New car electric power is the most important part of the mobile power batteries, electric motors and systems for energy conversion, control, battery fast charging, high security, threshold is the highest technology but also concentrated the most profits. Investment Advisor in the Ministry stressed that the energy industry for new cars, new energy vehicles demanding on the battery must be of high specific energy, high specific power, fast charge and depth discharge performance, but also for the lowest cost possible, to use life as long as possible. VGP-BPS8 VGP-BPS8A
According to the Investment Advisor “issued by the battery industry in China, 2009-2012 Investment Analysis and Forecast Report” shows that new energy vehicles moves “Ni-MH – Lithium – Battery fuel” the path of industrial development. short-term performance can be achieved only nickel-hydrogen batteries, lithium iron immature phosphate, and the Ministry of Industry and Energy has issued new standards for vehicle access a new NiMH battery manufacturers have seen in the hope of short duration. However, 3-5 years after the maturity of the technology of lithium hydroxide, lithium nickel market will be gradually eroded. VGP-BPS9 VGP-BPS9A/B
In addition, in recent years, the fuel cell (FC) and technological advances that the dream of hydrogen become a reality in the 21st century. Hydrogen vehicles fuel cell (FCV) has been the world’s governments and enterprises attach great importance, and has made significant progress in the next 5 – 10 years FCV officially enter the market position of hydrogen supplies, transportation of hydrogen, pipeline construction, marked the hydrogen economy “horizon.
Found that suppliers of lithium batteries in Japan represent an important position, and began to develop a unified specification lithium battery, the safety standards of care. In the United States not to become dependent on imported oil dependency lithium foreigners, also support electric cars and lithium battery manufacturers, the U.S. Department of Energy has also approved in 2009, 250 billion dollars in loans. By comparison, automakers in Europe although in the green environmental protection energy conservation is very radical, even more radical, but they improve the conventional engine (as its “small”, using the steam / diesel direct injection, etc.), or vehicles powered by hydrogen, is more evident. VGP-BPS9/S VGP-BPS9/B VGP-BPS9A
1. Favorable investment policies NiMH Welcome Day
investment consultant in industrial research center was informed in June 2010 and workers 25 days to inform the ministry announced a “new energy companies, auto manufacturing and the rules of access products, and effective July 1 to December 31, 2010 apply. Ministry of Industry and implement new standards, to produce hybrid vehicles of nickel-hydrogen battery is classified as a mature product, allowing the use of sales to Nationally, the industry of Ni-MH is a big plus.
1.1. Development Analysis of the Ni-MH
The Ni-MH has entered a mature stage, is used in hybrid electric vehicle battery, the only real validation was commercial, large-scale battery system, the Global Fund to mass-produced hybrid car was used in all the system Ni-MH. Satellite M105 battery Satellite M40 battery
According to the Investment Advisor “emitted by vehicles in China New Energy 2008-2010 Industry Analysis and Investment Consulting Report” survey shows that 99% of existing shares of the battery market for hybrid batteries, nickel- Hydrogen, Toyota Prius sales representatives. leading global manufacturer of automotive batteries mainly in Japan and Sanyo PEVE, Global PEVE powered hybrid vehicles account for the Ni-MH with 85% market share, currently the main vehicles like the Toyota hybrid Prius Alphard Estima and, and Honda Civic, Insight takes all hydrogen PEVE nickel.
Currently, along Anjie Xun A5 Chery, FAW Pentium, General Grand Hyatt brands already in the model car to run, they are also used in nickel-metal hydride batteries, but batteries are buyers foreign national nickel-metal hydride used in the car game is still in development phase. Keli is far from working with inside Chery Automobile, Chang’an Automobile and cooperation, the first production line of products to supply Chery Automobile. Satellite M45 battery Satellite M50 battery
1.2. Industry Ni-MH and company analysis
Ni-MH batteries in China in technology and resources are an advantage, in which the leader of the properties of nickel hydroxide, rare earth rich in natural resources, has unique advantages in resources, therefore, the development of nickel-hydrogen batteries is our most realistic option.
