In the context of the booming development of new energy vehicles, 2.2 million electric vehicles were sold globally in 2019, an increase of 14.5% year on year, accounting for 2.5% of the total vehicle sales. Meanwhile, in terms of new energy vehicle sales, BYD is ranked second by Tesla. In 19 years, Tesla sold 367820 electric vehicles, ranking first in the world, accounting for 16.6% of the global total.
China is the world’s largest producer and seller of new energy vehicles. In 2019, China reduced subsidies for new energy vehicles. The sales volume of new energy vehicles was 1.206 million, down 4% year-on-year, accounting for 4.68% of the global total. Among them, there are about 972000 electric vehicles and 232000 plug-in hybrid vehicles.
The vigorous development of global new energy vehicles has promoted the development of the lithium-ion battery industry. The shipment volume of lithium-ion battery increased by 16.6% compared with the previous year, to 116.6gwh in 2019.
In 2019, 62.28gwh lithium batteries were installed in China, up 9.3% year on year. Assuming that the output of new energy vehicles will be 5.9 million in 2025, the demand for power batteries will reach 330.6gwh, and the CAGR will increase by 32.1% from 62.28gwh in 2019.
Post time: Jul-09-2020