The production and sales of new energy vehicles are growing steadily, and the lithium battery aluminum foil industry has good development prospects.

Lithium battery aluminum foil is the key material for the current collector of lithium battery cathode materials. It mainly plays the role of collecting and outputting current. Lithium battery aluminum foil has become the first choice material due to its good conductivity, mature production technology and outstanding cost advantages, and the market demand is high. The thickness of aluminum foil currently used in lithium batteries is 9-20μm, and the production technology requirements are high.

The new energy vehicle industry is developing rapidly, and production and sales continue to rise. In 2020, my country’s new energy vehicle sales were approximately 1.367 million units. In the first three quarters of 2021, my country’s new energy vehicle sales reached 2.157 million units, showing a rapid growth trend. As the sales of new energy vehicles increase, the demand for power batteries increases. In the first three quarters of 2021, my country’s power battery shipments were 135GWh.

According to the “China Lithium Battery Aluminum Foil Industry Application Market Demand and Development Opportunities Research Report 2021-2026” released by the Industrial Research Center, Benefiting from the development of the new energy automobile industry, my country’s lithium battery aluminum foil market demand continues to rise, and shipments have also grown steadily. In 2020, my country’s lithium battery aluminum foil shipments will exceed 60,000 tons, and are expected to reach more than 100,000 tons by 2021 .

The production of lithium battery aluminum foil is technically difficult and has high added value. In order to ensure the quality of lithium batteries, downstream companies have a long certification period for lithium battery aluminum foil, and once certified, they usually reach long-term cooperation. Against the background of high qualification barriers and technical barriers, it is difficult for new companies to enter the market, so the market competition pattern is relatively good.

Companies in the field of lithium battery aluminum foil include Dingsheng New Materials, North China Aluminum, Yongjie New Materials, Chinalco Aluminum Foil, Yunnan Aluminum Co., Ltd., and Chang Aluminum Co., Ltd. The market concentration is relatively high, among which Dingsheng New Materials accounts for about 50% Market share ranks first. my country’s lithium battery aluminum foil accounts for about 70% of the world’s total output and is the main producing country. Based on current estimates of lithium battery aluminum foil production capacity growth, the total global lithium battery aluminum foil production capacity is expected to reach about 240,000 tons by 2023.

In 2020, Dingsheng New Materials’ lithium battery aluminum foil business revenue was approximately 648 million yuan, accounting for about 5% of total revenue. Dingsheng New Material’s current main business is still air-conditioning foil, but driven by the development of the new energy automobile industry, the company is embarking on business transformation, and its lithium battery aluminum foil production capacity may continue to increase. Dingsheng New Materials is the world’s largest lithium battery aluminum foil manufacturer. It still has production capacity under construction and is expected to have a production capacity of 95,000 tons by 2023.

Industry analysts people said that the application of lithium battery aluminum foil in the field of new energy vehicles will contribute to the growth of new energy vehicle production and sales, as well as the future energy storage market. Under the background of comprehensive promotion, the market demand for lithium batteries has increased, which is good for the development of the lithium battery aluminum foil industry. In terms of production, due to high technical and qualification barriers, there are currently few companies that can produce lithium battery aluminum foil, and the market concentration is high.