Top 10 power battery manufacturers in China

Power battery accelerates production expansion

Driven by the high demand for new energy vehicles, domestic power battery companies are investing heavily in expanding production. The lithium battery industry power battery annual competitiveness brand list, the battery network is not complete statistics, the current domestic power battery competitiveness TOP10 enterprises plan production capacity total close to 2.1TWh!

Build a comprehensive enterprise competitiveness evaluation model through multi-dimensional indicators such as production capacity, production and sales data, customer structure, financial status, profitability, comprehensive word of mouth, company credit, product quality, technical strength, and operating mechanism, and combine qualitative indicators such as expert evaluation. Finally, the list of the top ten companies in the industrial chain of each sub-sector was screened out.
This year, the research working group on the list has conducted seven detailed analyses of China’s domestic lithium battery industry chain from 2020 to 2021, including cathode materials, anode materials, separators, electrolytes, power batteries, new energy passenger vehicles, and charging pile operation and service companies. Research and evaluation were carried out in different fields.

TOP10 power battery manufacturers in china

1. CATL

Company profile:
CATL was established in 2011 and is headquartered in Ningde, Fujian. At present, CATL has planned 4 R&D centers and 9 wholly-owned production bases. In addition, CATL has also deployed capital in upstream materials and downstream applications, and has extensively deployed upstream ore resources, cathode materials, anode materials, diaphragms, electrolytes, battery recycling, two-wheelers, power exchange and other fields. Industrial chain layout. In addition, CATL also has many high-quality customers in the fields of energy storage, electric ships, and electric two-wheelers. On November 5, CATL also announced that it plans to invest in the construction of the first phase of the Guizhou new energy power and energy storage battery production and manufacturing base in Gui’an New District, Guizhou Province. The total investment is no more than 7 billion yuan, and it is expected to take no more than 18 months from the start of construction.

Major client:
It covers traditional OEMs such as GAC, SAIC, and BAIC, as well as new carmakers such as Weilai, Ideal and Xiaopeng, as well as foreign car companies such as Volkswagen, BMW, Tesla, Daimler, Volvo, and PSA.

According to rough calculations, including the joint venture production capacity, CATL’s current planned production capacity has exceeded 668GWh.

Reason for listing:
CATL ranked first in the world in terms of installed capacity of power batteries for four consecutive years from 2017 to 2020, and continued to top the list in the first half of 2021. It has a wide customer base in China, and its supporting power battery models account for nearly 50%. In addition, CATL has also achieved large-scale exports to Volkswagen, BMW, Citroen and Tesla, ranking first in the competitiveness list for many consecutive years. Facing Chinese competitors, CATL chose the patent war to protect its market position. Looking forward to the future, CATL is facing the dual pressure of declining Chinese market share and international market development. It is worth waiting and seeing if it actively deploys sodium-ion batteries and other means to stand out from the encirclement and maintain its global leading position.

2. BYD

Company profile:
After years of development, BYD has 8 production bases in Huizhou, Shenzhen, Qinghai, Xi’an, Chongqing and Changsha. The bases under construction include Guiyang and Bengbu. In addition, on July 14, BYD signed a new energy power battery project investment cooperation agreement with the Changchun Municipal Government and China FAW Group, and planned to build a power battery base of 10 billion yuan in Changchun; Jinan Fudi Battery Co., Ltd. was established. According to reports, it will plan a 30GWh power battery production capacity. It is planned to be constructed in two phases, of which the first phase has a capacity of 15GWh.

Major client:
Since it started splitting its battery business in 2017, BYD has owned a separate “Fudi” brand, and has successfully developed customers such as Changan Ford, Changan Automobile, Zoomlion, and Jinkang Automobile.

According to rough calculations, including the joint venture production capacity, BYD’s current planned production capacity has exceeded 205GWh.

Reason for listing:
Since 2020, relying on the cost and safety advantages of blade batteries, BYD has maintained a market share of about 15% in the installed capacity of domestic power batteries, but its blade battery products are mainly used in BYD brand passenger cars, and there is no large-scale external supply. . As other domestic power battery companies increase the layout of lithium iron phosphate batteries, it is difficult for BYD battery to achieve rapid expansion of battery business scale only for its own use. How to solve the problem of competition and coordination as an OEM manufacturer and power battery supplier may become its competitiveness. The key to ascension.

