2024-2025年电池产业监测报告：市场发展概述及价值链的战略选择（英文版）

Investment Rating - The report does not explicitly provide an investment rating for the battery industry, but it highlights significant challenges and opportunities within the sector, indicating a cautious approach to investment decisions. Core Insights - The battery industry is currently experiencing volatility due to fluctuating demand and geopolitical uncertainties, particularly in the context of electric vehicle (EV) market penetration and production capacity [5][11]. - Cost reduction is emphasized as a critical theme in the battery market, driven by structural overcapacity in China and profitability challenges for automotive OEMs [17][21]. - Sustainability remains a priority, with European CO2 reduction targets achievable through various optimization strategies in the battery value chain [18][28]. Summary by Sections Overarching Market View - The battery market is characterized by a focus on cost reduction due to overcapacity in China and competitive pressures from cheap imports [17][58]. - The demand for lithium-ion batteries is projected to be volatile, with significant variations in forecasts for 2030 demand ranging from 4.0 TWh to 4.6 TWh [67][68]. - The EU and US are adopting different strategies to address market uncertainties, with the US implementing protective measures against Chinese imports while the EU focuses on local value chain development [74][75]. Battery Materials - The slowdown in EV sales is impacting the battery materials supply chain, leading to falling raw material prices and potential supply constraints in the future [100]. - Innovations such as LMFP and silicon-rich anodes are being explored to enhance battery performance and sustainability [100]. Battery Production - The report discusses the challenges associated with production ramp-up and the need for sustainability amid increasing competition [14][19]. - The production capacity of Chinese battery manufacturers has exceeded local demand, creating pressure on Western markets [11][12]. Product Performance - The report assesses the drivers of EV adoption and the challenges that remain, particularly in terms of battery performance and cost [14][19]. - LFP-based technologies are expected to increase their market share significantly by 2030 due to their cost advantages and safety features [43][44]. Battery Usage - Insights into the energy sector's response to increasing EV demand are provided, evaluating the impact of the energy transition on sustainable transportation [15]. Circular Battery Economy - The chapter addresses battery recycling, reuse, and refurbishment, highlighting the influence of EU regulations on the circular economy approach for batteries [15].