Lithium ion battery gains again in two-wheeler battery market

Lithium - ion battery gains again in two wheeler battery market!

Compared with the overwhelming popularity of electric vehicles, electric two-wheeled vehicles seem to be less “concerned”.

But it is not the truth. According to statistics from iResearch, in 2020, China’s electric two-wheeler market will reach 104.6 billion RMB. The contribution to the growth of electric two-wheelers from 2021 to 2023 will mainly come from the increase in sales generated by the replacement of the new national standard. Electric two-wheelers are expected to be in 2022. The market scale can reach 144.3 billion RMB.

At the same time, as the transition period of the “New National Standard” approaches in various places, starting from 2021, about 250 million two-wheeled electric vehicles exceeding the standard will face replacement.

The transition period introduced in various places is mainly concentrated between 2021 and 2023. After the transition period, all over-standard vehicles will not be allowed to drive on the road, which means that most of the replacement targets of the stock will be completed within three years.

It can be seen that the electric two-wheeled vehicle has ushered in a new opportunities and has become a new 100 billion-level blue ocean market.

Strive to create a 100 billion new energy electric vehicle base

However, for two-wheeled vehicle travel, a market with high frequency, large user base and expected increase, the current proportion of lithium battery is less than 5%, and the road to lithium battery has a long way to go.

Lithium ion two wheeler battery market

Based on the new national standard, market, cost-effective and other multi-wheel drive, the speed of two-wheel electric vehicles lead to lithium is accelerated, and the export of shared electric bicycles and electric two-wheeled vehicles has higher demand for lithium batteries, and the penetration rate of lithium batteries in the two-wheeled vehicle market will be rising year by year, and power lithium batteries are currently accelerating to leverage this huge market.

On December 14, CCTV’s financial and media event “Hundred Years and Hundred Cities” entered Guigang, Guangxi. According to reports, in recent years, Guigang’s new energy electric vehicle industry has made considerable progress.

Up to now, China-ASEAN new energy electric vehicle production bases have signed contracts to introduce nearly 100 electric vehicle companies, and more than 50 have been completed and put into production. Emma, Tailing, Luyuan, Opal, Lima and other companies have successively settled in, forming an annual production capacity of 4 million two-wheeled electric vehicles, 500,000 three-wheeled electric vehicles, and 5 million sets of parts.

The local supporting rate has reached 80%, a relatively complete industrial chain has been established. Key components such as motors and plastic parts are sold nationwide and exported to ASEAN countries, creating the brand of “Good Tram Made in Guigang”.

It is estimated that in 2021, the output of new energy electric vehicles in Guigang City will be 2.6 million, the total output value of above-scale is 6 billion RMB, the total output value of the entire industry chain will exceed 10 billion RMB, and the tax revenue will be about 120 million RMB.

At the same time, Guigang City is focusing on the goal of accelerating the construction of the core port city and strategic emerging industrial city in the Pearl River-Xijiang Economic Belt, vigorously cultivate new energy (intelligent) vehicles and electric vehicle industry clusters, and strive to build an influential 100 billion yuan new energy (intelligent) vehicle and electric vehicle manufacturing base in the country.

The rapid development of the lithium battery market for two wheeler

Lithium ion two wheeler batter

According to data jointly released by the research institute EVTank and the Yiwei Economic Research Institute, China’s overall output of electric two-wheelers in 2020 will be 48.34 million, a year-on-year increase of 27.2%, and the cumulative social ownership has reached 340 million.

In 2021, it is a foregone conclusion that the output of Chinese car electric two-wheelers will maintain rapid development. Because the five companies with the largest market share in the electric two-wheeler industry, Yadea, Emma, Xinri, Tailing, and Xiaodao have set their sales or production targets for 2021 at the beginning of this year.

Yadea’s sales target is 16 million vehicles, Emma’s sales target is 16 million to 18 million vehicles, Tailing’s sales target is guaranteed 8 million vehicles, the target is 10 million, and Xiaodao’s sales target is 10.01 million. The Xinri, which did not specifically disclose the sales target, also pointed out that its production capacity layout in 2021 will be 10 million vehicles.

This is only the estimated sales volume of electric two-wheeler head enterprise in 2021. If the sales of other companies such as Luyuan, Golden Arrow, Lima, and Xinlei are added, the overall sales of China’s electric two-wheeler companies in 2021 are expected to double compared to 2020!

Correspondingly, the demand for lithium batteries for electric two-wheelers will also double!

Seize the 100 billion level market

Lithium ion two wheeler battery gains again in battery market

Market data shows that in 2019, when the new national standard was just implemented, China’s lithium battery shipments for two-wheeled vehicles reached 5.6GWh, a year-on-year increase of 62%; in 2020, China’s lithium battery shipments for electric two-wheeled vehicles will go further, reaching as high as 10.7Gwh, a year-on-year increase of 91.1%.

At the same time, public data shows that the average daily number of trips in the country exceeds 1 billion, of which electric vehicles (including shared mopeds) reach 700 million. The number of electric bicycles and motorcycles has reached 400 million, with an annual increase of 46 million.

Based on the huge increase in electric two-wheeled vehicles and the further increase in the penetration rate of lithium batteries, more and more people have entered in recent years, including vehicle companies, shared electric bicycle companies, battery companies, and companies in other fields.

CATL :

CATL is one of the Top 10 forklift battery suppliers in China in 2021

As a power battery giant, it is impossible for the CATL to “let go” two-wheeled market. Its technical route for the two-wheeled vehicle market is a large cylindrical battery, and it intends to push it to the micro passenger car market.

