations with many major new energy vehicle companies in China , Silicon Valley in the United States, Cleveland in the United States, Singapore, Tsukuba in Japan, Germany and other places have established global R&D centers.
Total market value: 77.38 billion RMB
Official website: http://www.lgchem.com.cn
LG Chem is centered on petrochemicals, batteries, and information and electronic materials. Since 2004, LG Chem has been among the top ten chemical companies in the world. The main products include lithium-ion polymer batteries, etc. By the end of 2008, LG Chem had invested US$1.1 billion in China, had 4,500 employees, and had sales of more than US$4.8 billion. The sales of PVC and ABS ranked first in the Chinese market.
LG Chem has also established branch offices in Shanghai, Guangzhou, Shenzhen, Nanjing, Qingdao, Yantai and other cities. The company has established a chemical new business development department, a petrochemical technology center, and a sales department for petrochemical materials, batteries, optical materials, and imported raw materials, becoming one of TOP 10 power battery installation in China.
Registered capital: USD 36 million RMB
As a joint venture battery company between CATL and SAIC, Times SAIC will have an installed capacity of 3.99GWh of power batteries in 2021, ranking sixth in the Chinese market with a market share of 2.85%.
Backed by SAIC, Times SAIC not only supplies to SAIC, SAIC-GM, SAIC Volkswagen, SAIC Maxus and other group-system car companies, but also actively explores external customers such as Ideal Auto and Hezhong New Energy. Among them, Li Auto has become its third largest customer, contributing 240MWh of installed capacity in 2021.
In December last year, the first phase of Times SAIC completed the production capacity of 26GWh, and started the construction of the second phase of the 16GWh battery cell production line, which is planned to be completed and put into operation by the end of this year.
Total market value: 250,000 RMB
Location: JiangxiOfficial website: http://www.farasis.com
Farasis’ installed capacity in 2021 will increase by 172% year-on-year to 2.37GWh, and the installed capacity ranking will further rise from the 8th in 2020 to the 7th, with a market share of 1.69%.
Funeng Technology has become the second supplier of GAC Passenger Vehicles, with 1.4GWh of installed capacity for GAC Passenger Vehicles, accounting for more than half of Funeng Technology’s total installed capacity in 2021. At the same time, Funeng Technology has strengthened the depth of cooperation with customers such as BAIC Motor, China FAW, and Nanjing Jinlong, laying a foundation for its installed capacity growth and becoming one of TOP 10 power battery installation in China.
Total market value: 30.51 billion RMB
Official website: https://www.svolt.cn/
As the fastest new force in the field of power batteries, SVOLT Energy’s installed capacity will soar by 384% in 2021, and its installed capacity will rise five places from the 13th in 2020, jumping to No. 8, and has become a permanent resident of the TOP 10 power battery installed capacity.
Based on Great Wall Motors, It has actively expanded customers such as Hezhong New Energy and Leap Motor, with a production capacity target of 600GWh in 2025.
In terms of production capacity deployment, SVOLT Eneygy has deployed 8 bases in Changzhou Jintan, Huzhou, Maanshan, Chengdu, Suining, Nanjing, Yancheng and Shangrao in China, and has deployed German production bases overseas.
Registered capital: 3243.18 million RMB
Official website: http://www.evebattery.com
In 2021, Chinese installed capacity will be 2.24GWh, ranking ninth, with a market share of 1.6%. Among them, the installed capacity of passenger cars is 1.04GWh, mainly supporting Xiaopeng Motors, Nanjing Jinlong, Jiangnan Automobile, etc.
At the same time, its 48V system has been designated as suppliers for Jaguar Land Rover projects and BMW projects. The energy storage field signed a two-year total supply agreement with Powin Energy, an American energy storage system integrator, to supply at least 1GWh of LFP batteries.
Total market value: 183.3 billion RMB
Official website: http://www.chinarept.com
In 2021, China’s installed capacity will be 1.78GWh, a year-on-year increase of 207%. Among them, the installed capacity of passenger cars is 1.7GWh, mainly supporting WM Motor and Shanghai Tongwu.
In November last year, Ruipu Energy was designated as the model for the powertrain platform products under Geely Holding Group, and the supporting scale is expected to reach more than 10GWh. Supplied with battery pack.
Registered capital: 1,763.87 million RMB
3. Compared with 2020, the competition among power battery companies will intensify
Except for the Ningde era and BYD, which are firmly in the top two, the rest of the rankings will fluctuate greatly. For example, China Innovation Airlines has taken the 4th place in 2020 to a higher level, ranking 3rd, Honeycomb Energy has jumped from 13th in 2020 to 8th, and LG Chem has retreated from 4th to 5th in 2020.