Aug 26,2022

Lead acid battery general cycle of 300-500 times, 1-2 years need to be replaced, some owners laugh at three changes a year, and intelligent depth development of 12V vehicle system "eat depth" increase, further shorten its service life.And lithium battery cycle life is generally higher than 2000 times, some can reach more than 5000 times, and higher energy density, quality and volume.

The large-scale promotion of automobile electrification provides an opportunity for the conversion of lead to lithium in 12V vehicle power supply.

According to the relevant data forecast, the global sales volume of new energy vehicles is expected to reach 15 million in 2025, with a compound annual growth rate of 38% and a penetration rate of nearly 15%.Global electric vehicle sales will reach 23 million by 2030, and the market capacity is expected to grow more than tenfold.

In addition, the global start-stop battery market size is poised to grow by USD 7.85 billion during 2020-2024, and the growth drivers of the market are set to accelerate at a CAGR of over 22.12%.

If the 12V on-board power supply replaces the lead-acid battery with LFP, the capacity of the onboard battery is concentrated at 100-500Wh. According to the calculation of the single-car battery capacity of 300Wh, the on-board power supply of 23 million electric vehicles will be replaced with lithium battery in 2030, corresponding to the demand of the 12V system lithium battery is about 6.9GWH.And this is only the incremental space of new energy vehicles every year.

If you count the large number of fuel vehicles and energy-saving vehicles.As of March 2021, the number of private cars in China is about 229 million. If the 12V starting power is all replaced with lithium, the corresponding demand for lithium batteries will reach 68.7GWh.The lithium replacement market is already in the works.

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