In 2021, the Ningde era rode the dust and won the championship of the global power battery market, which is also the crown of the global power battery market for 5 consecutive years. LG New Energy, Panasonic, BYD and SK On ranked in the top five.
It is worth mentioning that the Chinese enterprise power battery "dark horse" hive energy is on the list, ranking tenth, and the Japanese company PEVE has fallen off the list.
According to data from SNE Research, a South Korean market research institute, in December 2021, the global installed capacity of power batteries was 43.7GWh, up 32.4% month-on-month. The Ningde era once again secured the championship throne, LG ranked second, and BYD surpassed Panasonic for three consecutive months to rank third. Sunwoda rose one place to ninth, and after falling off the list in October, Envision Power was again on the list in December at No. 10, and Ewell Lithium Energy fell off the list.
From January to December 2021, the global power battery installed capacity was 296.8GWh, an increase of 102.2% year-on-year and 37.3% month-on-month. Despite headwinds such as semiconductor supply shortages and the re-spread of the coronavirus, the recovery from the third quarter of 2020 is believed to have led to a steady high growth trend in 2021.
From the perspective of month-on-month growth rate, Ningde era had the highest month-on-month growth rate of 43.3%, followed by BYD with a month-on-month increase of 42.9%. LG New Energy, SK On, China Innovation Airlines, Guoxuan Hi-Tech and Envision Power increased by more than 30% month-on-month. In terms of year-on-year growth rate, Hive Energy achieved a growth rate of 430.8%, and CATL, BYD, SK On, Zhongxin Airlines, and Guoxuan Hi-Tech all achieved triple-digit growth. LG New Energy, Panasonic and Samsung SDI achieved double-digit growth.
In 2021, the installed capacity of global power batteries in the Ningde era was 96.7GWh, with a market share of 32.6%, compared with 2020, its market share increased by eight percentage points, ranking first.
Since 2021, CATL has successively locked in a number of long orders, including Zhejiang Vision no less than 57GWh product orders, the Us Fisker company 3-year 15GWh orders, Jinkang New Energy 5-year orders, Tesla 4-year orders, Mercedes-Benz commercial vehicles 7-year orders, FAW Jiefang 5-year orders and increase the supply of BMW, Volkswagen, Hyundai, Rolls-Royce, etc.
CATL has now landed ten production bases in the global layout, and according to the plan, the production capacity is expected to exceed 670GWh in 2025. In China's power battery market, CATL is a monopoly, and its market share has reached 50%.
In the 2021 global power battery TOP10, Chinese companies have already occupied 6 seats. In addition to the Ningde era, BYD, which ranked fourth, installed 26.3GWh, an increase of 167.7% year-on-year, an increase of 42.9% month-on-month, and a market share of 8.9%, an increase of 2.1 percentage points over 2020.
From October 2021, BYD's monthly installed capacity has surpassed Panasonic, and it is believed that in 2022, BYD will surpass Panasonic and rank third in the world.
In seventh place, The installed aircraft volume of China Innovation was 7.9GWh, an increase of 31.7% month-on-month and 130.5% year-on-year, with a market share of 2.7%, an increase of 0.4 percentage points over 2020.
At the end of 2021, the CHINA SECURITIES regulatory commission has accepted the overseas listing application submitted by China Innovation Airlines. According to Reuters, the listing location of China Innovation Airlines was selected in Hong Kong, China, and the scale of fundraising was US$1 billion (about 6.356 billion yuan), but China Innovation Airlines has not officially disclosed the specific location and amount of funds raised overseas.
At present, China Innovation Airlines has supported GAC, Changan, Guangfeng, Guangben, SAIC-GM-Wuling, Geely and other OEMs. The main supporting models include Xiaopeng P5/P7, Zero-Run C11, GAC Aeon Series, Hongguang MINI, Androm E-Star and other models. China Innovation Airlines plans to have a production capacity of 500GWh in 2025.
Guoxuan Hi-Tech installed capacity of 6.4GWh, an increase of 39.1% month-on-month, the market share of 2.2%, an increase of 0.4 percentage points year-on-year, ranking eighth. At present, Guoxuan Hi-Tech has built 10 production bases, and plans to continue to build or expand, planning to reach a production capacity of 100GWh by the end of 2022, and plans to put into new production of more than 50GWh.
