Tou Bao Yan Jiu Yuan·2025-04-15 12:48Investment Rating - The report does not explicitly state an investment rating for the lithium battery export industry Core Insights - The lithium battery export industry refers to the expansion of Chinese lithium battery companies into overseas markets, covering the production and sales of both power and energy storage batteries, with significant growth driven by global energy transition and surging demand in electric vehicles and energy storage markets [3][4][36] - The industry is characterized by deepening internationalization, collaboration among equipment manufacturers, and challenges such as demand slowdown and increasing trade barriers [10][11][12] Summary by Sections Industry Definition - The lithium battery export industry encompasses the global production and sales of power and energy storage batteries by Chinese companies, involving overseas manufacturing, supply, equipment exports, and international collaborations [4] Industry Classification - The industry can be classified based on the method of overseas expansion, which includes overseas supply and overseas manufacturing [5][6] Overseas Supply - In 2024, China exported 3.91 billion lithium batteries worth $61.12 billion, with overseas supply remaining the mainstream approach, especially for emerging markets [7] Overseas Manufacturing - Over 20 lithium battery companies have established manufacturing bases overseas, particularly in response to local production requirements driven by policies like the US IRA [8] Industry Characteristics - Key characteristics include deepening internationalization, the export of lithium battery equipment manufacturers, and challenges from demand slowdown and trade barriers [10] Development History - The industry has evolved from primarily overseas supply before 2020 to accelerated overseas capacity layout post-2020, with significant investments in manufacturing bases abroad [15][17] Industry Chain Analysis - The lithium battery export industry chain includes upstream material and equipment manufacturers, midstream battery manufacturers, and downstream customers in the new energy vehicle and energy storage sectors [19][20] Market Size - The market size of the lithium battery export industry grew from $15.943 billion in 2020 to $61.110 billion in 2024, with a projected CAGR of 39.92% [36] Future Market Changes - Future changes in the market are influenced by global energy transition, technological innovation, and policy support, with expectations of continued growth in overseas demand for energy storage solutions [41][42][44] Competitive Landscape - Leading companies like CATL and BYD dominate the market due to their technological advancements, scale effects, and comprehensive supply chains, with emerging players like EVE Energy and Guoxuan High-Tech also gaining market share [47][49]