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Offshore and energy storage market will become a new battlefield for lithium materials competition
2023/6/9
From June 6 to June 7, an industry conference on the theme of lithium materials industry cycle was held in Chengdu. At the conference site, overcapacity, industry in-volume, industry opportunities became the key topics of discussion among participating companies.
"The current lithium battery still maintains high growth, but lithium materials have entered the next round of excess cycle." GaoGong lithium chairman Zhang Xiaofei said at the scene, "the lithium industry continued three years of expansion tide, whether the lithium battery industry or the four main material links, have accumulated a lot of capacity, to the first quarter of 2023, the relevant enterprise capacity utilization rate has fallen to 40% to 60% range."
"This also means that 40% to 60% of the money invested by enterprises in plant construction, the flow of materials inventory, etc., and the pressure faced by these three years is also very high." Zhang Xiaofei said that at present, industry enterprises are generally facing multiple challenges such as tightened cash flow and extended material payment account periods, while at this stage, the industry's new entrants have a high proportion of project delays. In this context, the offshore and energy storage market has become a new battlefield for lithium materials competition.
Enterprises began to anxiety
Not only Zhang Xiaofei believes that the current lithium materials segment has entered the excess cycle, but also Xu Jinfu, chairman of Tianchi Materials, said at the meeting that lithium electrolyte has been expanding wildly in the past two years with a planned capacity of over 8.5 million tons, which has opened the warning of excess capacity.
With the influx of cross-border players from all walks of life into the lithium circuit, the industry has accelerated its inward roll, and companies in the industry chain are generally feeling anxious. "Now all the heroes from all walks of life to this track inside, in another place anxiety finished and then come to bring us anxiety." Xu Jinfu said helplessly at the meeting, lithium track now has 89,000 companies, only 2022 to now a year and a half, a new registration of 58,000 companies. He lamented: "People outside who did not enter this track, thinking that there is gold everywhere, is actually just a legend. In fact, this track is not as fun as imagined."
In addition, the industry's "theft of the doctrine" that infringement is becoming a challenge to the development of enterprises, as the current lithium industry into a period of rapid development, attracting a lot of capital to enter the pie, but these entrants technical background, reserves of good and bad, resulting in serious homogenization of industrial technology path.
"A lot of cross-border companies over the industry's technology precipitation, reserves are extremely weak, it is difficult to enter the natural breakthroughs and innovation, more choose to imitate, drawing a diagram from a gourd, resulting in the same technology path, homogenization is also logical." Li Jianjie, a senior investment advisor of JF Investment Consulting, told reporters that.
In Li Jianjie's view, the current point of anxiety for enterprises is, first, the current market concerns, overcapacity leads to oversupply, market sales will determine the development of the enterprise at this stage; second, the industry's concerns, too many companies across the border into the capacity of disorderly expansion, the industry's golden development period, but also because of excessive internal volume and greatly shortened. Therefore, in the development stage of oversupply, industry reshuffle is inevitable.
Going abroad and energy storage become the new battlefield
Behind the apprehension, going abroad and energy storage market has become a new hope for lithium enterprises.
In Zhang Xiaofei's view, "the future growth of energy storage is more than the power battery, and because the customer is very decentralized, not to be monopolized, and the number of new energy vehicle leading enterprises BYD's export growth, but also the industry chain has the opportunity to go overseas together."
Li Jianjie likewise told reporters that the market space to go to sea and energy storage to lithium materials provide two important directions for outbound expansion. "Go to sea to occupy the international market, can alleviate the domestic lithium materials market inward volume of the dilemma; energy storage whether domestic or foreign, provide a new direction of lithium batteries, lithium materials applications, greatly enhance the overall capacity of the market."
And Tianli lithium energy is also optimistic about the market of energy storage, Tianli lithium energy chairman Wang Ruiqing said: "lithium materials are also the basis of energy storage, we laid out in Sichuan Ya'an lithium iron phosphate is geared to the large market of energy storage, because the future space of the energy storage market is at least five to six times the new energy vehicles, so we accelerate the layout of the energy storage market, I believe that in the last year or two the company's share of energy storage will We believe that in the next year or two the company's share of energy storage will account for 30% to 40% of total revenue."
Dr. Liu Zhonggang, manager of the R&D department of new energy materials of Amint, expects that the market size of energy storage battery will reach 211.9 billion yuan in 2026, and the rapid development of energy storage battery also promotes the rapid growth of the market of anode materials for energy storage.
