Nickel Hydride Batteries company

　　Policies guide the development of high-energy-density battery technology, and high-nickel formation becomes a new trend

　　At present, the price of battery raw materials is rising, and the level of vehicle subsidies is falling. Battery manufacturers are facing dual pressures from upstream and terminal. High-nickel ternary materials have become the best solution. In the future, with the improvement of the yield rate, high-nickel ternary materials are expected to become an effective means for battery manufacturers to control costs and obtain excess returns.

　　Recently, CATL, a power lithium battery unicorn, won a large purchase order of about 4 billion euros from BMW, and plans to invest 240 million euros in Germany to build the largest lithium battery factory in Europe. This is considered to be a symbolic event of China's power battery going global; At the same time, Tesla also announced that it plans to build a super factory in Shanghai with an annual output of 500,000 pure electric vehicles.

　　Going out and bringing in, China's new energy vehicle industry is booming. As a power lithium battery that occupies the main cost of the industry, its technological development will be crucial.

　　1. The growth of new energy vehicles brings explosive demand for power lithium batteries

　　The sales data of new energy vehicles in my country in 2018 is beautiful. The sales volume in June was 84,000, a year-on-year increase of 42.9%. From January to June, a total of 412,000 new energy vehicles were sold, with a year-on-year growth rate of 111.5%.

　　As more and more countries promote energy transformation, traditional internal combustion vehicles will withdraw from the stage of history. Many countries have issued a timetable for banning the sale of fuel vehicles. The Netherlands and Norway will ban sales in 2025, Germany will ban sales in 2030, and the United Kingdom and France will ban sales in 2040. sale. The increase of new energy vehicles will drive the explosive growth of power batteries. It is estimated that the compound growth rate will reach 31% in 2018-2020 and 44% in 2016-2020.

　　2. Policy guides the development of high energy density battery technology

　　In order to speed up the elimination of backward low-energy-density technologies, my country's new energy subsidy policy is clearly oriented towards high-energy-density batteries, and 120Wh/kg is an important watershed. In the future, the ternary technology route with high energy density will become a development trend.

　　3. High-nickel ternary batteries have obvious advantages

　　At present, the energy density of lithium iron phosphate batteries is at the level of 150Wh/kg, the energy density of ordinary ternary lithium batteries NCM523 and NCM622 is at the level of 160Wh/kg, and the future energy density of high-nickel ternary lithium batteries represented by NCM811 will reach More than 300Wh/kg.

　　Considering that cobalt is an important raw material for the positive electrode material of ternary batteries, its price rose rapidly in 2017, from $15 per pound at the beginning of the year to $35.5 per pound at the end of the year, an increase of 145%; The momentum didn't stop.

　　High-nickel ternary materials reduce the amount of cobalt while ensuring an increase in energy density: the amount of cobalt used in NCM523 and NCM622 is 0.20kg/kwh, and the proportion of cobalt is about 12%; while the amount of cobalt used in NCM811 is only 0.091kg/kwh kwh, the proportion of cobalt dropped rapidly to 6.06%.

　　4. High-nickel ternary battery has become the best solution for battery manufacturers

　　At present, the quotation of NCM811 is about 240,000 yuan/ton, which is higher than the level of NCM523 power battery which is quoted at 210,000-215,000 yuan/ton, which is about 25,000-30,000/ton. Considering the reduction of cobalt consumption, The cost of NCM811 is about 14,000/ton lower than that of 523, and the gross profit per ton will increase by 39,000-44,000.

　　Therefore, the current price of battery raw materials is rising, and the level of vehicle subsidies is falling. Battery manufacturers are facing dual pressures from upstream and terminal. High-nickel ternary materials have become the best solution. In the future, with the improvement of the yield rate, high-nickel ternary materials are expected to become an effective means for battery manufacturers to control costs and obtain excess returns.

　　Therefore, under the trend of developing high energy density, under the dual pressure of rising product raw materials and falling downstream subsidies, high-nickel ternary cathode materials have become the best solution at present, and the high-tech threshold and the improvement of premium capabilities will reshape the Power lithium battery industry pattern.