Battery cell price will increase rapidly in 3Q18
Chinese battery cell will lead to the increase the market share of polymer battery
Cylindrical and prismatic batteries will eventually become marginalized
Resistor price will start to increase in 3Q18
Toyota will raise the rate of EV vehicles
Chinese power battery market development (new energy vehicle and energy storage)
Cathode Material Market
High voltage and high nickel will be two mainstreams of high energy density
China will focus on high voltage materials in short term
High nickel system reduces cost but increases safety risk
Cobalt will be hard to depart from seller’s quotation mechanism in the short term
Rigid demand will prompt China to expand lithium material development
In 1Q18, the supplies of cylindrical battery and prismatic battery remain tight. Yet, SDI has cancelled the suspension of production and decided to supply prismatic battery in 2018, alleviating the tight supply situation for prismatic battery. The tight supply of cylindrical battery in 2018 will continue to happen.
Cobalt price has surged, making LCO cell prices in 2Q18 rise massively. Due to the tight supply, the increase of cylindrical battery price will surpass 10%. Thus, the MNC battery combined lithium and cobalt materials will start to enter the market in 4Q18.
If the material price keeps increasing, in 4Q18, battery cell price will reflect the material cost again.
Tesla will increase energy density and reduce cobalt usage amount by enlarging battery cell volume and changing material percentage.
With the current battery technology, when the penetration rate of new energy passenger vehicle reaches 15%, cobalt will be in short supply.
The cost-effectiveness of energy storage battery for frequency offset will be higher than the general power adjustment (LL).
China’s release of standard specifications and recycle standard for lithium battery cell and battery pack may help the reuse of lithium battery life cycle.
Cylindrical Battery's Supply & Demand Status in IT & Power Sectors
Korea & Japan's Leading Battery Capacity Dynamics
Battery Cell Price Trend
Features of Power Battery
Performance and Trend for Power batteries
China (Shanghai) International Battery Industry Fair- Rapid Charging and the Development of Its Accessories Industry