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

China's cumulative output of power battery will exceed 80gwh 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.