China Lithium Battery Trends 2017

- Nov 10, 2016-

According to the report before the twenty-first Century economic news, the Ministry of industry and information technology equipment industry secretary Li Dong said that the country has formulated electric vehicle remote monitoring standards, and the safety conditions of the upcoming implementation of the electric bus. Battery management system technical conditions, the power battery coding, specifications and other standards are being prepared, revised, and also to be introduced as soon as possible. At the same time, is being organized to amend the new energy automobile production enterprises and product access rules, to be greatly increased the company's R & D capabilities and production requirements, improve the performance and safety requirements.          

According to estimates, the "13th Five-Year" period, the domestic demand for lithium batteries for more than 25% years the average growth rate. Judging from the production capacity, the development momentum of the company's lithium battery industry will continue to be extended in 2016, the upstream raw material of lithium batteries will continue to benefit from the growth of lithium battery downstream demand.          

Analysts believe that the current rapid growth in sales of new energy vehicles, but the battery capacity is relatively weak, China huge new energy automotive industry market space in the future, it is bound to boost the battery procurement, lithium battery demand will maintain a rapid growth. And the development of safety standards, is conducive to the healthy development of the lithium battery industry, the industry leader is also expected to benefit from the lead.

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