3. EVE

Company profile:
EVE Power was established in 2001 and listed on the Growth Enterprise Market in 2009. It has formed core businesses such as lithium primary batteries, lithium ion batteries, power systems, and electronic cigarettes. In the field of power batteries, EVE Power has production bases in Huizhou, Jingmen and Yancheng, covering various technical routes such as cylindrical, square and soft packs. Power batteries are mainly composed of ternary soft packs, ternary squares and iron-lithium squares. Since the beginning of this year, EVE Power has significantly accelerated its production capacity layout. On November 4, the company signed an agreement with the Jingmen Municipal People’s Government to build the Jingmen Power Energy Storage Battery Industrial Park project with an annual output of 152.61GWh; on the evening of November 5, Yiwei Lithium Neng plans to sign a “Contract” with the Jingmen High-tech Zone Management Committee to build a 20GWh large cylindrical battery production line for passenger vehicles and a 16GWh square lithium iron phosphate battery production line.

Major client:
Including Nanjing Jinlong, Dongfeng Liuzhou Automobile, Hezhong New Energy, Xiaopeng, Jaguar Land Rover, Daimler and BMW, etc.

According to rough calculations, the planned production capacity of Yiwei Lithium Energy has reached nearly 300GWh. With the continuous release of new production capacity, the scale of Yiwei Lithium Power battery shipments will achieve large-scale growth.

Reason for listing:
Yiwei Lithium can achieve rapid growth in hot application fields including electronic cigarettes, ETC, TWS, power tools, two-wheelers, etc. by adopting multi-application fields and multi-technology routes. In the field of power batteries, relying on the cooperation with SKI, Yiwei Lithium has successfully entered the supply system of Daimler and Hyundai, and has independently won orders from BMW, Jaguar Land Rover, etc., and has become one of the important players in the power battery field. one. Although Yiwei Lithium Energy currently has a small installed capacity of power batteries in China, it has already been supplied on a large scale overseas. In addition, in the markets of energy storage and electric ships, Yiwei Lithium Energy’s strength should not be underestimated, and it has challenges. The strength of the industry leader.

4. AVIC

Company profile:
AVIC Lithium was established in 2007. Its products cover two systems: ternary and lithium iron phosphate. It has three industrial bases in Changzhou, Luoyang, and Xiamen. Two bases in Chengdu and Wuhan are under construction. Currently, the production capacity is 250GWh. On November 8, the construction of AVIC’s lithium battery and energy storage system Hefei base project started in Changfeng County, Hefei. It is reported that the total investment of the project is about 24.8 billion yuan, with an annual production capacity of 50GWh after completion.

Major client:
Including GAC, Changan, Jinkang, Wuling Hongguang and Geometry.

According to the data, in 2021, AVIC Lithium Battery has started and is under construction with a production capacity of over 100GWh. During the 14th Five-Year Plan period, the company plans to have a production capacity of over 300GWh.

Reason for listing:
AVIC Lithium has greatly adjusted its strategy, products and customers since its major asset reorganization in 2019. Strategically, it has turned to ternary lithium and passenger vehicles. Its products are mainly high-voltage ternary, and its customers are GAC Aian and Changan. The market has become a prairie prairie, and has signed fixed-point agreements with Wuling Hongguang, Geometry, GAC Toyota, GAC Honda, and Smart, driving the rapid increase in the installed capacity of its power batteries. The domestic market share is stable in the whole year of 2020 and the first half of 2021. fourth. In the first half of 2021, CATL initiated a patent lawsuit against it, indicating that it has caused a certain impact on CATL. Looking forward to the future, as one of the few state-owned companies, AVIC Lithium still needs to put more effort into product quality, product development and talent incentives. After all, price wars are not a long-term solution. In addition, whether it can be successfully listed should also be an important turning point in its development history.

5. Sunwoda

Company profile:
Founded in 1997, Sunwoda has formed six major industrial groups, including 3C consumer batteries, intelligent hardware products, power batteries and powertrains, energy storage systems and integrated energy, automation and intelligent manufacturing, and laboratory testing services. At present, Sunwoda has a power cell production capacity of 10GWh, including 6GWh in Huizhou and 4GWh in Nanjing. It is expected that the production capacity will reach 12-14GWh by the end of this year. In addition, a wholly-owned subsidiary of Sunwangda established a power battery production base project in Nanchang, planning to produce 50GWh of power batteries and energy storage batteries annually. The production capacity of Dapower is expected to reach 15-20GWh.

