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The automotive industry is gradually resuming work and production, how is the lithium battery market?

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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【Chemical Machinery and Equipment Network Market Analysis】 According to data recently released by TrendForce, the total global sales of new energy vehicles (including pure electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in the first quarter of 2022 were 2.
004 million units, a year-on-year increase of 80%.

In addition, the quotation of some lithium battery materials has been lowered again in recent days, and the price of upstream raw materials has begun to show signs of
falling.
The price of upstream raw materials such as lithium fell slightly, which also promoted the recovery and expansion
of lithium battery production of battery enterprises.

Up to now, Jiading, one of the production bases of Shanghai Motor, has officially resumed work and production of 126 enterprises, including traditional automobile companies such as SAIC Volkswagen and SAIC Group, as well as new energy vehicles
such as NIO, Pony.
ai, and Reshaping Technology.
With the steady progress of the resumption of work and production in the automotive industry, battery demand has rebounded
to a certain extent.

The rise in demand for new energy vehicles, the decline in upstream raw material prices and the recovery of production and life have brought a new round of development
to the lithium battery market.
Boosted by this, the lithium battery sector has been strengthening for several days, and lithium battery stocks have staged a rise
and fall.

The lithium battery market as a whole is stable and improving, and the industry boom continues
.
It is worth mentioning that according to foreign media reports, in addition to the nickel-cobalt-manganese (NCM) batteries currently used, Ford may launch electric vehicles
equipped with lithium iron phosphate (LFP) batteries.
LFP batteries are less expensive and may be a more environmentally friendly option
.
This battery does not contain cobalt and nickel, has a longer cycle life and better safety
.
Due to the lower energy density, LFP batteries will be used in entry-level versions (with lower range)
on some models.
This brings new thinking to other car companies: lithium iron phosphate batteries may become the main force of lithium battery applications in the future
.
The further promotion and application of lithium batteries has also brought new opportunities
to battery production.

In such a market environment, some insiders predict that by 2030, lithium-ion batteries will still be dominant in the electric vehicle market, and the market size is expected to reach 3 trillion yuan
.
It is not difficult to see that the vitality of the lithium battery market after the resumption of work and production is still there, and the subsequent development of the lithium battery market deserves our continued attention
.

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