From January to September 2022, China's cumulative sales of electric vehicles reached about 4.56 million, with penetration rate increasing to 23%, the United States sales reached 720,000, penetration rate increased to about 7%, Europe sales reached 1.63 million, with penetration rate 16%. In addition, sales in other regions were 280,000, with penetration rate 1.7%. Overall, the cumulative sales of electric vehicles from January to September 2022 reached 7.29 million, and the global penetration rate increased to 12.7%.
BYD sales surpass Tesla , leading the world.
2022Q2, BYD's global sales reached 355,000 vehicles, while Tesla's global sales exceeded Tesla in the second quarter and the first half of the year, becoming the global sales champion of new energy vehicle . Q3 BYD continues to sell hot sales, with sales of 539,000 vehicles in a single quarter, exceeding Tesla's nearly 200,000 vehicles, continuing to lead the world.
is expected to reach 28% in 2025.
The sales of new energy vehicle are the focus of industry research and tracking. With the continuous enrichment of models, sales have grown rapidly. It is estimated that the global electric vehicle sales will exceed 10 million units /yoy+62% in 2022. We predict that the sales volumes in China, the United States and Europe will be approximately 14.91, 423 and 5.01 million units in 2025, respectively, and the global sales will total 25.13 million units in 2025, with a corresponding penetration rate of 28%.
is expected to reach 2023GWh in global lithium batteries in 2025.
lithium batteries are expected to be 1437, 423, and 163GWh in several major fields such as new energy vehicles, energy storage and consumption. We expect the corresponding demand in 2025 to be 1437, 423, and 163GWh respectively. That is, in 2025, the total demand for lithium batteries will reach 2023GWh, corresponding to a CAGR of about 48% in the five-year period, reflecting strong rapid growth. Their main increase comes from the fields of new energy vehicles and energy storage. At the same time, we predict that global demand for energy storage lithium batteries exceeds 400GWh by 2025, which will be a super hot spot for the relay power battery investment feast.
demand for key materials for lithium batteries is growing rapidly.
Lithium-powered battery , as the most core key component of new energy vehicles, reflects the demand for continuous rapid growth, and has important investment opportunities for corresponding upstream key raw materials. Based on the above predictions for lithium batteries, it is expected that 1) positive electrode materials: by 2025 the demand is as high as 3.07 million tons, with a 5-year CAGR of 44%; 2) negative electrode materials: by 2025 the demand is as high as 1.93 million tons, with a 5-year CAGR of 45%; 3) electrolyte : by 2025 the demand is as high as 2.15 million tons, with a 5-year CAGR of 45%; corresponding to lithium hexafluorophosphate is 230,000 tons, with a CAGR of 42%; 4) diaphragm: by 2025 the demand is as high as 32.3 billion square meters, with a 5-year CAGR of 45%.
sodium battery has differentiated advantages and will be mainly used in energy storage, low-speed cars and other fields.
Compared with lithium batteries, sodium batteries have high safety, good low-temperature performance, and good rate performance. Due to the limited global lithium resource reserves, sodium batteries can solve resource problems and reduce battery costs. Safety, low-temperature performance, and cost are all pain points of energy storage batteries. Sodium batteries are perfectly matched with them and will be widely used in energy storage. In addition, low-speed cars, electric two-wheeled cars, and other scenarios will also have certain sodium batteries. Sodium electricity development is in full swing. The global industrialization process of sodium ion battery is still in the introduction period, and the sodium ion battery technology level of Chinese enterprises has become an international leading position.
Excerpted from: Huaxin Securities Yin Bin Li Jiangtao
