Analysis on market situation and competition pattern of China's power battery industry in 2020

In December 2020, China's power battery output was 15.1gwh, with a year-on-year growth of 143.9% and a month on month growth of 18.9%. The output of ternary battery is 8. 5gwh, accounting for 56.1% of the total output, with a year-on-year growth of 76% and a month on month growth of 16.6%; the output of lithium iron phosphate battery was 6.5gwh, accounting for 43.1% of the total output, with a year-on-year growth of 452.2% and a month on month growth of 20.6%.

From January to December 2020, China's cumulative output of power batteries will reach 83.4gwh, a cumulative decrease of 2.3%. Among them, the cumulative output of ternary battery reached 48.5gwh, accounting for 58.1% of the total output, with a cumulative decrease of 12%; the cumulative output of LiFePO4 battery reached 34.6gwh, accounting for 41.4% of the total output, with a cumulative increase of 24.7%.

In December 2020, China's power battery loading capacity will be 13gwh, with a year-on-year growth of 33.4% and a month on month growth of 22%, showing a significant growth. Among them, the loading capacity of Sanyuan battery was 6gwh, with a year-on-year growth of 24.9% and a month on month growth. 2%; the loading capacity of LiFePO4 battery was 6.9gwh, with a year-on-year growth of 45.5% and a month on month growth of 46%.

From January to December 2020, China's power battery loading volume will reach 63.6gwh, a cumulative growth of 2.3%. Among them, the cumulative loading capacity of ternary battery reached 38.9gwh, accounting for 61.1% of the total loading capacity, with a cumulative decrease of 4.1%; the cumulative loading capacity of lithium iron phosphate battery reached 24.4gwh, accounting for 38.3% of the total loading capacity, with a cumulative increase of 20.6%. It is the main product that drives the overall year-on-year increase of loading capacity.

From January to December in 2020, a total of 72 power battery enterprises in China's new energy vehicle market realized the loading support, 3 less than the same period last year. The loading capacity of the top 3, 5 and 10 power battery enterprises was 45.4gwh, 52.3gwh and 58.4gwh respectively, accounting for 71.3%, 82.1% and 91.8% of the total installed capacity.