TrendForce: it is expected that the installed scale of the global power battery market will exceed that of 3TWh in 2030, with China accounting for about 45%.

CTOnews.com September 14 news, today, TrendForce Jibang Consulting released a report that the installed scale of the global power battery market is expected to move from GWh to TWh by 2024 and surpass 3TWh by 2030. Among them, China's power battery installation is expected to account for about 45% of the world.

The report points out that the top 10 power battery manufacturers in the world, including Ningde Times, LG New Energy, BYD, China New Airlines, Samsung SDI, Panasonic and other mainstream battery manufacturers, have reached 4.2TWh by 2025. Chinese manufacturers account for about 3.1TWh, and the battery capacity expansion speed and scale lead the world.

CTOnews.com learned that TrendForce Jibang Consulting believes that due to the expansion cycle of mineral resources at the front end of the power battery industry chain, the price of lithium-ion battery raw materials represented by lithium carbonate and lithium hydroxide is difficult to decline significantly in the short term, and the pressure to reduce the cost of the battery is still large before 2024.

In addition, the report said that high-priced lithium will also accelerate the large-scale application of sodium-ion battery technology in energy storage and low-speed electric vehicles, as the upstream and downstream enterprises jointly invest more capital in upstream lithium, cobalt and nickel resources. will help to accelerate the alleviation of the tight supply situation on the resource side.