The lithium battery industry is still considerable in the long run, but the impact will show a downward trend in 2020

Thirty years ago, lithium-ion batteries were still powering Sony camcorders; thirty years later, lithium-ion batteries can now drive popular Tesla electric cars. However, this year's special market environment has led to many uncertainties in the demand for lithium batteries in many industries.　　The short-term pressure of the lithium battery industry and the possible demand in the medium to long-term 　　As the special market environment in 2020 will have a major impact on the car industry, the sales of electric cars will decline, and the industry's demand for rechargeable batteries will also decline for the first time this year.　　 Major battery manufacturers including South Korea’s LG Chem have lowered their annual sales forecasts. Analysts estimate that the power battery industry's original plan to substantially expand production will slow down.　　 However, the difficulty is temporary. From battery manufacturers to car manufacturers, people are still optimistic about the long-term prospects of lithium-ion batteries. Zeng Yuqun, chairman of Ningde era, stated, 'In the long run, we are full of confidence. 'According to Bloomberg News, CATL's sales surged 90% in 2019. On June 16, Volkswagen also indicated that it has invested an additional US$200 million in QuantumScape, a spin-off company that develops solid-state batteries at Stanford University. In May, Volkswagen also became the largest shareholder of Chinese battery manufacturer Guoxuan Hi-Tech.　　 In response to the crisis, some countries (including Germany and France) have introduced a series of measures to help the car industry accelerate its shift to electrification. France will provide about 8 billion euros (about 9 billion US dollars) to its car industry to strengthen its support for electric cars; Germany’s economic impact plan includes funding of 5.6 billion euros for the car industry and requires gas stations to install electric car charging facilities . Encouraging the development of electric cars has also affected the demand for batteries to a certain extent. Since 2015, the demand for lithium-ion batteries has more than doubled. From last year to 2020, the demand for lithium-ion batteries will still increase by about 9 times.　　 Battery manufacturing costs will be reduced, and newer technologies will greatly increase battery life.　　Battery manufacturers have also achieved rapid development in key areas such as battery life. Ningde Times recently announced that it will soon start producing batteries that can run 2 million kilometers (1.2 million miles) or last for about 16 years. This feature will be far ahead of all batteries on the market. The warranty period of these batteries is usually 15 Ten thousand miles.　　Batteries are still expected to become more powerful, cheaper and more popular in the fields of passenger cars and other vehicle transportation methods, consumer electronics and large-scale power storage. More advanced battery technology and the rapid growth of battery production capacity have now caused the price of lithium-ion batteries to plummet, from more than $1,000 per kilowatt hour to $156 at the end of 2019. By 2024, the average price of batteries should reach US$100/kWh, which will make the price of electric vehicles equal to that of diesel vehicles. By 2030, the cost of batteries may fall further. Tesla stated in a report on June 8 that internal combustion engine cars generally travel about 200,000 miles before they are scrapped in the United States. This means that longer-life battery packs can significantly extend the life of the car, especially for For taxis and trucks. More importantly, consumers can resell millions of miles of batteries to deploy them on a second car and then offset part of the original purchase price.　　Tesla and GM are now also developing million-mile batteries, but neither company has made it clear when they will be ready. Doug Parks, executive vice president of GM Cars, stated that the company has almost done this in terms of extending battery life.　　Battery technology is more advanced and longer battery life　　Each battery has three key components: two electrodes (cathode and anode) and an electrolyte (usually liquid, allowing the battery to charge and discharge). One technology that needs to be broken now is to replace graphite with silicon in the anode of the battery. California startup Sila Nanotechnology shows that silicon materials can help batteries extend the battery life of a single charge by at least 20%.　　 This technology will be primarily applied to consumer devices that will be launched next year, and may be applied to some super sports cars or luxury cars as early as around 2023, and then it will be applied to most mainstream cars.　　Before 2030, another important development may be accomplished through the commercialization of solid-state batteries. The solid-state battery pack occupies a smaller space and can be more dense. It can also reduce the risk of safety accidents while increasing the cruising range. The leader in solid-state battery technology, Toyota Sedan, indicated that the company is expected to complete the commercialization of solid-state batteries by 2025. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: How do lithium battery manufacturers view the energy storage value of lithium iron phosphate batteries and the return of power lithium iron batteries?