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How a power battery affects the development of NEVS?

As one of the core technologies of NEVs, power battery accounts for over 30% of the cost of NEVs, directly determines the development level and direction of NEVs. In 2020, the installed capacity of NEV batteries in China reached 63.3 GWh, and the market size reached 61.184 billion RMB, gaining support from many governments.

What is China's Power Battery output?

According to the data released by China Automotive Power Battery Industry Innovation Alliance, the total output of power batteries is 70.6Wh, of which ternary batteries have the highest output and the highest percentage (see Fig. 1, Fig. 2, Fig. 3). Fig. 1. China’s power battery output from 2018 to 2020 (unit: GWh, %).

Is the NEV battery industry a new industry?

The development of the battery industry is crucial to the development of the whole NEV industry, and many countries have listed battery technologies as key targets for support at a national strategic level, which means that the NEV battery industry as a new industry has stepped on the stage of the development of this era. .

Why is the demand for NEV batteries increasing?

In recent years, the explosive development of NEVs has led to increasing demand for NEV batteries, which has led to the rapid development of the NEV battery industry, resulting in increasing prices of raw materials manufactured and sold by raw material manufacturers, i.e., the upstream battery industry.

Is there a room for NEVS in the domestic battery industry?

However, readings also show that the domestic battery industry still faces an excess in production capacity, in comparing output with installed capacity, implying a large room for application of NEVs in the country. Meanwhile, another trend is to eliminate batteries that have low energy densities and short driving ranges from the market.

What are the development trends of power batteries?

3. Development trends of power batteries 3.1. Sodium-ion battery (SIB) exhibiting a balanced and extensive global distribu tion. Correspondin gly, the price of related raw materials is low, and the environmental impact is benign. Importantly, both sodium and lithium ions, and –3.05 V, respectively.

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