Ternary material is expected to continue boom

China's new energy vehicle sales less than expected in 2016, but the upper reaches of the lithium market is still optimistic about the industry, the market is expected to continue ternary material boom situation.

In smartphones, wearable devices and other electronic products led case, 3C consumer electronics market entered a stable stage of development. 3C products due to higher capacity of the battery life and portability requirements, ternary material are gradually replacing conventional batteries lithium cobalt oxide market share. With the emergence of mobile phone replacement rate, as well as smart wristbands and other new 3C products, 3C consumer electronics market in the future development trend is still bullish, ternary materials battery share in 3C consumer electronics market will grow steadily.

Ternary material ready to enter into electric logistics vehicle market

In a few days ago the Ministry announced the first 288 batch declared "road motor vehicle manufacturers and product announcement" of new vehicles catalog, containing pure electric special vehicles 150 models, of which more than 80% are electric logistics vehicles, a total of 84 models to choose ternary batteries route. There are 84 models to choose ternary battery route, 22 models to choose LiFePO4 battery pack, ternary battery line basically stable at between 55-60%; while the new program units contained mass energy consumption is not more than 0.5 Ekg requirements highlights the advantages of high energy density ternary battery, ternary penetration rate is expected to further increase to about 70%.

Driven by the new energy passenger cars and special vehicles, ternary material market demand high, which is benefit for portable solar powrer generator, after adjustment policies related to subsidies floor, new energy vehicle market is expected to enter production and marketing season in the policy stimulus, ternary materials will also be the explosive demand for batteries increase. According to GF Securities forecast that this year ternary battery demand is expected to double from last year's 4.4GWh to 10GWh, which led to ternary chain boom upward.