Lithium battery is the best choice for electric bicycles

Due to the huge stock of lead-acid batteries, the market prospects of "lead-to-lithium" in the field of electric bicycles are attractive, but the road to replacement is not easy. It is conceivable that lithium battery companies from across the border want to profit from the electric bicycle market, and they face challenges in terms of cost, channels, and product standards.

First, ATL's subsidiary Xinneng’an Lithium Battery reached a cooperation with Yadea; then Ningde Times established a joint venture company Ningde Zhixiang with Haro Travel and Ant Financial, focusing on two rounds of new energy product research and development, innovation promotion, and energy network construction; At the same time, BYD is discussing cooperation with leading electric bicycle companies and actively deploying... the market battle is about to start. The competition of lithium battery giants is extending from the field of electric vehicles to the field of electric bicycles.

The lithium battery industry pattern has undergone a major reversal

Such a change in the competition of lithium batteries is not an overnight thing. Entering 2019, market competition in the power battery industry has further intensified, and the industry reshuffle has accelerated. Under a lot of pressure, OEMs have put forward stricter battery price reduction requirements. At the same time, the new subsidy policy puts forward higher requirements on the comprehensive performance of new energy vehicles and power batteries, which means that OEMs and battery factories need to further upgrade their products.

In order to reduce costs and enhance market competitiveness, OEMs will comprehensively consider battery companies in terms of product quality, product prices, supply capacity, and corporate funds, but there are not many battery companies that can meet the above requirements. This also means that the vast majority of battery companies need to adjust the company's market strategy for 2019 and find out the company's product market positioning as soon as possible.

With the entry of high-end lithium battery giants such as ATL and CATL, the electric bicycle market is currently fighting fiercely. Traditional lead-acid battery manufacturers, lithium battery companies that have been deeply engaged in electric light vehicles for a long time, and cross-border entrants from the field of new energy vehicle power batteries have stirred up the "two-wheeler rivers and lakes." In the view of industry insiders, the entry of lithium battery giants will likely subvert the traditional bicycle battery competition. Even within lithium batteries, there is fierce competition among different technical routes.

Judging from the market situation this year, the market pricing of major brands of lithium batteries has been lowered to a certain extent. With the advantages of greater energy density, cleaner, environmentally friendly, and lighter products, the replacement of lead batteries by lithium batteries has accelerated significantly. . It is estimated that my country's lithium battery electric bicycles will exceed 10 million in 2020, and the penetration rate will exceed 50% by 2021, achieving a major reversal of the industrial pattern.

Several companies start new layouts

The high requirements for the safety of power batteries in the new national standard for electric bicycles, as well as its own low-cost characteristics, make lithium iron phosphate batteries one of the most powerful competitors in the electric bicycle power battery market.

Companies have long been the first to deploy. Many companies have started the research and development of electric bicycle power batteries in the early years. The relevant layout in the field of electric bicycle batteries will help promote the development of the electric bicycle industry. Companies are generally divided into two directions. One is to stick to the power battery market, through product technology upgrades and capacity expansion to enhance product competitiveness and reduce costs, optimize customer structure and strategic cooperation with high-quality customers; the other is to reduce or abandon Power business, adjust product structure and develop market segments that do not rely on subsidies such as small power, energy storage, electric bicycles, and low-speed vehicles, and implement differentiated competition strategies.

The strict quality requirements for power batteries in the new national standard will also free electric bicycle power batteries from the label of "low-end products". The electric bicycle power market has become another "blue ocean" for battery companies to deploy high-end production capacity.

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