Major client:
Including Geely Automobile, Dongfeng Liuzhou Automobile, Renault Nissan, etc.

According to rough calculations, the planned production capacity of Sunwoda’s power battery field is about 100GWh.

Reason for listing:
Sunwoda started with 3C modules. Due to the slowdown in the growth of 3C business, it began to cut into the power battery field in 2015. In 2019, its power battery business entered the fast lane of development. The high-end battery field has won a lot of orders and model appointments. On the whole, its power battery business still accounts for a small proportion of the company’s overall scale, but compared with its competitors, Sunwoda has chosen a development strategy of equal emphasis on HEV and BEV, and as its bases in Nanjing, Nanchang and Zaozhuang gradually form production capacity, Under the effect of scale effect, its follow-up competitiveness is worth looking forward to.

6. SVOLT

Company profile:
SVOLT was established in 2018. Its predecessor was the Great Wall Motor Power Battery Division. Power battery products include ternary square and ternary soft packs. At the same time, NMX cobalt-free batteries are being developed. The company’s power battery production base is located in Changzhou, and production bases are being built in Suining, Huzhou, Ma’anshan and Saarland, Germany. In addition, on October 29th, the 22GWh lithium-ion power battery project of SVOLT Yancheng, the project will be constructed in two phases, the first phase will be put into operation in the first half of 2022, and the second phase will be put into operation in the first half of 2023; Shangrao has signed a new contract for a 20GWh power battery project, which is expected to be put into production in September 2023.

Major client:
Great Wall Motors.

Up to now, the total production capacity of SVOLT has been planned to exceed 260GWh, of which the planned investment in Changzhou Jintan Park has reached 23 billion yuan, which is the area with the largest investment amount of SVOLT.

Reason for listing:
As a new entrant in the battery industry, SVOLT can be described as an “industry star”. In recent years, various press conferences and new terms have made it the focus of industry news. As an emerging enterprise, SVOLT does not have the burden of traditional battery companies, and has certain advantages in battery technology. Its ternary square adopts lamination instead of traditional winding process, which improves battery energy density and cycle life to a certain extent. In addition, the two cobalt-free battery products it has launched are also in line with the direction of the battery to improve energy density and reduce costs. As for the product technology, further mass production and installation tests are required. In terms of customers, Sive Energy is still mainly based on Great Wall Motors, but it has passed the evaluation of Geely, Chery, GAC, BAIC and other car companies in China. The European market has signed a 7GWh cooperation agreement with PSA, and has obtained a number of domestic and foreign designated points. In recent years, SVOLT has expanded rapidly and its market share has been increasing, and its future prospects are worth looking forward to.

7. GOTION

Company profile:
GOTION Hi-Tech was established in 2006 and went public in 2014. It is headquartered in Hefei and has power battery and material production capacity in Kunshan, Nanjing, Qingdao, Lujiang, Tangshan, Liuzhou and other places. The current effective production capacity is about 20GWh. In addition, in the first half of 2021 Through the acquisition of the Bosch Göttingen plant, the European power battery pack business will be deployed, and it is expected to be put into production in 2022. The company’s industrial chain covers cathode materials, separators, copper foils, batteries, BMS and PACK. In 2020, Guoxuan Hi-Tech’s installed capacity of power batteries is about 3.32GWh; in the first half of 2021, its installed capacity of power batteries is about 2.76GWh, a year-on-year increase of 318.2%.

Major customers: including Chery, Jianghuai, Geely New Energy, Changan, SAIC-GM-Wuling, etc.

It is expected to exceed 80GWh by 2023 and 100GWh in 2025.

Reason for listing:
Benefiting from the continuous and rapid increase in the market demand for lithium iron phosphate batteries, the installed capacity of GOTION Hi-Tech power batteries will increase significantly year-on-year in 2021. It is expected that in the next period of time, it will still have a good growth in leading low-cost and cost-effective models. In addition, in 2020, Guoxuan Hi-Tech successfully introduced Volkswagen to become a shareholder, and Volkswagen China is currently conducting supplier certification for it. If GOTION Hi-Tech can become a Volkswagen standard battery supplier, it can supply batteries to Volkswagen’s local MEB platform, or it will It is helpful to enter the mid-to-high-end model market and increase market share.

