中国锂离子电池月报(中国锂离子电池电子新闻201907)

In H1 2019, the power battery investment and expansion projects in China are still increasing. Large battery enterprises become the main force to expand production, and many automobile enterprises begin to dabble in the field of power battery PACK.

The output of domestic AEVs increased by 60% YoY, leading to a sharp increase in the installed capacity of power battery PACK, of which the proportion of installed vehicles accounted for more than 50%. Affected by the declined subsidies and the intensified market competition, lots of mainframe plants gradually changed the supply mode of power battery PACK from the battery cell factories to the self-supply by automobile enterprises, so as to enhance their own competitiveness and reduce costs.

The total installed capacity of the power battery was about 30.01 GWh, up by 93% YoY, which was unusually high affected by the “installation rush” in June. With the abolition of the Specifications for Automobile Power Battery Industry and the end of the rush, it is expected that the installation data will decline in July.

Key market dynamics:

• On 30 June, 2019, CALB signed the Investment Cooperation Agreement with Xiamen Torch High-Tech Zone Management Committee and Xiamen Jinyuan, to build the 20 GWh/a power battery project in Xiamen.
• On 1 July, 2019, Oxiranchem put the 20,000 t/a of Li-ion battery electrolyte solvent project into production, and the overall operation achieved the desired results.
• On 4 July, 2019, GEM said it intended to raise about USD437 million (RMB3 billion) for the production of ternary battery precursor and other projects.
• On 19 July, 2019, Senior Technology Material and Sunwoda signed the Guarantee Framework Agreement, promising to supply 1 billion m2 of Li-ion battery separator within five years.

The USD/CNY exchange rate in this newsletter is USD1.00=CNY6.8716 on 1 July, 2019, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.Except for special instructions, all prices involved in this period include VAT.

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