Power battery market value will reach 240 billion US dollars in the next 20 years

  Today, the new energy automobile industry is surging. As one of the three core technologies of new energy vehicles, the power battery has always been a must for industrial chain enterprises. It is estimated that the market value of the power battery industry will reach 240 billion US dollars in the next 20 years, and aiming at a huge market, many companies do not invest in order to seize the opportunity in this industry and get a share.

However, the days of most companies are not good, and it is not clear whether there will be development in the future. Affected by fraud investigations, subsidy policy adjustments, re-examination of new energy vehicle recommendation catalogues, and rising prices of upstream raw materials, most of the battery companies' power battery business was hindered in the first half of the year, resulting in a sharp decline in power battery orders and shipments.

Big companies are fighting price wars and the market is tightening. To make matters worse, some large companies will take the price to occupy the market in order to seize market share. Some enterprises will directly consider the reduction of subsidies in the next year in order to obtain orders, and to lower the amount of subsidies in the next year. The price is to sell the battery. For small businesses, it has become increasingly difficult to survive in the highly competitive power battery market. In fact, the power battery market has been concentrated, and the concentration of the top 10 battery manufacturers reached 74.8%. It can be said that the pattern of "oligopoly" in China's power battery industry is taking shape.