EnergyTrend Lithium Battery in IT Products and Power Application Market Report

Market Share of Electric Scooter in Taiwan to Reach 10% in 2019

According to EnergyTrend, a division of TrendForce, eased oil prices and sliding xEV battery costs may drive Taiwan’s fledgling electric scooter market. Taiwan is expected to have 78000 electric scooters in 2018, taking a share of 8% in its overall scooter market. For 2019, the market share of electric scooters will reach 10%, of which 90% will be heavy electric scooters, up from 85% in 2018.

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Global Electric Vehicle Market Continues to Expand as Power Battery Prices Decrease, Says EnergyTrend

The global electric vehicle market continues to expand while the oil prices increase, power battery prices decrease, and countries have been proposing stricter CO2 emission targets for vehicles. EnergyTrend, a division of TrendForce, forecasts that the market share of electric vehicles will reach 5% in 2020 and 8~9% in 2023.
According to Duff Lu, senior research manager of EnergyTrend, stricter CO2 emission targets for vehicles worldwide have been the main momentum for the growth of electric vehicle market. The target of CO2 emissions for cars in China was 200g/km in 2015, and is expected to be 119g/km in 2020. In North America and Europe, the targets will be 124g/km and 95g/km respectively in 2020, down from 150g/km and 130g/km respectively in 2015. By 2020, it will the first time for China to have a CO2 emission target lower than the U.S.

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Development of NMC Battery May Ease the Tight Supply of Cobalt in 2018, Says EnergyTrend

The demand for xEV battery sees significant growth in 2017 due to the development of new energy vehicles, resulting in a 114% price surge for cobalt. In order to ease the cost pressure, battery makers are looking for ways to decrease the amount of cobalt used in xEV battery manufacturing. EnergyTrend, a division of TrendForce, forecasts that xEV battery with lower ratio of cobalt will be the mainstream product in 2018, easing the tight supply of cobalt.
According to Duff Lu, senior research manager of EnergyTrend, the price of cobalt has seen a new high in the past year due to the market’s overestimation of xEV vehicle demand, from US$35/kg in early 2017 to US$75/kg at the year end. The high prices have led to occasions that the pricing for cobalt transactions is not based on contract prices.

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TrendForce Reports Prices of Lithium-Ion Battery Cells Enters a Slow Climb; Supply of Polymer Cells Remains Tight

The latest lithium-ion battery market report from EnergyTrend, a division of TrendForce, finds that the price upswing for battery cells has started to moderate since this third quarter. Although the price of cobalt reached a new high for the recent years during the third quarter, prices of battery cells have been climbing more slowly after the large hikes in the second quarter. The overall price increase in the battery cell market is anticipated to be even smaller for this fourth quarter.
By types, polymer cells saw the largest price hike this third quarter with the average increase being more than 3% compared with the prior three-month period. Both cylindrical and prismatic cells saw a smaller sequential price that averaged around 2%. Cylindrical and prismatic cells generally use cathode materials of lower cobalt content (such as NMC), so their prices are less influenced by the dynamics of the cobalt market. As for polymer cells, the upward movement of their prices in the third quarter has not been as sharp as in the second quarter. However, their average price increase was still the largest because of the costs of raw materials.

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Prices of Lithium Battery Cells to Go Up in Second Half of 2017 Due to Seasonal Demand, EnergyTrend Reports

The global market for lithium batteries witnessed an average price increase of 15% to 25% for battery cells in the first half of 2017 compared with the second half of 2016, according to EnergyTrend, a division of TrendForce. This rise was mainly attributed to the cobalt price hitting a five-year high. Going into the second half of 2017, the price upswing in the cobalt market is expected to start leveling off. On the other hand, seasonal demand during the same period will drive market for batteries used in x-electric vehicles (or xEV, which include plug-in hybrid electric and battery electric vehicles). EnergyTrend projects that battery cell prices on average will increase by about 10% this third quarter compared with the previous quarter and will continue to be on a gradual uptrend through the fourth quarter.
Duff Lu, senior research manager of EnergyTrend, pointed out that the sizes of price increases differ by cell types. For cylindrical cells, their most common cathode material is nickel manganese cobalt (NMC). Around 15% of the cost of NMC is based on the cobalt content. Polymer cells, by contrast, mainly use lithium cobalt oxide (LCO) as their cathode material. Cobalt accounts for about 50% of the cost of LCO. “As cobalt price trend climbed to its highest point in five years, prices of polymer cells from Chinese suppliers also rose by more than 20% on the worldwide market this second quarter compared with the first quarter,” said Lu.

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High Cost of Cobalt Pushes Up Prices of Lithium Batteries for IT Devices by More Than 15% Between First and Second Quarter

The latest lithium-ion battery market report from EnergyTrend, a division of TrendForce, finds that the price upswing for battery cells has started to moderate since this third quarter. Although the price of cobalt reached a new high for the recent years during the third quarter, prices of battery cells have been climbing more slowly after the large hikes in the second quarter. The overall price increase in the battery cell market is anticipated to be even smaller for this fourth quarter.
By types, polymer cells saw the largest price hike this third quarter with the average increase being more than 3% compared with the prior three-month period. Both cylindrical and prismatic cells saw a smaller sequential price that averaged around 2%. Cylindrical and prismatic cells generally use cathode materials of lower cobalt content (such as NMC), so their prices are less influenced by the dynamics of the cobalt market. As for polymer cells, the upward movement of their prices in the third quarter has not been as sharp as in the second quarter. However, their average price increase was still the largest because of the costs of raw materials.

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Lithium Battery / Electric Vehicle Report
  Supply Market Trend Demand Market Trend Format
(PDF)
Frequency

1Q

Trend of Commodities and Battery Market

  • Long-term Trend for battery material
  • Policy update for Lithium Battery in China and new energy vehicle (LEV, xEVs)

Trend of Application Market

  • Demand of energy storage market
  • Supply and demand of battery in IT market and its price change
Quarterly
( Mar., Jun., Sep. Dec.)

2Q

Trend of Commodities and Battery Market

  • New formation battery- cathode material technology
  • Policy update for Lithium Battery in China and new energy vehicle (LEV, xEVs)

Trend of Application Market

  • Supply of energy storage market
  • Demand of xEVs market
  • Supply and demand change of battery in IT market
  • Niche application (electrical bicycle)

3Q

Trend of Commodities and Battery Market

  • New formation battery- anode and separator material technology
  • Policy update for Lithium Battery in China and new energy vehicle (LEV, xEVs)

Trend of Application Market

  • Battery reuse market development
  • Supply and demand change of battery in IT market
  • Niche application (power tool)

4Q

Trend of Commodities and Battery Market

  • Analysis of solid state battery technology / supply chain overview of solid state battery technology
  • Policy update for Lithium Battery in China and new energy vehicle (LEV, xEVs)

Trend of Application Market

  • Analysis of new-type personal transporting vehicle market- LEV
  • Supply and demand change of battery in IT market
  • Niche application (handheld device)
請聯絡我們以獲得更詳盡的資訊。
Ms. Joanne Wu
+886-2-8978-6488 ext. 912
JoanneWu@trendforce.com
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