China Business Intelligence Network News: In today's rapidly developing era of science and technology, the transformation of the energy field is in full swing. Among them, lithium batteries stand out in many fields with their significant advantages such as high energy density, long life, and low self-discharge rate, from electric vehicles to portable electronic devices. As a key link in the production and manufacturing of lithium batteries, the importance of lithium battery equipment is self-evident.
1. Overview of lithium battery equipment
1. Definitions
Lithium battery equipment, that is, lithium battery manufacturing equipment. Lithium battery manufacturing equipment refers to the general term of various types of equipment that use equipment to make electrochemical materials into battery cells and participate in the assembly of battery systems through various processes, and is the basic equipment for lithium battery manufacturing. Lithium battery manufacturing equipment plays an important role in manufacturing cells and battery packs with high consistency, good stability, excellent performance and safety.
2. Classification
According to the different steps of the corresponding lithium battery production, lithium battery production equipment can be divided into front-end equipment, middle-end equipment, and back-end equipment.
Source: Compiled by China Business Industry Research Institute
3. Industrial chain
The upstream of the industrial chain of the lithium battery equipment industry is mainly steel, aluminum, mechanical parts and electrical components, etc., the midstream is the front, middle and rear links of lithium battery equipment, and the downstream is mainly lithium batteries, including power batteries, energy storage batteries, consumer batteries, etc.
Source: Compiled by China Business Industry Research Institute
Second, the relevant policies of the lithium battery equipment industry
The state attaches great importance to the development of lithium battery equipment and related industries, and has issued a number of policies such as the "Standard Conditions for the Lithium Battery Industry (2024)" to provide a good environment for the development of the industry.
Third, the status quo of the lithium battery equipment industry
1. Global lithium battery equipment market size
According to the "2024-2029 Global and China Lithium Battery Manufacturing Equipment Industry Development Status Survey and Investment Prospect Analysis Report" released by the China Business Industry Research Institute, the global lithium battery equipment market will reach 186.9 billion yuan in 2023, a year-on-year increase of 44.66%. Analysts from the China Business Industry Research Institute predict that the global lithium battery equipment market will reach 233.6 billion yuan in 2024.
Data source: China Commercial Industry Research Institute
2. The size of China's lithium battery equipment market
In 2023, China's lithium battery equipment industry will be affected by the "volume and price decline", and the market size of the industry will decline. According to the "2024-2029 Global and China Lithium Battery Manufacturing Equipment Industry Development Status Survey and Investment Prospect Analysis Report" released by the China Business Industry Research Institute, the market size of the lithium battery equipment industry in 2023 will be 90 billion yuan. Analysts at the China Business Industry Research Institute predict that the market size of China's lithium battery equipment will be about 75 billion yuan in 2024.
Data source: GGII, compiled by China Business Industry Research Institute
3. Cost composition
The cost of lithium battery equipment includes raw materials, labor costs, and manufacturing expenses. Taking LEAD as an example, raw materials accounted for the largest proportion, decreasing from 85.25% in 2019 to 78.69% in 2023, labor costs were basically stable, remaining between 8% and 10%, and manufacturing costs increased from 5.64% in 2019 to 11.64% in 2023.
Data source: China Commercial Industry Research Institute
4. Enterprise layout
At present, domestic lithium battery equipment enterprises have the technical conditions to independently complete the front, middle and back processes, among which the equipment required for the front and middle processes has been basically localized.
The lithium battery equipment companies in the front stage include Pilot Intelligence, Yinghe Technology, Keheng Co., Ltd., Putailai, Golden Galaxy, North Huachuang, etc.; The mid-section lithium battery equipment enterprises include Pilot Intelligence, Yinghe Technology, Greensheng, etc., mainly laying out winding machines, laminating machines and welding machines; The back-end lithium battery equipment enterprises include Pilot Intelligence, Hangke Technology, etc., which mainly lay out the related equipment required for formation and capacity testing.
Fourth, lithium battery equipment key enterprises
1. Pilot intelligence
Wuxi Pilot Intelligent Equipment Co., Ltd. is a leading enterprise in the industry, mainly engaged in the research and development, design, production and sales of high-end non-standard intelligent equipment. The company's business covers lithium battery intelligent equipment, photovoltaic intelligent equipment, 3C intelligent equipment, intelligent logistics system, automotive intelligent production line, hydrogen energy equipment, laser precision processing equipment and other fields, and can provide customers with intelligent manufacturing + service as one of the overall solutions of intelligent factory.
According to the 2023 financial statements of LEAD Intelligence, LEAD achieved operating income of 16.63 billion yuan and net profit attributable to the parent company of 1.775 billion yuan.
According to the product classification, 76.03% of the operating income of LEAD Intelligence in 2023 will be created by lithium battery intelligent equipment, and the rest of the operating income will be created by other businesses.
