2024电池行业年度报告

“The battery is the technology of our time.ˮ- The Economist The Battery Report summarizes what we consider to be the most significant developments in the battery industry in 2024. Thisannual report seeks to provide a comprehensive and accessible overview of the current state of battery industry, research,talent, and policy. We hope to catalyze in-depth conversations on the state of batteries and its trajectory into the future. We Consider The Following Key Dimensions In Our Report: Commercial milestones in battery development and manufacturing1INDUSTRY|2ACADEMIA|Academic breakthroughs in fundamental battery science3TALENT|Supply, demand, and insights on talent working in the field4POLICY|Government targets, incentives, regulations, and their implications5PREDICTIONS|Trends we believe are likely to happen in the next 12 months THE BATTERY REPORT IS A PROGRAM BY SUPPORT THE BATTERY REPORT 1INDUSTRY |THANK YOU TO OUR MEMBERS AND SPONSORS 1INDUSTRY Volta Foundation is the worldʼs largest network of battery professionals. As a global not-for-profit association, Volta Foundation producespublications, networking opportunities, and industry resources to foster collaboration, innovation and advocacy within the battery industry. Industry Summary 2024 marked a year of continued growth and adaptation in the global battery industry.Global xEV sales climbed 25% to 17.7M units, with BEV demand up 14% while PHEVdemand surged 50%. For the first time, BEVs in China have reached price parity with fossil vehicles. This milestone comes as China continues to lead the world in EV market penetration,with xEVs accounting for 45% of new car sales. Automakers globally are adapting their strategy, with Chinese automakers expanding into Europe and the Global South, while sometraditional OEMs cut back on EV targets and investments. The 'BESS Decade' continues to gain momentum with 55% year-on-year growth. Battery Energy Storage Systems BESS) nowaccount for 15% of total battery deployments, up from 7% in 2020, highlighting its rapid adoption. New BESS installations in 2024 alone contributed over 45% of the current cumulativeglobal capacity of 150 GW / 363 GWh, underscoring BESSʼs significance as one of the most promising and fast-growing sectors in the battery industry landscape. Battery prices at the pack level saw the largest drop since 2017, improving 20% from 2023 to a record low of $115/kWh. Global battery manufacturing capacity increased from 1.05 TWh to1.45 TWh in 2024. Overcapacity across the battery supply chain drove cell prices to the unsustainably low level of $50/kWh for China-made LFP cells, resulting in involutionarycompetition and investment pullback. New Chinese industrial policy aimed at phasing out low-quality capacity added further pressure. For battery producers navigating this challengingpricing environment, current strategic focus include cost reduction, technological innovation, vertical integration, and diversification into overseas markets in search of higher profitmargins. China continues to dominate the supply chain, owning 80% of key cell components and cells. The battery investment landscape in 2024 slowed, with fewer VC/PE deals due to higher interest rates and geopolitical tensions. While growth was supported by significant debt raisesand government funding—such as Northvolt ETT ABʼs €5 billion green offering and the US DOEʼs $9.6 billion loan to BlueOval SK—the bankruptcy of Northvolt highlighted risks in thesector, dampening investor confidence. Public market performance was mixed, with established battery OEMs benefiting from new product launches, while shares in EV startups,charging infrastructure, and lithium companies underperformed. The US DOE supported the sector by investing over $3 billion into 25 projects to bolster domestic battery production andsupply chains in the United States. Emerging technology trends in 2024 include the introduction of medium-nickel high-voltage NMC and high-compaction-density LFP cathodes. Significant strides were made in thecommercialization of dry electrode processing, LxFP, engineered silicon, and pre-lithiated anodes, all aimed at improving energy density, cost, and safety. Alternative cell chemistries,such as Na-ion, solid-state batteries SSB, sulfur, and Li-metal, also progressed toward commercialization. Notably, sodium-ion and semi-solid state products, primarily developed byChinese manufacturers, are now being integrated into commercial EVs and BESS systems. Novel use cases such as EVTOL, marine, and data centers are achieving higher levels of technical readiness. Notably, artificial intelligence AI) is quickly being deployed across the entirevalue chain from materials discovery to fleet data analytics to accelerate the advancement of these technologies and is emerging as a new focus for commercial R&D and entrepreneurialenergy in the space. Notable Events BATTERY REPORT 2024 |Industry Value ChainFinanceCostsCell & Pack ManufacturingAppli