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In addition to power batteries, energy storage batteries, 3C batteries, etc. also occupy a certain proportion in the lithium battery structure, but currently power batteries have occupied an absolute dominant position in the consumption structure. This article sorts out the top 10 lithium battery cell companies in China, with a production capacity of over 890GWh.
1. Top 10 lithium battery cell companies in China list
① CATL
Total market value: 1183.723 billion RMB
Company website: https://www.catl.com/
CATL was established in 2011. Through years of operation, CATL has built a leading R&D and manufacturing base for power batteries and energy storage systems in China. CATL has the core technology of the whole industry chain of materials, batteries, battery systems, and battery recycling, and is committed to providing solutions for global green energy applications and energy storage through advanced battery technology.
As one of the top 10 lithium battery cell companies in China, CATL has put into production a cell production capacity of 307GWh. According to the company's plan, the cell production capacity will reach 670GWh by 2025. The main production bases are Ningde, Fujian, Liyang, Jiangsu, Xining, Qinghai, Zhaoqing, Guangdong, and Chengdu/Yibin, Sichuan. In addition, battery production lines in Xiamen, Fujian, Gui'an New District, Guizhou, and Yichun, Jiangxi are also under construction.
② FinDreams Battery
Registered capital: 500 million RMB
Company website: http://www.fdbatt.com
FinDreams Battery is a wholly-owned subsidiary of BYD. It has large battery R&D, design and production capabilities. Its products include power batteries, energy storage batteries, and 3C batteries. It is one of the top 10 lithium battery cell companies in China. It also has many scientific research achievements in new battery materials. BYD is the world's leading manufacturer of secondary rechargeable batteries.
In the field of power batteries, the Group has developed a highly safe lithium iron phosphate battery-blade battery, which can better solve the pain points of market safety and accelerate the return of lifepo4 batteries to the mainstream track of power batteries . At present, FinDreams Battery has more than 20 subsidiaries producing lithium batteries. By the end of 2022, the production capacity of batteries has reached 200GWh.
According to the company's plan, the production capacity of batteries will reach 600GWh by 2025. The main production bases include Guangdong Shenzhen/Huizhou, Chongqing, Qinghai Xining, Hunan Changsha, Hubei Xiangyang, Shandong Jinan, Guiyang Guizhou, Zhejiang Shaoxing, and other planning projects under construction.
③ CALB
Registered capital: 1.506456558 billion RMB
Company website: http://www.calb-tech.com/
CALB was established in 2015 and is currently headquartered in Jintan City, Jiangsu Province. It will be listed in Hong Kong in October 2022. CALB is one of the fastest growing power battery companies in the world. By the end of 2022, CALB in lithium battery cell companies in China has put into production a cell production capacity of 89GWh.
According to the company's plan, the cell production capacity will reach 500GWh by 2025. The main cell production bases are Jintan, Jiangsu, Xiamen, Fujian, Wuhan, Hubei, Chengdu, Sichuan, and Hefei, Anhui. In addition, there are projects under construction in Jiangmen, Guangdong, and Pengshan, Sichuan, as well as planned projects in Guangzhou, Guangdong, and Heilongjiang.
④ GOTION HIGH-TECH
Total market value: 71.932 billion RMB
Company website: https://www.gotion.com.cn/
GOTION HIGH-TECH was established in May 2006 and is headquartered in Baohe District, Hefei City. GOTION HIGH-TECH is the earliest companies in China's power battery industry to enter the capital market. GOTION HIGH-TECH has new energy vehicle power lithium batteries, energy storage, power transmission and distribution equipment and other business sectors, and has established an independent and mature R&D, procurement, production, and sales system.
By the end of 2022, as a company of the top 10 lithium battery cell companies in China, GOTION HIGH-TECH has put into production a cell production capacity of 67GWh. According to the company's plan, by 2025, China's cell production capacity will reach 200GWh, and the production capacity of overseas production bases will reach 100GWh. The main production bases of batteries are Hefei/Tongcheng/Lujiang, Anhui, Nanjing, Jiangsu, Qingdao, Shandong, and Yichun, Jiangxi. In addition, there are projects under construction in Tangshan, Hebei, Liuzhou, Guangxi, and Chuzhou, Anhui.
⑤ LG Energy Solution
Total market value: 93.83 trillion KRW
Company website: https://www.lgensol.com/en/
LG Energy Solution's China production base is located in Nanjing, Jiangsu Province, including Qixia District/Nanjing Economic and Technological Development Zone and Jiangning Binjiang Development Zone. Lithium battery products include energy storage, power, and 3C.
By the end of 2022, LG Energy Solution has put into production battery cell production capacity of 63GWh. According to the company's plan, as one of lithium battery cell companies in China, the production capacity of battery cells in China will reach 110GWh by 2025.
