Views: 0 Author: Naccon Power Technology Company Limited Publish Time: 2024-10-31 Origin: Naccon Power Technology Company Limited
What are the latest developments in the rechargeable cylindrical lithium battery industry
Advances in Battery Technology: There is strong momentum in the development of high-density, high-safety lithium batteries, particularly with innovations in solid-state and high-rate cylindrical cells. This year, large cylindrical batteries are expected to achieve GWh-level mass production, marking 2024 as a landmark year for scaling up production. Additionally, fast-charging technology (notably 4C+ fast charging) is increasingly adopted, supporting the rising demand for quicker charging solutions in electric vehicles .
Capacity Adjustments Across the Industry: Since 2023, China’s lithium battery industry has actively been addressing capacity imbalances by scaling down excess production and restructuring. As a result, the industry's profitability is expected to improve in 2024, with prominent companies like CATL and BYD leading the charge due to their technological and production advantages. Other companies are also enhancing their competitiveness through process improvements and differentiated products.
Rising Demand in Emerging Markets: The trend of cordless applications in power tools and household devices is driving steady growth in demand for cylindrical lithium batteries. By 2025, an estimated 20 billion cylindrical battery cells will be needed, with Chinese manufacturers expanding globally, aided by the high cost-effectiveness and performance of domestic cells. This shift is enabling more local manufacturers to compete successfully in international markets.