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The TWh Era May Come Ahead of Time

2021-07-26

In order to achieve the "dual carbon" goal as soon as possible, the current domestic electrification speed has been greatly accelerated, and the power battery Twh (terawatt hour) era may come ahead of schedule. In this context, various battery companies are either busy expanding or strengthening their relationships with upstream material companies, and even strengthen the protection of patented technologies through litigation to welcome the TWh era.

EV car TWh Era

Personnel from related battery companies revealed that the industry has entered a period of rapid development. Rapidly expanding production capacity and strengthening in-depth cooperation with upstream and downstream companies have become a must for companies to participate in this competition. Each company can be said to have their own magical powers.

As the two main application areas of power batteries, the new energy vehicles and energy storage markets both ushered in rapid growth this year, driving a significant increase in battery demand.

According to the latest data released by the Ministry of Industry and Information Technology, from January to June this year, the production and sales of new energy vehicles in my country reached 1.215 million and 1.206 million, respectively, a two-fold increase over the same period last year. The explosive growth of new energy vehicles has also led to a substantial increase in battery production. According to data released by the China Automotive Power Battery Industry Innovation Alliance, my country`s cumulative power battery output from January to June was 74.7 GWh (GWh), an increase of 217.5% year-on-year.

EV car TWh Era 2

As the key to building a new electrification system with new energy as the main body, energy storage projects are also accelerating. In recent months, the largest single-scale grid-side stand-alone electrochemical energy storage power station in China-Ningde Xiapu Energy Storage Project, State Grid Times Huadian Datong 300MW/600MWh Energy Storage Project has started construction successively. Energy storage The battery market demand opened rapidly.

It is optimistic that the penetration rate of new energy vehicles will be close to 20% in 2025, domestic sales are expected to exceed 6 million, and global sales will reach 18 million. Lithium battery shipments will enter the TWh era.

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