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China Continues to Add New Power Battery Capacity Despite Subsidies Revised

Date:2019-01-15 16:01:51

China Continues to Add New Power Battery Capacity Despite Subsidies Revised
By GBF ASIA Committee


In 2018, China’s power battery policy took a sharp turn: within the next 2 years, China would first reduce and eventually cancel subsidies entirely for power battery makers.
 
Many predict a brutal reshuffle in the industry while others see business opportunities. Industry leaders like BYD, CATL, SK Innovation, LG Chem, Panasonic, and etc are vying to build additional capacity in China as they realize the new policy is going to open up more market share for them to grab by pushing weaker businesses out of the market.  
 
Here are partial influential power battery makers which have announced or added new plants/capacity in China in 2018:
 

Company Capacity (GWh) Location Cost
(RMB Billion)
Year of Operation
Domestic Enterprises
BYD 20 Chongqing City 10 /
30 Shanxi
Province
12 /
24 Qinghai Province / 2019
CATL 24 Fujian Province 9.86 2021
Guoxuan Hi-tech 10 / / 2018
First Battery 3 Jiangxi Province 4 /
TAFEL 1.5 Hunan Province 1.5 2019
(Phase 1)
6 Nanjing City 8 2019
Overseas Enterprises
SK Innovation (Korea) 7.5 Jiangsu Province 5 2020
LG Chem (Korea) 32 Nanjing City 13.7 2023
Webasto (Germany) / Zhejiang Province 0.4 2019
Panasonic
(Japan)
5 Liaoning Province 2.96 2018
Samsung SDI
(Korea)
/ Tianjin City 16.4 /
/ Shanxi
Province
10.5 /
 

 
The chance to enter China’s power battery market has presented itself. If you don’t want to miss out yours, please join today the 4th Asia (Guangzhou) Battery Sourcing Fair (GBF ASIA 2019), the biggest battery trade show in China for 2019!
 
The 4th Asia (Guangzhou) Battery Sourcing Fair 2019 (GBF ASIA 2019)
Date: August 16-18, 2019
Venue: China Import&Export Fair Complex, Guangzhou, China\
English Website: http://www.battery-expo.com/index.php?lang=en 
 
 
 
 
 
 

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