/ AsSOC/August 01, 2022 Guangzhou - Lithium battery and its core materials have seen a surge in market demand under the background of "dual carbon", and the whole industrial chain is accelerating production expansion to cope with the rising market demand. Far East Wisdom Energy Co., LTD. (abbreviation: Far East Stock code: 600869) Intelligent battery industry ushered in a historic development opportunity.
New energy vehicles
With the gradual decline of subsidies, the domestic new energy vehicle market has shifted from policy-driven to C-end consumption. Affected by chip shortage, rising oil prices and other adverse factors, fuel vehicle sales pressure, promote the penetration rate of new energy vehicles continued to increase. In the January-June period of 2022, the cumulative production of electric vehicles reached 2.653 million units, a year-on-year increase of 118.4 percent, accounting for 21.91 percent of the total cumulative production of automobiles.
Orders of various automobile enterprises are sufficient, and the demand for power batteries is strong. According to the data released by China Automotive Power Battery Industry Innovation Alliance, the cumulative output of China's power battery from January to June in 2022 is 206.44GWh, with a year-on-year growth of 176.4%. Among them, the cumulative production of ternary battery was 82.91GWh, accounting for 40.12%, up 125% year on year; The cumulative production of lithium iron phosphate battery was 123.21GWh, accounting for 59.68%, with a year-on-year growth of 226.8%. The association expects total EV sales to reach 5.5 million in 2022 (up from 3.5 million in 2021), with an EV penetration rate of about 20.37% for the whole year. < / p > < p > < b > two rounds of electric vehicles < / b > < / p > < p > because electric two-wheelers "economy, convenience" features, can simultaneously solve city "carriage use high cost", and the villages and towns "public traffic is not developed" pain points, electric two-wheelers consumption partial rigidity. According to iResearch, the cumulative sales volume of two-wheeled electric vehicles in China reached 41 million in 2021, and the sales volume of lithium-ion battery two-wheeled electric vehicles accounted for 23.4%.In 2022, the transition period of "New National Standards" in a large number of cities will end, and the purchase of two-wheeled electric vehicles will usher in a small peak. Under the policy guidance of energy conservation and emission reduction, carbon peaking and green travel, as well as the boost of upstream and downstream development of the industrial chain, the two-wheeled electric vehicle market still has great growth potential. The number of two-wheeled electric vehicles in China is expected to reach 350 million in 2022, and the average two-wheeled electric vehicle sales will reach 57 million in the next two years.
Power tools
With the continuous development of agriculture, construction, road, electrical, machinery and other industries at home and abroad, as well as the downstream users of portable power tools, promote the demand for lithium electric tools continues to grow. In 2020, the penetration rate of lithium electric power tools in cordless electric tools has reached 90%, gradually occupying a dominant position. In 2021, global shipments of lithium batteries for power tools reached 22GWh and are expected to increase to 60GWh in 2026, showing rapid growth. In the future, the supply of lithium electronic batteries in the electric tool market is expected to be further improved.
< b> energy storageThe new energy storage system in our country is now at a key stage to the large-scale development, and all kinds of new measures to support the development of the new energy storage industry have been announced in succession, the installed capacity will keep growing. With the large-scale promotion of distributed energy such as distributed photovoltaic and distributed wind power, the electrochemical energy storage industry will continue to grow and enjoy a promising market prospect, with the cumulative installed capacity expected to reach 7GW in 2022.
According to the calculation of industry research institute, the output of our energy storage battery is about 20GWh during January-April 2022. Everbright Securities research report believes that the output of energy storage battery will exceed 60GWh in 2022, with a year-on-year growth of nearly 100%. Under the condition of high raw material costs, the global energy storage industry is expected to maintain a growth of more than 100% in the whole year. < / p > < p > < b > ", "" the second half of < / b > < / p > < p > far east co smart lithium-ion battery industry battery business to" cylindrical + soft package "for the combination service market. Cylindrical batteries focus on the development of high energy density, medium ratio products, used in energy storage, light vehicles, vacuum cleaners, power tools and other fields. At present, the production capacity of cylindrical lithium batteries is 6GWh, of which 18650 has a production capacity of 4GWh, with a daily output of 1.2 million, and 21700 has a production capacity of 2GWh, with a daily output of 400,000, with 9 types of cylindrical battery products featuring high energy density, high safety, and high rate performance.Soft pack battery focuses on the development of 50Ah-LFP battery, through the construction of composite conductive network, optimization of positive particle size and aluminum foil and other ways to achieve the combination of high multiplier rate, high energy density and long cycle performance, mainly applied to the home energy storage and mobile energy storage market; With a capacity of 1GWh, the company has 6 types of soft-pack lithium-ion battery products (NCM/LFP) featuring low cost, high energy density, high cycle life and fast charge.
Lithium copper foil business mainly 6 micron products, mainly supply Ningde Times and other customers, 4.5 micron high-precision lithium copper foil has passed the Ningde times supply chain system certification. Lithium copper foil production capacity of 15,000 tons, and steadily promote the Far East Yibin intelligent Industrial Park 50,000 tons of high-precision copper foil project.
< /p>< /p>In the future, Far East Smart battery will continue to focus on the top customers of light travel, power tools, small household appliances, high-end digital, household energy storage and other market segments, constantly optimize the customer structure, improve the capacity utilization rate, and continue to improve the quality of operation; Strengthen the international energy storage market and customer development of cylindrical battery power tools; Continue to expand sales of high-margin high-precision lithium copper foil; Comprehensively promote the construction of high-precision lithium copper foil project in Yibin Intelligent Industrial Park in the Far East; Continue to strengthen the copper foil professional talent reserve, continue to invest in high resistance and high elongation copper foil research and development; Continue to improve the internal operation efficiency of Far East, standard the excellent enterprise management mode in the industry, optimize and deepen the cooperative relationship with suppliers, realize the combination of industry and capital, and become a leader in the high-precision lithium copper foil industry.
