Eve Lithium Energy: The continued decline in lithium prices further opens up spaces for growth in the energy storage market

Original 2024-04-18 21:57 · Beijing News

Beijing News Shell Finance News (Reporter Lin Zi) On the evening of April 18, Yiwei Lithium Energy released its 2023 annual report stating that against the backdrop of the world's major economies vigorously advocating the development of new energy vehicles, the global power lithium battery market has shipped shipments in recent years. The volume maintains a rapid growth trend. According to EV Tank data, global new energy vehicle sales will reach 14.653 million units in 2023, a year-on-year increase of 35.4%, of which China's new energy vehicle sales will reach 9.495 million units, accounting for 64.8% of global sales. As the penetration rate of new energy electric vehicles increases rapidly around the world, power battery shipments continue to grow.

In addition, under the goal of "carbon peaking and carbon neutrality", countries around the world are accelerating the transformation and upgrading of energy systems from fossil fuels to wind and solar clean energy, and building new power systems based on wind and solar new energy. In order to stabilize power fluctuations after large-scale wind and solar installations are connected to the grid, large-scale energy storage is urgently needed.

Since 2023, the price of lithium battery materials has continued to decline, further opening up the growth space of the energy storage market. China's dual carbon goals are advancing, the domestic peak-to-valley electricity price gap continues to widen, and the implementation of the U.S. IRA Act and the European Net-Zero Industry Act provide long-term and sustainable impetus for the development of the global energy storage industry. According to InfoLink data, global energy storage battery cell shipments will reach 196.7GWh in 2023.