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China has become the world's largest lithium battery consumer market for five consecutive years

Issuing time:2022-05-26 10:47

China has become the world's largest lithium battery consumer market for five consecutive years. In 2021, the global lithium-ion battery market reached 545gwh, of which the scale of China's lithium-ion battery market was about 324gwh, accounting for 59.4% of the global market, while the sales volume of Chinese lithium battery enterprises (including export and foreign branches) totaled 382gwh, and the share of Chinese enterprises in the global market reached 70%.

The overall assessment of the development of China's lithium battery industry in 2021 is summarized by high growth, market driven, impact resistance and seasonality:

1. High growth. Since Q4 in 2017, the development index of China's lithium battery industry has shown a steady upward trend as a whole. In 2021q4, the development index of China's lithium battery industry has reached 307.6, an increase of more than three times in three years.

2. Market driven. The development index of China's lithium battery industry is highly positively correlated with the sales volume of new energy vehicles, indicating that the main driving force for the development of lithium battery industry has gradually changed from policy driven around 2017 to market driven.

3. Impact resistance. The COVID-19 has had a certain impact on the development of the lithium battery industry. The 2020q1 index has dropped significantly. From the perspective of volatility, the lithium battery industry has stronger resistance to external environmental impact than new energy vehicles.

4. Seasonality. By year and quarter, the development index of China's lithium battery industry fluctuates seasonally, with a slight decline in the first quarter, a rebound in the second quarter and an acceleration in the third and fourth quarters.


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