Investment Advisor in the Ministry that the new energy industry of the automobile, from the perspective of the Ni-MH battery industry chain, upstream raw material metal mineral exploration sector company, midterm for materials nickel metal hydride suppliers, downstream manufacturers of battery. From a more optimistic view of middle and lower industrial chain manufacturers, competition in upstream suppliers now supply and demand balance, but the battery is far downstream and median Keli torch high-tech companies are rare in the state. Satellite M55 battery Tecra A3 battery
Upstream nickel miner Jean nickel and nickel-metal hydride battery production center of interior materials listed companies, including technology Jinrui (cathode material spherical nickel hydroxide), Xiamen Tungsten and Baotou Steel Rare Earth (RE hydrogen storage alloy powder anode), in which Xiamen Tungsten is the production of Ni-MH hydrogen storage powder leading companies, the downstream manufacturers in China with a production capacity of nickel-hydrogen batteries, or plan to enter the field of business, including Chunlan Group Keli away, holding the torch, Hunan Shenzhou, shares Kane, etc., which Chunlan HEV Ni-MH is the leader technological leader in market share, holding the torch and Hunan Shenzhou also have some basic technical and market position, while Keli Kane by far and is still limited to single battery main product, the project battery under construction or preparation of clear prospects. Tecra A4 battery Tecra A5 battery
1.3. The prospect of a Ni-MH
As international oil prices to 70 dollars, the benefits of new energy vehicles starting to show. The global supply of crude oil prices continued to increase, government, research institutions and companies to accelerate the development and promotion of new energy vehicles in the direct reason. Meanwhile, the market conditions, changes in international energy into the environment, but also new energy vehicles (currently mainly hybrids) debut, has created.
In the development of new energy vehicles, the technology of nickel-hydrogen batteries more mature over the next three years will remain the mainstream of new energy vehicles, followed by the technology of nickel-hydrogen batteries and iron phosphate lithium batteries, hydrogen-thirds of the world will gradually 5 years lithium batteries and fuel cells replaced. Matsushita Battery giant Sanyo has also agreed that the lithium-ion batteries in 2 to 3 years can not replace the nickel-hydrogen batteries, nickel-hydrogen batteries are mainly low security, has reached the scale of production. Lithium batteries also need to continue to research topics such as security, so take some time commercial. Tecra A6 battery Tecra A7 battery
Economic analysis by Fuji, the nickel-hydrogen batteries usually runs until 2011 but after 2011, the lithium batteries will gradually erode the market share of the Ni-MH, the agency estimated in 2009 cars with rechargeable NiMH batteries in the world market level than the previous year by 23.7% to 92 billion yen, but the car in 2015, with NiMH rechargeable battery market will grow to 55 billion yen.
2. Lithium power of three major investment opportunities
2.1. Lithium Analysis
Batteries traditional lead-acid, nickel cadmium and nickel-technology hydrogen itself, more mature, but they use the battery in the car as a major problem exists. Currently, car manufacturers increasingly choose, such as lithium new energy vehicles. VGP-BPS9A VGP-BPS9A/B
Lithium has the following advantages: small size, light weight, high power (a nickel-cadmium batteries, nickel-hydrogen 3-fold) than the high energy (up to 165WH /? K is 3 times more battery NiMH batteries), recycling long life, low self-discharge, no memory effect, no pollution, safety and good.
Many automakers are well known to work to develop lithium-motor skills such as Ford, Chrysler, Toyota, Mitsubishi, Nissan, Hyundai, France Courreges, then Ventury. The domestic auto BYD, Geely, Chery, Lifan, ZTE and other firms also have their own vehicles and hybrid electric vehicle equipped with lithium batteries.
Based on years of investment advisers and monitoring data, and communications companies, the development of lithium batteries on the vehicle, the market size and future trends of research in depth, summarize the findings showed the development cycle, the current automotive market lithium battery is the import period began in a period of rapid growth. VGP-BPS13/S VGP-BPS10
2.2. Industry lithium batteries and the company’s view on the river
chain of battery cell industry, including suppliers of non-ferrous materials upstream, midstream and downstream of battery materials, lithium battery manufacturer. Of these, lithium iron phosphate battery cathode materials investment opportunities the most promising, and key raw materials, iron phosphate and lithium is lithium carbonate, lithium carbonate formed by the extraction mineral resources, limited in nature reserves, with strong regional organizations and rarity, are scarce resources. Therefore, in the industry chain of new energy automobile, the strategic resources of lithium is particularly important. ThinkPad T43 battery ThinkPad T43P battery