"The current lithium battery still maintains high growth, but lithium materials have entered the next round of excess cycle." GaoGong lithium chairman Zhang Xiaofei said at the scene, "the lithium industry continued three years of expansion tide, whether the lithium battery industry or the four main material links, have accumulated a lot of capacity, to the first quarter of 2023, the relevant enterprise capacity utilization rate has fallen to 40% to 60% range."
"This also means that 40% to 60% of the money invested by enterprises in plant construction, the flow of materials inventory, etc., and the pressure faced by these three years is also very high." Zhang Xiaofei said that at present, industry enterprises are generally facing multiple challenges such as tightened cash flow and extended material payment account periods, while at this stage, the industry's new entrants have a high proportion of project delays. In this context, the offshore and energy storage market has become a new battlefield for lithium materials competition.
Enterprises began to anxiety
Not only Zhang Xiaofei believes that the current lithium materials segment has entered the excess cycle, but also Xu Jinfu, chairman of Tianchi Materials, said at the meeting that lithium electrolyte has been expanding wildly in the past two years with a planned capacity of over 8.5 million tons, which has opened the warning of excess capacity.
With the influx of cross-border players from all walks of life into the lithium circuit, the industry has accelerated its inward roll, and companies in the industry chain are generally feeling anxious. "Now all the heroes from all walks of life to this track inside, in another place anxiety finished and then come to bring us anxiety." Xu Jinfu said helplessly at the meeting, lithium track now has 89,000 companies, only 2022 to now a year and a half, a new registration of 58,000 companies. He lamented: "People outside who did not enter this track, thinking that there is gold everywhere, is actually just a legend. In fact, this track is not as fun as imagined."
In addition, the industry's "theft of the doctrine" that infringement is becoming a challenge to the development of enterprises, as the current lithium industry into a period of rapid development, attracting a lot of capital to enter the pie, but these entrants technical background, reserves of good and bad, resulting in serious homogenization of industrial technology path.
"A lot of cross-border companies over the industry's technology precipitation, reserves are extremely weak, it is difficult to enter the natural breakthroughs and innovation, more choose to imitate, drawing a diagram from a gourd, resulting in the same technology path, homogenization is also logical." Li Jianjie, a senior investment advisor of JF Investment Consulting, told reporters that.
In Li Jianjie's view, the current point of anxiety for enterprises is, first, the current market concerns, overcapacity leads to oversupply, market sales will determine the development of the enterprise at this stage; second, the industry's concerns, too many companies across the border into the capacity of disorderly expansion, the industry's golden development period, but also because of excessive internal volume and greatly shortened. Therefore, in the development stage of oversupply, industry reshuffle is inevitable.
Going abroad and energy storage become the new battlefield
Behind the apprehension, going abroad and energy storage market has become a new hope for lithium enterprises.
In Zhang Xiaofei's view, "the future growth of energy storage is more than the power battery, and because the customer is very decentralized, not to be monopolized, and the number of new energy vehicle leading enterprises BYD's export growth, but also the industry chain has the opportunity to go overseas together."
Li Jianjie likewise told reporters that the market space to go to sea and energy storage to lithium materials provide two important directions for outbound expansion. "Go to sea to occupy the international market, can alleviate the domestic lithium materials market inward volume of the dilemma; energy storage whether domestic or foreign, provide a new direction of lithium batteries, lithium materials applications, greatly enhance the overall capacity of the market."
And Tianli lithium energy is also optimistic about the market of energy storage, Tianli lithium energy chairman Wang Ruiqing said: "lithium materials are also the basis of energy storage, we laid out in Sichuan Ya'an lithium iron phosphate is geared to the large market of energy storage, because the future space of the energy storage market is at least five to six times the new energy vehicles, so we accelerate the layout of the energy storage market, I believe that in the last year or two the company's share of energy storage will We believe that in the next year or two the company's share of energy storage will account for 30% to 40% of total revenue."
Dr. Liu Zhonggang, manager of the R&D department of new energy materials of Amint, expects that the market size of energy storage battery will reach 211.9 billion yuan in 2026, and the rapid development of energy storage battery also promotes the rapid growth of the market of anode materials for energy storage.
In addition, under the heavy pressure of the industry, cost reduction has also become the way of survival for enterprises. In Xu Jinfu's view, the core of manufacturing is still cost. Only through product innovation, technological innovation, market innovation, resource allocation innovation and organizational innovation can enterprises truly form a real core competitiveness, especially through independent innovation to form a greater premium capacity.
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