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On February 23rd, the Ministry of Industry and Information Technology reported that in 2022, China's lithium-ion battery industry will adhere to supply side structural reform, accelerate technological innovation and transformation and upgrading development, continuously improve the supply capacity of advanced products, and maintain a rapid growth trend overall.

Firstly, the production continues to grow rapidly and the industrial scale continues to expand. According to industry standard announcements, enterprise information, and research institutions' calculations, the national production of lithium-ion batteries reached 750GWh in 2022, a year-on-year increase of over 130%, with the production of energy storage lithium batteries exceeding 100GWh; The production of lithium-ion first-order materials such as positive electrode materials, negative electrode materials, separators, and electrolytes is approximately 1.85 million tons, 1.4 million tons, 13 billion square meters, and 850000 tons, respectively, with a year-on-year growth of over 60%; The industrial scale has further expanded, and the total output value of the industry has exceeded 1.2 trillion yuan.

The second is to accelerate the expansion of industry applications, promoting the acceleration of the dual carbon process. In 2022, lithium-ion batteries accelerated their rise and entered a growth window period in the field of new energy vehicles, as well as in energy storage fields such as wind and solar energy storage, communication energy storage, and household energy storage. In 2022, the total installed capacity of new energy vehicle power batteries in China was about 295GWh, and the cumulative installed growth rate of lithium-ion batteries exceeded 130%. In 2022, the total export value of lithium batteries in China reached 342.65 billion yuan, a year-on-year increase of 86.7%, making positive contributions to the efficient development and utilization of new energy and the green and low-carbon transformation of the global economy and society.

Thirdly, technological progress is accelerating, and advanced products are emerging endlessly. Backbone enterprises are accelerating their layout around efficient system integration and ultra large capacity battery cells, with advanced battery product systems having an energy density exceeding 250GWh/kg; New battery products with flexibility, low temperature resistance, and water resistance have been successfully applied in Winter Olympics equipment; The new generation of information technology is further integrated with new energy storage products, and intelligent liquid cooling technology significantly enhances the thermal management level of energy storage systems, reducing system safety hazards.

The fourth is the high enthusiasm for industry investment and the strengthening of collaborative cooperation throughout the entire chain. According to incomplete statistics, in 2022, there will be only over 40 planned projects in the battery cell sector, with a planned total production capacity exceeding 1.2 TWh and a planned investment of 430 billion yuan. The prices of upstream products fluctuate at high levels, and the prices of lithium-ion secondary materials repeatedly rise and fall. The average prices of battery grade lithium carbonate and battery grade lithium hydroxide (micro powder grade) in 2022 reached 481000 yuan/ton and 464000 yuan/ton, respectively. Lithium battery enterprises strengthen upstream and downstream cooperation in the industrial chain through various forms such as investment and equity participation, signing long-term orders, and joint research.