⑥ EVE
Total market value: 202.601 billion RMB
Company website: https://www.evebattery.com/
EVE was established in 2001 and is headquartered in Huizhou City, Guangdong Province. After 21 years of rapid development, EVE has become a globally competitive lithium battery platform company. The main business of EVE is the R&D, production and sales of consumer batteries (including lithium primary batteries, small lithium-ion batteries, cylindrical batteries) and power batteries (including new energy vehicle batteries and their battery systems, and energy storage batteries). Also, EVE is one of the top 10 lithium battery cell companies in China.
As of the end of 2022, EVE has put into production a cell production capacity of 49GWh. According to the company's plan, by 2025, China's planned cell production capacity will reach 300GWh. The main production bases are Huizhou in Guangdong, Jingmen in Hubei, and Qidong in Jiangsu. In addition, there are projects under construction and planning in Golmud in Qinghai, Chengdu in Sichuan, Shenyang in Liaoning, and Chengdu in Sichuan.
⑦ SVOLT
Registered capital: 3243.182011 million RMB
Company website: http://www.svolt.cn
Originating from Great Wall Motors, SVOLT is a new energy high-tech company specializing in R&D and manufacturing of automotive power batteries and energy storage systems. SVOLT's main products include batteries, modules, battery packs and energy storage battery systems.
By the end of 2022, SVOLT in top 10 lithium battery cell companies has put into production a lithium battery cell production capacity of 40GWh, according to the company's plan. By 2025, China's planned cell production capacity will reach 250GWh. The main production bases of SVOLT are Jintan/Yancheng/Nanjing in Jiangsu, Suining in Sichuan, Shangrao in Jiangxi, and Ma'anshan in Anhui. In addition, there are projects under construction and planning in Huzhou, Zhejiang, and Chengdu, Sichuan.
⑧ Sunwoda
Total market value: 47.434 billion RMB
Company website: http://www.sunwoda.com
Founded in 1997, Sunwoda is mainly engaged in the R&D, design, production and sales of lithium battery cells and modules. It is one of the top 10 lithium battery cell companies in China. The company's traditional core business is consumer batteries. In terms of power batteries, the company's power battery shipments in the first half of 2022 totaled 3.95Gwh, a year-on-year increase of 631.92%. The installed capacity of power batteries in 2022 will be the fastest growing among all the top ten companies on the list.
By the end of 2022, Sunwoda has put into production cell production capacity of 30GWh. According to the company's plan, China's cell production capacity will reach 150GWh by 2025. The main production bases are Shenzhen, Guangdong and Zaozhuang, Shandong. In addition, there are projects under construction in Nanchang, Jiangxi, and Yiwu, Zhejiang.
⑨ REPT
Registered capital: 1.506456558 billion RMB
Company website: http://www.calb-tech.com/
Founded in 2017, REPT is the first company that Tsingshan Industrial has combined its own rich mineral resources to invest in the field of new energy. REPT is mainly engaged in the R&D, production and sales of power/energy storage lithium-ion battery cells to system applications, it is one of the top 10 lithium battery cell companies in China. The main products are square aluminum shell blade lithium iron phosphate batteries and ternary batteries, which are oriented to the fields of passenger cars, commercial vehicles, construction machinery and energy storage.
By the end of 2022, REPT has put into production a cell production capacity of 26GWh. According to the company's plan, by 2025, China's planned cell production capacity will reach 180GWh. At present, the main production base of REPT is in Wenzhou, Zhejiang. In addition, there are projects under construction and planning in Liuzhou, Guangxi, Jiashan, Zhejiang, and Foshan, Guangdong.
⑩ Farasis
Total market value: 29.955 billion RMB
Company website: http://www.farasisenergy.com.cn
Farasis was established in 2009. Farasis is one of the first companies in China to realize the mass production of ternary pouch power batteries, and has ranked first in the country in terms of installed capacity of ternary soft pack power batteries for four consecutive years. The main customers of Farasis battery include GAC, Daimler, FAW, Geely, etc.
As of the end of 2022, Farasis has put into production a cell production capacity of 21.8GWh. According to the company's plan, by 2025, China's planned cell production capacity will reach 130GWh. Farasis currently has major production bases in Ganzhou, Jiangxi and Yancheng, Jiangsu. In addition, projects such as Anning in Yunnan and Wuhu in Anhui are also under construction.
2. Conclusion
According to the plan of top 10 lithium battery companies in China, the total production capacity of lithium battery cells of these ten companies will reach 3090GWh by 2025, an increase of nearly 250% from 2022, with an average annual growth rate of 51%. The next few years will still be the peak period for the development of the power battery industry, but we should also be alert to the problem of overcapacity caused by excessive industrial development.
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