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New energy vehicle sales surge, lithium battery industry grows rapidly in the first half of the year, negative electrode material related companies actively expand production capacity
Securities Daily Network The Voice of Securities Daily
Text | Xiao Yanqing
On the evening of June 27,YichengxinnengAnnouncement Recently, the company and the Xichuan County People’s Government signed the “Cooperation Framework Agreement on the Project of Lithium-ion Battery Anode Materials with an Annual Output of 30,000 tons”. The project plans to invest 750 million yuan in order to rapidly expand and strengthen the high-end anode material industry and better meet the needs of the new The energy industry has strong demand for anode materials.
The lithium battery industry has benefited from the rapid development of automotive electrification, which has driven the rapid growth of demand for lithium battery anode materials, and the market space is huge. In the first half of this year, domestic large and small related anode material companies have successively expanded production capacity.
Lithium batteries lead the rapid growth of anode materials
According to statistics from the Advanced Industrial Research Institute (GGII), China’s lithium battery shipments will be 143GWh in 2020, a year-on-year increase of 22%. In 2021, China’s lithium battery shipments are expected to reach 229GWh, and the year-on-year growth rate is expected to exceed 60%. China’s lithium battery market shipments are expected to reach 611GWh in 2025, with a compound growth rate of over 25% from 2021 to 2025.
As an important part of lithium batteries, anode materials are also in a state of rapid growth. According to the Xinli Lithium Battery Database, the domestic anode material output reached 53,500 tons in May this year, a year-on-year increase of 129.2% and a month-on-month increase of 1.0%. From January to May, the total domestic output of anode materials was 245,700 tons, a year-on-year increase of 137.3%.
“The huge increase in the demand for negative electrode materials for lithium batteries has benefited from the surge in sales of new energy electric vehicles, coupled with the stimulus of various new car-making forces and Internet cross-border car-making, lithium battery raw and auxiliary materials companies continue to expand production or build new scales. Following this, low-carbon travel with accelerated electrification of fuel vehicles will become the new normal, which will provide companies including lithium battery raw and auxiliary materials with a broad market space and huge application scenarios.” Beijing Teyi Sunshine New Energy President told “Securities Daily” reporter.
Essence Securities Research Report stated: The Central Economic Work Conference clearly stated that carbon peaking and carbon neutrality will be one of the eight key tasks in 2021; overseas, many European and American countries will also be between 2030 and 2040. The sale of fuel vehicles has been banned one after another. The future development of the new energy vehicle market has huge potential and is expected to drive the rapid development of the power battery and material industry.
The Research Department of the Power Battery Application Branch predicts that by 2025, only domestic power battery demand will reach 310GWh, and the corresponding demand for negative electrode materials will reach 260,000 tons.
Related companies have expanded production
In fact, in the first half of this year,Putailai、Shanshan sharesBetteri,Xiangfenghua, Kaijin Energy and other leading companies in lithium battery anode materials are busy expanding production capacity.
Related companies have successively expanded their production capacity. Will there be any hidden dangers of overcapacity in anode materials in the future?Centaline SecuritiesThe head of the research institute Mou Guohong told a reporter from the Securities Daily: “Generally speaking, lithium battery applications can be divided into consumer, power and energy storage lithium-ion batteries. Affected by the high growth of global new energy vehicles, power lithium-ion batteries Batteries have become the core increment of lithium batteries, and the market share has exceeded 50%. As one of the four key raw materials for lithium-ion batteries, anode materials have received widespread attention, and domestic and foreign anode material companies have substantially expanded their production capacity, such as increasing production capacity to exceed the market Demand does not rule out the problem of local overcapacity in the anode material industry.”
Hu Qimu, chief researcher of the China Steel Economic Research Institute, told reporters: “The excess capacity of anode materials will be structural. Overcapacity of low-end and insufficient supply of high-end products coexist, and the overall capacity utilization rate of the industry is not high. With the upgrading of industrial demand in the future On the one hand, the technological advantages of leading enterprises in the industry will be further highlighted, and low-end production capacity will be gradually eliminated by the market. This objectively helps optimize the industry’s production capacity structure.”
Challenges and opportunities coexist
In the wave of the development of the lithium battery industry, companies related to anode materials are facing major development opportunities and have expanded their production capacity to seek development, but there are also many challenges.
Hu Qimu believes that under the background of “dual carbon”, my country’s energy supply structure and consumption structure will undergo major adjustments. This objectively brings about the continuous expansion of industry demand, including new energy vehicles, and the support of industrial policies. Anode material manufacturers are facing an important historical opportunity. However, the current situation of the industry is that the industry is highly concentrated, leading companies have strong R&D and capital advantages, industry costs are transparent, and technology has a trend of homogenization. In this case, the expansion of the demand side is more favorable for those with first-mover advantages. Leading enterprise. However, from an industry perspective, high-end anode material products cannot meet the development needs of the industry in terms of technology or commercialization. In addition, we are also facing competition from overseas giants. Therefore, anode material manufacturers have made technological breakthroughs and optimized product structure upgrades. Imminent.
Regarding the technological breakthrough of anode materials, Xuan Jiyou, director of investment research of Qianmen Assets, told the reporter of Securities Daily: “The research and development of battery anode materials is a relatively big challenge. It is still in the passive research and development stage. If companies can increase R&D investment It will be a good breakthrough to develop high-quality anode materials that can increase capacity and conduction efficiency, and reduce temperature. It will also be a subversion for the entire electronics industry.”
“Combined with the development trend of the industry, the overall development trend of anode materials is to reduce costs and increase efficiency, that is, on the one hand, the energy density needs to be continuously increased, and the cost needs to be continuously reduced, and it must be matched with the positive electrode, separator and electrolytic liquid. For this reason, the negative electrode material industry The challenge is to develop the most cost-effective materials for the needs of different fields, and to match the battery design and other materials. As the growth of new energy vehicles is expected, the biggest opportunity for anode materials lies in the anode materials for power batteries, and the challenge lies in power batteries on the one hand. Under the pressure of enterprises to continuously reduce costs and increase efficiency, they should balance product research and development, product system design, downstream customers, and enterprise expansion; followed by excess low-end production capacity, while high-end effective production capacity is insufficient.” Mou Guohong said.
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