In addition, CATL has joined hands with Haro Travel to launch Haro’s power exchange service business and lay the two-wheeled basic energy network; at the same time, it has once again joined hands with Yadi to promote a two-wheeler power exchange cooperation project in Zhaoqing.

ATL:

ATL_Top10 3C consumer lithium battery manufacturers in China

In May of this year, Poweramp, a subsidiary of ATL, made a major debut with an electric short transport lithium solution, and strongly announced its entry into the two-wheeler lithium battery market. At present, many well-known electric vehicle brands such as Yadi Electric Vehicles, No. 9 Robot, and Su Ke are all customers of Poweramp.

It is worth mentioning that on April 28 this year, CATL teamed up with ATL to invest 14 billion yuan to establish two joint ventures, batteries and battery packs, to jointly expand the household energy storage and electric two-wheeled vehicle markets. And signed a cross-technology licensing agreement.

EVE Energy:

EVETop Top10 3C consumer lithium battery manufacturers in China

It has previously stated publicly that it will launch large cylindrical lithium iron phosphate batteries for the two-wheeled electric vehicle market.

BAK Battery:

BAK is one of the Top 100 lithium ion battery manufacturers in China

In 2020, BAK Battery has provided hundreds of millions of cylindrical batteries for the two-wheel travel field. It has a complete manufacturing capability from battery cells to power systems in light travel and smart terminal applications. In the field of electric bicycles, in-depth cooperation with Haro Travel, Didi, Meituan, etc.

Phylion Battery:

xingheng portable power station lithium ion battery

As a leader in the industry standard for lithium batteries for electric vehicles, Phylion Battery is shifting from focusing on electric two-wheeled vehicle travel to sharing, electric three, micro four, skateboarding, new energy vehicles, home energy storage, energy-saving vehicles, smart logistics vehicles, and commercial vehicles. More scenes such as robots, mobile outdoor power supplies, etc. are deployed.

Great Power Energy:

great powe Top 10 Energy storage battery companies in China in 2021

On August 25, Great Power Energy released a full range of new products suitable for two-wheel and three-wheel electric vehicles. In terms of capacity planning for two-wheeled vehicle batteries (soft packs, large cylinders), Great Power Energy is deploying production capacity upgrades at its three bases in Zhuhai, Henan, and Changzhou. It plans to produce 3 million sets in 2021 and 6.4 million sets in 2022. It reaches 9 million sets per year.

In addition, Penghui Energy previously stated that the 40135 Electroless ear battery is expected to be put into production at the end of September. At present, the production line is in the trial production and debugging stage, and the customer’s order intention is mainly in the fields of energy storage, low-speed electric vehicles and two-wheeled vehicles.

Tower Energy: Compared with other companies, Tower Energy entered the field of power replacement earlier. It started to do power replacement two years ago. Currently, it has accumulated 500,000 users, of which Pupu, Meituan, and SF are their customers. At the same time, Tower Energy also does charging. The C-terminal charging has more than 1 million ports and more than 5 million users.

Greenway:

greenway charger power station portable

In August this year, Greenway announced that it will invest 3 billion yuan to build a lithium battery cell and energy storage battery R&D and production headquarters project.

At present, Greenway has become a qualified supplier of well-known domestic electric two-wheeler companies such as Mavericks Electric, Yadi Holdings, Emma Technology, Xinri Stock, and has successfully developed electric off-road motorcycle customers such as Qiulong Technology. At the same time, it has established stable cooperative relations with well-known foreign electric bicycle customers from Germany, Romania, Denmark, France and other foreign countries.

In addition to companies with the “gene” of lithium batteries grabbing the market of 100 billion-level electric two-wheelers, there are also “outsiders” who are also looking to grab.

Wuling: On December 2, the first batch of electric motorcycles of Wuling Industrial Motors officially rolled off the production line, and the off-line product was the new national standard model P20. With the rollout of the first mass-produced models, Wuling electric vehicles have also officially begun to deploy channels. It is reported that the first phase of Wuling’s electric vehicle target is 1 million.

Foxconn: In June this year, foreign media reported that Foxconn and Gogoro established a strategic technology and manufacturing partnership. Foxconn will introduce new manufacturing capabilities and scales for Gogoro battery exchange technology and electric smart scooters, thereby accelerating Gogoro’s global expansion.

Prior to this, in April, Gogoro announced a cooperation with Hero MotoCorp, India’s largest motorcycle manufacturer; in May, Gogoro announced that it had become partners with China Yangtze River Group and Yadea to develop new models with replaceable battery packs.

It is reported that Gogoro claims that it has nearly 400,000 customers and 2,100 battery exchange stations so far. It currently performs 270,000 battery replacements every day, and has achieved nearly 200 million battery replacements in total. Among them are the company’s own models as well as third-party electric motorcycles.

Conclusion

Lithium ion two wheeler battery gains again in battery market

As a consumer product with high frequency, rigid demand, and a huge user base, electric two-wheelers undoubtedly have a huge market, but today’s two-wheeler market is no longer the original barbaric growth. The “New National Standard” directly promotes electric two-wheeled vehicle companies to focus on “lithium power + intelligence.”

At the same time, consumers always pay the most attention to the three core issues of “mileage, safety and price”. Only by developing products that satisfy consumers based on actual needs can they “capture” the two-hundred-billion-round blue ocean.

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