8. Farasis

Company profile:
FARASIS was established in Ganzhou, Jiangxi Province in 2009. It was formerly known as Farasis Energy Company of the United States. It mainly focuses on the research and development and production of ternary soft pack power batteries. The company has two production bases in Ganzhou, Jiangxi and Zhenjiang, Jiangsu, with an effective production capacity of about 17GWh, and is currently expanding a 24GWh production capacity in Wuhu. In 2020, its power battery installed capacity is about 0.85GWh; in the first half of 2021, its installed capacity is about 0.78GWh, a year-on-year increase of 123%.

Major client:
Including Daimler, BAIC, GAC, etc.

At present, FARASIS’s planned production capacity has reached 115GWh, and it is expected that the production capacity will reach 21GWh by the end of this year.

Reason for listing:
FARASIS, as a major domestic ternary soft pack power battery manufacturer, successfully landed on the Science and Technology Innovation Board in 2020, and at the same time introduced Daimler as the fifth largest shareholder, and signed a 140GWh supply agreement with it for 2021-2027. The company also signed a battery pack supply agreement with the Turkish electric vehicle company TOGG this year, and will jointly develop and produce power batteries with its joint venture, such as long-term strategic cooperation with international customers such as Daimler, and optimize the technical route to enhance its competitiveness. Great help.

9. Jeve

Company profile:
Jeve was established in 2009, focusing on the production of soft-pack power battery products, covering BEV, PHEV, HEV/48V models. At present, Jeve has four power battery production bases in Tianjin, Yancheng, Jiaxing and Changxing. . Among them, Jeve Changxing new energy battery production base project started on October 23. It is reported that the project is located on the west platform of the Green Intelligent Manufacturing Industrial Park in Changxing Economic and Technological Development Zone. The total investment of the project is about 6.7 billion yuan. The main application of the product is In the energy storage and power market, the project will have an annual production capacity of 18GWh after it is completed and is expected to be put into use in early 2023.

Major client:
Including Changan, Chery, Dongfeng, Zotye and so on.

It is expected that by 2025, Jeve will form a power battery production capacity of 50GWh.

Reasons for listing:
Jeve is also a domestic company that specializes in ternary soft-pack power batteries. Its customers include mainstream car companies such as Chery, Dongfeng, Changan, and FAW, as well as new car manufacturers such as Nezha. The cost of small passenger cars has not yet experienced major safety accidents, so the company’s customer structure is relatively stable. In the first half of 2021, the company’s installed capacity of power batteries ranks among the top ten. With domestic companies including CATL, Yiwei Lithium Energy and other companies increasing the layout of soft-pack batteries, and the cost of batteries brought by the localization of aluminum-plastic films Soft-pack power battery companies including Wei Power may usher in good opportunities.

10. Tafel

Company profile:
Tafel was established in 2014. Tafel is positioned in the field of power batteries and energy storage batteries. Its main products are ternary square and LFP square batteries. At present, it has established cooperative relations with many domestic OEMs. At present, Tafel is located in Nanjing, Dongguan, Changde in Hunan, Qihe in Shandong, and Gui’an in Guizhou. In 2020, the installed capacity of Tafel power batteries is about 0.56GWh, and the installed capacity in the first half of 2021 is about 0.52GWh, a year-on-year increase of about 167%.

Major client:
Including FAW, Dongfeng, Yutong, Weimar, Great Wall, etc., mainly positioned in A0-class, A00-class and A-class small passenger cars.

At present, the company’s planned production capacity has exceeded 50GWh. By 2022, Tafel plans to build a 20GWh production base in Nanjing.

Reason for listing: Being sued by CATL also proves that Tafel has a certain influence to a certain extent, and also expands Tafel’s popularity on the other hand. The founding team is mainly from CATL, and Tafel is positioned in the field of power batteries and energy storage batteries. The main products are ternary square and LFP square batteries. At present, it has established cooperative relations with many domestic OEMs. In terms of product technology and safety, Tafel’s annual investment in research and development accounts for about 10% of its total revenue. With its good independent research and development strength and manufacturing capabilities, its installed capacity of power batteries has maintained a growth trend. As power batteries gradually enter the TWh era, second- and third-tier power battery companies, including Tafel, may achieve rapid development in different tracks with their high-quality product quality and capacity construction.