Rapid growth in the lithium battery equipment industry market

In recent years, China's new energy vehicle industry has continued to grow at a high speed. According to data released by the China Association of Automobile Manufacturers, the domestic new energy vehicle industry has continued to experience explosive growth, ranking first in the world for eight consecutive years. With the support of policies and the market, the production and sales of new energy vehicles in 2022 were 7.058 million and 6.887 million, respectively, with year-on-year growth of 96.9% and 93.4%. The market share reached 25.6%, 12.1 percentage points higher than the previous year. According to research and statistics from the Lithium Battery Research Institute of High Industry and Technology Research Institute (GGII), the market size of lithium battery production equipment in China in 2022 was 100 billion yuan, a year-on-year increase of 70%.

The main reasons for the rapid growth of the lithium battery equipment industry are: 1) the acceleration of production expansion by domestic power and energy storage battery enterprises, with a new capacity of 480GWh of lithium battery production in China in 2022; 2) In 2022, overseas lithium battery companies (such as LGES, ACC, Northvolt, Volkswagen, etc.) will accelerate their production expansion, and mainstream domestic equipment companies (such as Pioneer Intelligence, Yinghe Technology, Hengyi Energy, etc.) will receive orders from overseas battery companies; 3) In 2022, Chinese lithium battery companies will accelerate their overseas expansion, such as CATL Germany base, Yiwei Lithium Energy Hungary/Malaysia base, BYD Hungary base, etc., driving rapid growth in the domestic lithium battery equipment market.

GGII expects that driven by the continuous expansion of global power and energy storage batteries, the market size of lithium battery production equipment is expected to exceed 150 billion yuan by 2025. In terms of equipment technology development trend, due to the continuous pursuit of product performance and large-scale intelligent manufacturing by power and energy storage batteries, lithium battery production equipment will develop towards the "three highs and five modernizations" trend of high precision, high speed, high stability, integration, unmanned, digital, intelligent, and low-carbon energy-saving.

With the continuous expansion of scale, the technical accuracy and automation level of domestic lithium battery production equipment have significantly improved. At present, domestic manufacturers' lithium battery specialized products have fully achieved import substitution, and some products, such as coating machines, winding machines, and volumetric forming machines, have achieved international leading technical indicators and comprehensive performance.

Source:

Sihan Industrial Research Institute

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