KIJO lithium-ion batteries are representative of modern high-performance batteries, which are widely used in industries such as mobile phones, electric vehicles, power tools, and digital cameras. The four key materials of lithium batteries include positive electrode, negative electrode, electrolyte, and separator. Among them, the positive electrode material is the most critical raw material for lithium batteries, and the cost accounts for 40%. In recent years, with the steady increase in demand for lithium batteries from 3C products, and the market for new energy vehicles is gradually expanding and the demand for energy storage batteries is expanding, the application and significance of lithium ion battery energy storage system are gradually emerging.
Lithium battery output continues to grow. In recent years, with the steady increase in demand for lithium batteries from 3C products, and the gradual expansion of the market for new energy vehicles and the expansion of demand for energy storage batteries, the scale of China's lithium battery output has increased year by year. In 2019, China's lithium-ion battery output was 15.722 billion, a year-on-year increase of 12.40%. In the first three quarters of 2020, China's lithium-ion battery output was 12.567 billion, a year-on-year increase of 7.8%.
With the rapid development of China's mobile phones, electric vehicles, power tools, digital cameras and other industries, the demand for lithium batteries will continue to grow, which drives the main power battery companies to increase stocking and increase production capacity, directly driving the increase in demand for lithium battery positive and negative materials. At the same time, lithium battery manufacturers continue to innovate in technology, and will continue to make technological breakthroughs and research and development for materials such as lithium battery positive and negative electrodes, and use materials with stronger functionality and less pollution. To sum up, the lithium battery industry has a good development prospect.