Lithium Battery Explosion, China Seizes Dominance.lithium batteries for boats

　　Electricity storage technology is the most important support for the new energy industry, and Tesla, which produces the affordable electric vehicle model 3, is now the most eye-catching and actively developing battery technology. Tesla and Panasonic's super factories plan to become emerging industries that create a large number of job opportunities in the United States and are preparing to expand globally. However, in fact, China is the largest battery manufacturing country in the future, and production capacity will far exceed Tesla's super factories.

　　According to reports, the newly built battery factories by Chinese companies will collectively produce at least 120GWh of lithium batteries by the year 2021, which is enough to provide 1.5 million Model S or 1.37 million Toyota Prius plug-in hybrid electric vehicles a year. After the completion of Tesla's super battery factory in 2018, it can produce up to 35GWh of lithium batteries annually.

　　In the past, smartphones, laptops, and other personal electronic devices have already used lithium batteries, but the demand for lithium batteries is only about to explode. Not only are electric vehicles needed, but power companies will also install giant storage systems to store wind and solar energy. Tesla produced nearly 84000 electric vehicles last year and is expected to produce 500000 units in 2018.

　　The Chinese government attaches great importance to the battery industry and is trying to gain market dominance. Currently, about 55% of global lithium battery production comes from China, while the United States only accounts for 10%. By 2021, it is expected that China's market share will grow to 65%. The main driving force is still government policies, and the Chinese government regards the lithium battery industry as an important national strategy for 2020.

　　From a global perspective, the global battery capacity will double from the current 103GWh to 273GWh in 2021, which is a huge business opportunity that China has long been eyeing. Three years ago, Tesla's super factory plan sounded the horn for global battery manufacturing competition, and China made every effort to develop.

　　Tesla plans to announce the location of four additional factories by 2017, one of which will be in Shanghai. Although few Chinese companies can achieve the production scale of Tesla, although China lacks leading battery giants, many small and medium-sized enterprises in China are enough to occupy the market, including dozens such as Ampere Technology and Tianjin Lishen.

　　At the beginning of this year, the Chinese government announced its intention to integrate battery manufacturers and promote mature industrial development. At the same time, the Chinese government plans to put 5 million electric vehicles on highways by 2020. The report believes that the ambitious development of electric vehicles by the Chinese government is mainly due to the increasing pressure of severe pollution in cities such as Baoding, Xingtai, and Shijiazhuang. The second reason is to create a domestic market for Chinese battery manufacturers, and to establish a foothold before they can compete in the global market.

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