Exploring the upgrades of the power battery industry

　　China's power battery market concentration has increased year by year. Behind the increase in concentration is the substantial growth of the entire market. In 2016, China's power battery shipments reached 27.8GWh, an increase of nearly 80% year-on-year. Among them, the proportion of passenger cars, passenger cars and logistics vehicles accounted for 56%, 32% and 12% respectively, passenger cars are still a large application market, but the proportion of passenger cars is rapidly increasing. In terms of battery type, the proportion of lithium iron phosphate battery is still more than 70% due to its dominant position in the passenger car field. The high energy density ternary battery has obvious advantages in the field of passenger cars and logistics vehicles, with shipments of nearly 6GWh. The penetration rate is about 20%.
　　According to the statistics of the China Chemical and Physical Power Industry Association, China has become an active region for the development of lithium batteries worldwide. In 2016, China's demand for power lithium batteries reached 60.5 billion yuan, a year-on-year increase of 65.8%. It is expected that this demand will be five times that of 2015 in 2020. This is a huge market. Inevitably, this market has become an important territory for capital chasing. The reshuffle and reconstruction of the power battery industry is still active.
　　Old-fashioned lithium-ion battery manufacturers have invested in expansion of production capacity, and listed companies have invested heavily in building factories, and there is no shortage of automakers such as Volkswagen, Toyota, and Beiqi. It is reported that BYD's proud power battery module will be supplied to other car companies, which means that the vehicle company has upgraded its battery business status as a separate segment facing the market.
　　After the policy subsidy has subsided, the return period of the car enterprises is longer, and the pressure on the power battery companies is greater. More speculative capital seizes the power battery capacity through simple merger and reorganization, resulting in large changes in battery manufacturers and difficulties in technology. Effective accumulation. Wang Binggang, member of the Academic Committee of China Electric Vehicles 100-members and the expert group of the National New Energy Vehicle Technology Innovation Project, believes that the power battery industry is developing rapidly in the Chinese market, but the technology is not leading, the investment is too scattered, and there are still a lot of low levels. 　　Small-scale battery factory.
　　On the one hand, it is a highly concentrated echelon enterprise that has a large demand; on the one hand, it is a chaotic and backward second echelon enterprise, and its technical level is low, which makes it difficult for the entire industry to form a technically benign competition. At the same time, it also leads to a structural excess.