2. YH Technology
The main business of Shenzhen Yinghe Technology Co., Ltd. is lithium battery automation equipment and services and electronic cigarette business. The company's lithium battery automation equipment is widely used in the main process of lithium battery production. Through continuous R&D and innovation, the technical performance of the company's coating machine, roller press, slitting machine, tablet machine, winding machine, lamination machine, assembly line and other core equipment is industry-leading, and has been recognized by first-line customers at home and abroad.
According to the financial statements of YH Technology in 2023, YH Technology achieved operating income of 9.75 billion yuan and net profit attributable to the parent company of 554 million yuan.
According to the product classification, 63.01% of the operating income of YH Technology in 2023 will be created by lithium battery special equipment, and the rest of the operating income will be created by other businesses.
3. Li Yuanheng
The main business of Guangdong Liyuanheng Intelligent Equipment Co., Ltd. is the research and development, production and sales of intelligent manufacturing equipment, providing high-end equipment and factory automation solutions for lithium batteries, auto parts, precision electronics, security and other industries.
According to the 2023 financial statements of Li Yuanheng, Li Yuanheng achieved an operating income of 4.994 billion yuan and a net profit attributable to the parent company of -188 million yuan.
According to the product classification, 76.58% of Li Yuanheng's operating income in 2023 will be created by lithium battery special equipment, and the rest of the operating income will be created by other businesses.
4. Golden Galaxy
The main business of Foshan Jinyin Intelligent Equipment Co., Ltd. is high-end equipment manufacturing, including new energy equipment manufacturing and new chemical material equipment manufacturing. The main products are lithium battery production equipment, silicone production equipment, and chemical products.
According to the 2023 Golden Galaxy financial statements, Golden Galaxy achieved an operating income of 2.252 billion yuan and a net profit attributable to the parent company of 94 million yuan.
According to the product classification, 73.98% of Golden Galaxy's operating income in 2023 will be created by lithium battery production equipment, and the rest of the operating income will be created by other businesses.
5. Hanchuan Intelligence
Suzhou Hanchuan Intelligent Technology Co., Ltd. is a professional intelligent manufacturing overall solution provider, focusing on the main channel of automotive electrification and intelligence, mainly engaged in the research and development, design, production, sales and service of intelligent manufacturing equipment and systems, providing customers with flexible, efficient and professional intelligent manufacturing solutions, the main products are automotive intelligent manufacturing equipment, battery intelligent manufacturing equipment and emerging business products.
According to the 2023 financial statements of Hanchuan Intelligence, Hanchuan Intelligent achieved operating income of 1.339 billion yuan and net profit attributable to the parent company of -85 million yuan.
According to industry classification, 37.26% of Hanchuan Intelligence's operating income in 2023 will be created by battery intelligent manufacturing equipment, 8.6% will be created by charging and swapping intelligent manufacturing equipment, and the rest of the operating income will be created by other businesses.
Fifth, the prospect of lithium battery equipment industry
1. Policies to support the development of the industry
The Chinese government's policy support for the new energy vehicle and lithium battery equipment industry continues to increase. Industry-related policies such as the "New Energy Vehicle Industry Development Plan" and the "Guiding Opinions on Further Building a High-quality Charging Infrastructure System" have been introduced to promote infrastructure construction and promote the completion of supporting equipment such as charging and swapping stations; Promote the coordination of the industrial chain, and strengthen the integration of upstream resource development, midstream battery manufacturing and downstream automobile production. The support of the policy stimulates market demand and provides growth space for the lithium battery equipment industry.
2. The acceleration of solid-state batteries is expected to help the development of the industry
As the penetration rate of new energy vehicles continues to increase, the safety accidents of new energy vehicles caused by battery thermal runaway have become a major challenge for the new energy vehicle industry. In addition, as the technology of liquid lithium batteries becomes more and more mature, it is more and more difficult to improve their energy density, which limits the range of new energy vehicles, and range anxiety has become another major bottleneck that restricts the further increase of the penetration rate of new energy vehicles. All-solid-state batteries use solid electrolytes to replace flammable and explosive electrolytes to achieve the intrinsic safety of the battery, and at the same time, higher specific capacity positive and negative electrode materials can be applied to open the energy density ceiling of lithium batteries, which has become an inevitable choice to comprehensively improve the performance of lithium batteries. However, there are still problems such as high manufacturing cost and poor conductivity of the solid-solid interface, which limit its large-scale commercial application. The accelerated implementation of solid-state batteries is expected to help the development of its upstream lithium battery equipment industry.
3. The low-altitude economy is expected to continue to drive the development of the industry with new energy
In February 2024, the Ministry of Industry and Information Technology and other four departments jointly issued the "Implementation Plan for the Innovative Application of General Aviation Equipment (2024-2030)", proposing that by 2030, a new model for the development of the general aviation industry characterized by high-end, intelligent and green will be basically established, forming a trillion-level market scale. Support the Yangtze River Delta, Guangdong, Hong Kong and Macao and other key regions, with eVTOL as the focus on application demonstration. With the support of national policies, the low-altitude economy is expected to enter the fast lane of development, continue to connect new energy vehicles, and drive the sustained and rapid growth of lithium battery and other industries.
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Lithium Equipment Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.