At the end of 2021, Guoxuan Hi-Tech's wholly-owned Sun Company reached a strategic agreement with a listed company in the United States, which expects to purchase a total of no less than 200GWh of lithium iron phosphate batteries from Guoxuan Hi-Tech from 2023-2028.
The installed capacity of Envision Power, which is mainly supporting international car companies, was 4.2GWh, an increase of 31.3% month-on-month, an increase of 7.8% year-on-year, and a market share of 1.4%, down 1.3 percentage points year-on-year, ranking ninth.
According to the plan, Envision AESC and Nissan are investing more than $1.8 billion to build new battery factories in Japan and the United Kingdom, with the goal of supplying sufficient batteries for 700,000 electric vehicles per year, and it is expected to start producing batteries as early as 2024 and supplying batteries for the entire Renault-Nissan-Mitsubishi Alliance.
It has been reported that Envision Power is currently discussing going public in the United States in 2025. It plans to increase its annual battery production capacity by 6 times more than it is now by 2025, which can be used by 1.25 million pure electric vehicles. By 2030, the production capacity will be enough to meet the needs of 2.5 million units.
The installed capacity of the "dark horse" hive energy in the tenth place was 3.1GWh, an increase of 430.8% year-on-year, and the market share was 1%, up 0.6 percentage points year-on-year.
Recently, Hive Energy has signed a listing counseling agreement with CITIC Securities. The two parties plan to complete the preparation of the listing application documents by March this year. In July last year, Hive Energy received an order for power batteries from The Stellantis Group of about 16 billion yuan and is expected to start supplying in 2023, which is its first overseas market customer.
At present, Hive Energy has a total of nine battery production bases, and the production capacity under construction has reached 297GWh, including a new overseas battery factory in Saarland, Germany. Hive Energy plans to achieve 600 GWh battery production capacity by 2025, which can meet the power battery demand of 1.2 million new energy vehicles.
Among the three Korean companies, LG, the biggest competitor of CATL Times, had an installed capacity of 60.2GWh, an increase of 75.5% year-on-year, and a market share of 20.3%, down 2.9 percentage points year-on-year, ranking second.
In January this year, LG New Energy was officially listed on the Korea Stock Exchange, becoming the largest IPO in South Korea's history, raising a total of 12.75 trillion won (about 68.3 billion yuan).
Kwon Young Soo, CEO of LG Energy Solution, said at a press conference in January that given the current backlog of battery orders, LG New Energy's global market share has the opportunity to catch up with rival CATL. However, the specific timetable was not disclosed. From the current data, this expectation is still a certain distance from realization.
SK On installed capacity of 16.7GWh, a market share of 5.6%, up 0.1 percentage points year-on-year, ranking fifth; Samsung SDI installed capacity of 13.2GWh, a market share of 4.5%, down 1.3 percentage points year-on-year, ranking sixth in the world.
The installed battery capacity of the three Korean companies has achieved more than double-digit year-on-year growth, but the market share has declined, and only the market share of SK On has increased slightly by 0.1 percentage points year-on-year.
The market share of Japanese companies represented by Panasonic is declining, and its market share is far below the market average. In 2021, Panasonic installed capacity was 27GWh, an increase of 33.5% year-on-year, with a market share of 12.2%, down 6.2 percentage points from 2020, ranking third.
Written in the end: In 2021, thanks to the rapid growth of China's new energy vehicle market, Chinese companies have played a leading role in the growth of the entire power battery market. Especially in the Ningde era, it has always led the global power battery market throughout the year.
A new track for 2022 has begun. LG New Energy has been listed, and Zhongxin Airlines and Hive Energy are also planned to be listed this year, and the competition in the power battery market is intensifying.
It is foreseeable that in 2022, Chinese companies will continue to lead the global power battery market forward. Competition within Chinese enterprises will also intensify, China Innovation Airlines and Guoxuan Hi-Tech will compete with each other, in 2021 in addition to hive energy, Xinwanda, Yiwei Lithium Energy, Lishen and other companies will also desperately rush forward.