Lyon: Battery demand accelerates, global demand for lithium batteries is expected to increase 25% next year

According to the Zhitong Finance App, Lyon released a research report saying that battery demand is expected to continue to be supported by the increase in the battery capacity of each car, the increase in the penetration rate of pure electric vehicles, and more extensive energy storage construction, and that more restraint on the supply side will also help the industry's pricing next year. The bank currently predicts that global demand for lithium batteries in 2027 will be about 3,960 GWH, an increase of about 25% over the previous year.

The bank pointed out that according to data from the China Association of Automobile Manufacturers, wholesale sales of new energy vehicles in China reached 12.47 million units in the first nine months of this year, up 11.4% year on year; as of September, the charged capacity of pure electric passenger cars and hybrid passenger car bicycles in China was 43 kilowatt-hours and 63.8 kilowatt-hours respectively, up 46.3% and 13.5%, respectively. On the European side, the bank expects sales of new energy vehicles to maintain growth of more than 35% and 25% in 2026 and 2027, respectively. In terms of energy storage, the bank expects China's new installed capacity to rise 30% to 40% year on year in 2027, and AIDC-related energy storage demand is also expected to continue to be released as computing power infrastructure is built.

The bank believes that in 2027, industry supply and demand will be further improved, industrial chain prices will rise steadily, high-end products are expected to obtain higher technical premiums, and the acceleration of commercialization of solid state batteries is also expected to create investment opportunities in batteries, materials and equipment. It is recommended to focus on high-quality supply chain leaders with high technological differentiation and strong cost control; it is optimistic about BYD (01211) flash charging mass production and delivery, Ningde Era (03750) third-generation Shenxing batteries, and Geely Automobile (00175) smart charging, etc., which is expected to help the pure electric usage experience move closer to pure fuel-electric vehicles. The rate continues to rise .