In November 2023, 1054664 electric vehicles were produced in the Chinese market, a year-on-year increase of 5027%。Among them, 653459 passenger cars produced EV cars, accounting for 61%.96%, up 3085%。Compared to November 2022, EVs in November 2023 decreased year-on-year, while the rest of the vehicle types showed different ranges**. From January to November 2023, a total of 8121910 electric vehicles (including fuel vehicles) were produced in the Chinese market, achieving an installed capacity of 34237GWh, of which 111 ternary batteries are installed85GWh, lithium iron phosphate battery installed capacity 23004gwh。
In November 2023, the installed capacity of lithium battery will be 4445gwhA year-on-year increase of 2823%
According to the data of True Lithium Research, the number of lithium batteries in China's electric vehicle market in November 2023 was 4445GWh, up 2823%。By segment, EV passenger cars remained the largest segment, with 31 installed units in November71GWh, up 1771%, accounting for 7134%, PHEV passenger cars accounted for 1972%。Judging from the installed capacity in November, the installed capacity of power batteries increased year-on-year and month-on-month, and the slowdown in growth has become the norm, and the trend of destocking continues. Since the fourth quarter, it is not uncommon for power batteries and energy storage batteries to be sold at lower prices, which also confirms the high inventory rate and the demand of enterprises to rush to collect payments. Lithium carbonate as an important resource material for lithium batteries, its 2023 trend also reflects the development of the lithium battery market from the side, and the oversupply of lithium carbonate market in 2024 may be a foregone conclusion, and low-grade lepidolite enterprises will be the first to stop production, which will also bring certain benefits to the cost control of power batteries.
In November 2023, the installed capacity of electric vehicles increased by 12 month-on-month5%。From the point of view of market segments,In November 2023, compared with October 2023, plug-in hybrid passenger cars of all vehicle types decreased month-on-month, while the rest of the models showed a month-on-month increase**. It is worth noting that the U.S. market is also showing weakness, with growth seriously falling short of expectations, which brings negative sentiment to the global development of electric vehicles.
Judging from the installed capacity of various types of lithium batteries,In November 2023, the ternary battery (NCM) installed capacity was 1550GWh, accounting for 3488%, mainly used in the field of passenger cars. Lithium iron phosphate battery (LFP) will achieve an installed capacity of 28 in November 202394GWh, accounting for 6511%, continuing the dominance of the market. Judging from the installed capacity in November, the market continued its moderate growth trend.
Judging from the installed capacity of lithium batteries of various shapes,In November 2023, the prismatic battery installed capacity will be 4091GWh, accounting for 92 percent of the ** machine volume in November02%。Pouch battery installed 199GWh, accounting for 448%, cylindrical battery installed capacity 155GWh, accounting for 350%, compared with October 2023, the proportion of pouch and cylindrical batteries has increased.
Judging from the situation of the battery cell factoryIn November 2023, a total of 37 battery cell manufacturers will achieve installed capacity. Among them, the top 10 battery cell manufacturers with the largest installed capacity of power batteries have a total installed capacity of 4325GWh, accounting for 9726%。According to the statistics of True Lithium Research, in November 2023, CATL (including Times SAIC), which ranked first in the installed capacity of power batteries, achieved an installed capacity of 1930GWh, accounting for 4340%。BYD, which ranked second, achieved an installed capacity of 1138GWh, accounting for 2559%, which is basically lithium iron and lithium batteries, and the strong sales of BYD cars in 2023 are enough to support the further increase in its installed capacity. The third and fourth places are China Innovation Aviation and Guoxuan Hi-Tech, and the competition among the second-echelon power battery companies is becoming more and more fierce. The total installed capacity of the top four companies accounted for 8231%。
From the overall situation of the power battery installed market,The installed capacity of lithium iron phosphate batteries among the top 10 battery cell manufacturers accounts for 96% of the total installed capacity of lithium iron phosphate batteries95%, the installed capacity of ternary batteries accounts for 97% of the total installed capacity of ternary batteries89%。
Compared with the installed capacity in October 2023, among the top 10 list of battery cell manufacturers in November 2023, the rankings of China Innovation Airlines, LG Chemical, Funeng, and Tafel have risen, while the rankings of Guoxuan Hi-Tech, Honeycomb, EVE Lithium Energy, and Xinwangda have declined, and the competition among battery factories is becoming more and more fierce, and the trend of concentration of head enterprises is still obvious.
It is worth noting that Jiewei Power issued a "Notice of the Company's Suspension of Work and Production, Employee Holidays and Training", saying that it was affected by objective factors such as the market and the upstream and downstream industrial chains, and decided to suspend work and production, which attracted the attention of the industry. Since the beginning of this year, several major battery manufacturers have stopped production or reduced their scale. At present, there is a phenomenon of blind expansion of production capacity in China's battery industry, and the overall phenomenon of "many, scattered, chaotic and poor" is presented, but overcapacity is more of a structural overcapacity, that is, it is facing the problem of insufficient high-end capacity and indigestible low-end overcapacity, and excellent products are always in short supply, and the direction of power battery breakthrough can only be to make technological breakthroughs and supply of high-quality products.
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