With the rapid growth of China's new energy vehicle industry, the demand for power batteries has surged in recent years, ushering in a "golden era" for the sector. As Chinese companies expand production and explore overseas markets, foreign lithium giants are also setting their sights on the Chinese market, actively entering the scene.
It is forecasted that China's lithium-ion battery output will reach 7.35 billion units in 2017, with a compound annual growth rate expected to be around 7.17% from 2017 to 2021. Foreign firms remain optimistic about the potential of the Chinese lithium battery market, targeting the four key materials: positive and negative electrode materials, separators, and electrolytes.
Japan’s Wu Yu Chemical has entered the fluorine materials market in China. In September 2015, the company established a design fluorine material firm in Changshu, Jiangsu, investing 1 billion yen to build a PVDF production base with an annual capacity of 5,000 tons. The facility covers 135 mu and focuses on producing polyvinylidene fluoride (PVDC) resin, a key component in lithium batteries.
Wu Yu Chemical is a global chemical and resin company, with PVDF being its flagship product, holding 70% of the global market share.
Belgium’s Umicore is expanding its nickel-cobalt-manganese cathode material production in China. In May 2016, the company announced plans to invest 160 million euros to triple its current production capacity by 2018. This expansion aims to meet the rising demand for pure electric vehicle battery materials in China.
Umicore is a global materials technology group, operating in three main sectors: Catalysis, Energy & Surface Treatment Technology, and Recycling, providing cutting-edge solutions across industries.
In March 2017, Morita Chemical Industry Co., Ltd., along with Sumitomo Corporation and Morita New Energy Materials (Zhangjiagang) Co., Ltd., launched a joint project in Taixing Economic Development Zone. The lithium hexafluorophosphate electrolyte plant is set to produce 10,000 tons annually, with an estimated sales volume of 1.7 billion yuan per year.
Morita Chemical, with over 70 years of experience in fluorine compounds, is a global leader in this field. The company has been active in the lithium battery industry since 2004, with a current production capacity of 3,000 tons per year.
Freudenberg, a German-based global technology group, has also laid out its strategy in China. In May 2017, the company held a press conference in Beijing, focusing on new energy transportation and battery diaphragm technology. Their ceramic-coated diaphragms offer superior temperature stability, porosity, and wettability, enhancing battery safety and longevity.
Liu Xiang, sales manager at Freudenberg Breguet (Suzhou) Co., Ltd., explained that the company's diaphragms use polyester nonwovens as carriers, supporting flexibility across various battery designs. Compared to traditional products, Freudenberg’s diaphragms provide significant safety improvements, making them more heat-resistant and extending battery life.
The global lithium battery materials market is dominated by Japan, South Korea, and the U.S./Europe. These regions have a head start in lithium-ion technology, with higher technical standards and better quality control than China. As foreign companies continue to expand in China, they bring both opportunities and challenges to domestic players.
While Chinese enterprises benefit from favorable timing and location, they still lack high-end core technologies, allowing international competitors to capture market shares. However, the presence of these global players has accelerated the development of the lithium battery market in China.
To truly compete, domestic companies must focus on independent innovation and learn from foreign expertise. Only through technological advancement can China achieve industrial upgrading and secure long-term benefits in the global lithium battery market.
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