日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Raw material costs push up market price of power batteries

By CAO YINGYING | China Daily | Updated: 2021-11-01 09:33
Share
Share - WeChat
China's largest battery supplier CATL showcases its products at a global exhibition held in Shanghai in June. [Photo provided to China Daily]

Chinese battery suppliers are raising prices as a result of the surging demand for new energy vehicles and a continuous rise in raw material prices.

Last week, Chinese electric vehicle and battery maker BYD reportedly it will raise battery prices by at least 20 percent, effective from Nov 1.

China's second-largest battery supplier said in a statement that the price increase is due to market turbulence, several regions have imposed curbs on industrial output and electricity usage, and a substantial increase in the production cost of lithium.

Compared with last December, the prices of lithium cobalt oxide for cathode materials-key to producing EV batteries-rose more than twice and electrolytes up by more than 150 percent. Including a supply shortage of anode materials, the costs of BYD significantly increased.

Data released earlier this month by the China Automotive Battery Innovation Alliance showed that BYD's installed power battery capacity in China was 14.73 gigawatt-hours over the first three quarters of this year, with a 16 percent market share. It followed China's largest battery supplier, CATL, with 46.79 GWh of installed capacity in the same period.

BYD is not the only company to raise battery prices. In October, Ganfeng Lithium issued a price adjustment notice that the unit price of the company's full range of metal lithium products is increasing by 100,000 yuan ($15,500) per metric ton from November.

Gotion High-tech, Guangzhou Great Power Energy and Technology Company, Far East Battery and many other battery suppliers have posted similar notices recently.

Roy Lu, a senior industry analyst, said the price rise will narrow NEV profitability and lead to a risk of battery supply suspension for lower-priority car companies. This will affect the manufacturing and delivery of new cars. Some NEV companies may raise vehicle prices, which could affect sales.

"While price increases can ease current earnings pressure, it can also affect customer relationships and businesses," Lu said.

He forecast that the prices of raw materials will still show an upward trend until the first half of 2022 and price adjustments may become common during this period. However, raw material supplies and prices will be eased by the second half of 2022 and the prices of batteries will fall back, he predicted.

Yang Hongxin, president of Svolt Energy, said in August that there is no way to deal with the raw material price increase in the short term, which is led by market behaviors. The capacity gap in power batteries is around 30-50 percent.

Yang predicted that power battery capacity will be in short supply until 2025.

With surging demand for NEVs, a high battery manufacturing capacity is required. In May, the International Energy Agency said in a report that by 2030, global lithium and cobalt supply could meet only half of their forecast demands. Copper production could fall 25 percent short of consumption levels.

BloombergNEF forecast that global lithium consumption will grow fivefold by end of this decade.

Supplies are expected to be so tight that it is sparking a wave of deal-making. A number of lithium miners are among acquisitions announced in recent months. They include CATL, which in September agreed to acquire Canada's Millennial Lithium Corp in an all-stock cash deal worth $302.33 million to help the battery giant secure key resources for its long-term development of NEVs.

On Oct 20, Ganfeng Lithium announced its acquisition of 8.58 percent of shares in Litio Minera Argentina from International Lithium Corp through its wholly-owned subsidiary Ganfeng Lithium Netherlands for $13.17 million.

Zijin Mining, one of China's biggest gold and copper producers, announced earlier this month it would buy Canada's Neo Lithium Corp for 4.94 billion yuan, as part of its efforts to expand mining resources abroad.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩成人av网站 | 日韩一级片在线观看 | 毛片一区二区三区四区 | 国产精品视频在线播放 | 九九久久精品 | 国产大片免费天天看 | 国产精品91视频 | 国产福利视频一区 | 91久久青青草原免费 | av在线官网 | 日本三级韩国三级香港三级a级 | 来个毛片| 欧美日韩一区二区综合在线视频 | 色精品| v片在线播放 | 成年免费视频 | 拍拍拍无挡免费视频网站 | 伊人久久国产精品 | 亚洲国产日韩欧美在线 | 欧美韩国日本一区 | 美女高潮网站 | 福利精品 | 午夜社区 | www.久| 韩国资源视频一区二区三区 | 久久久久毛片免费观看 | 四色永久 | 成年人黄网站 | 日韩成人免费av | 色播基地 | 精品国产欧美一区二区 | 国产日韩一区二区 | 久久久久久久久久久9精品视频 | 日韩av免费 | 九久精品| 日韩欧美在线视频 | 日本精品久久久久久久久免费 | 亚洲精品一区二区三区在线 | 日本高清www午色夜黄 | 欧美精品一区三区 | 欧美成人一级片 |