Core Viewpoint - The article emphasizes the strong growth potential of ternary cathode materials (NCM/NCA) in high-end digital and small power sectors due to their high energy density, long cycle life, and excellent rate performance [1] High-end Digital Sector - The demand for lightweight and long-lasting batteries in 5G devices, high-end laptops, and AR/VR devices is driving the adoption of ternary materials, which have a single energy density advantage (≥250Wh/kg), gradually replacing traditional lithium cobalt oxide [2] - The penetration rate of ternary materials in the high-end digital sector is expected to exceed 40% in the next three years [2] Small Power Sector - In the electric tools, two-wheeler, and drone markets, ternary materials are achieving breakthroughs in fast charging and low-temperature performance through high nickel content and doping modification technologies while ensuring safety [2] - By 2024, the share of ternary materials in global small power lithium batteries is projected to reach 35%, with an annual growth rate exceeding 20%, becoming a key alternative to lead-acid and lithium iron phosphate batteries [2] Market Growth and Projections - The shipment volume of ternary materials in the domestic digital and small power non-dynamic energy storage market is expected to reach 47,000 tons in 2024, representing a year-on-year growth of 11.9% [3] - The demand in this market is anticipated to continue growing, with projections indicating that shipment volume will reach 108,000 tons by 2030 [3] Recent Data Insights - In the first half of 2025, the shipment volume of ternary materials in the domestic digital and small power non-dynamic energy storage market was 28,000 tons, reflecting a year-on-year increase of 13.4% [4] - Major contributors to this growth include Tianli Lithium Energy, Mengguli New Materials, Zhejiang Haichuang, and Shaanxi Hongma, which ranked among the top four in shipments for both 2024 and the first half of 2025 [4] Future Outlook - The demand for ternary materials in the domestic digital and small power non-dynamic energy storage market is expected to remain high in the second half of the year, with an estimated total shipment volume of 53,000 tons for the year, marking a year-on-year growth of 12.8% [5]

Core Viewpoint - The article emphasizes the strong growth potential of ternary cathode materials (NCM/NCA) in high-end digital and small power sectors due to their high energy density, long cycle life, and excellent rate performance [1] Group 1: High-End Digital Sector - The demand for lightweight and long-lasting batteries in 5G devices, high-end laptops, and AR/VR devices is driving the adoption of ternary materials, which have a single-cell energy density advantage (≥250Wh/kg), gradually replacing traditional lithium cobalt oxide [2] - The penetration rate of ternary materials in the high-end digital sector is expected to exceed 40% in the next three years [2] Group 2: Small Power Sector - In the electric tools, two-wheeler, and drone markets, ternary materials are achieving breakthroughs in fast charging and low-temperature performance through high nickel and doping modification technologies while ensuring safety [2] - By 2024, the share of ternary materials in global small power lithium batteries is projected to reach 35%, with an annual growth rate exceeding 20%, becoming a key alternative to lead-acid and lithium iron phosphate batteries [2] Group 3: Market Growth and Projections - The shipment volume of ternary materials in the domestic digital and small power non-dynamic energy storage market is expected to reach 47,000 tons in 2024, representing a year-on-year growth of 11.9% [3] - The demand for ternary materials in the domestic non-dynamic energy storage market is anticipated to remain high, with an estimated total shipment of 53,000 tons for the year, reflecting a year-on-year increase of 12.8% [5]