On Jun, 28, Contemporary Amperex Technology, the Shenzhen-listed electric-car battery maker, said it has reached an agreement with Tesla to provide lithium batteries to the US electric vehicle maker’s China production plants for an additional 30 months. There was strong demand for Tesla’s Shanghai-made Model Y when the sports-utility vehicle hit the market on January 1 and Tesla has secured a large number of bookings for the car, the second mass production model to roll out of its Shanghai factory.
CATL’s battery packs are used in most electric vehicle (EV) brands. Last August, it formed a joint venture called Wuhan Weineng Battery Asset with US-listed EV maker NIO, financial services group Guotai Junan International and Hubei Science Technology Investment Group to lease battery packs to car owners through setting up battery-swapping stations nationwide in China.
Aluminum Plastic Film is one of the key raw materials for Lithium battery packs. The extended agreement between CATL and Tesla will stimulate the Aluminum Plastic Film market development further.
Dai Nippon Printing, Showa Denko, Youlchon Chemical, SELEN Science & Technology, Zijiang New Material, Daoming Optics, Crown Material, Suda Huicheng, FSPG Hi-tech, Guangdong andelie new material, PUTAILAI, Jiangsu Leeden, HANGZHOU FIRST, are key suppliers of Aluminum Plastic Film. The industry has high technology barrier. Presently, Dai Nippon Printing and Showa Denko dominate the global market. In 2020, the two companies held about 80% sales market share globally. Other players, like Youlchon Chemical, SELEN Science & Technology, also have a certain market share.
By application, 3C Digital Battery is the largest consumer group, with consumption market share of 54.56% in 2020. Automotive Battery is the follower with the share of 35%.
Increasing demand from downstream industries promote the development of Aluminum Plastic Film. According toQYResearch latest study, the growth of Lithium Battery Aluminum Plastic Film in 2021 will have significant change from previous year. By the most conservative estimates, global Lithium Battery Aluminum Plastic Film market size (most likely outcome) will be a year-over-year revenue growth rate of 25.21% in 2021, from US$ 833.86 million in 2020. Over the next five years, the Lithium Battery Aluminum Plastic Film market will register a 19.9% CAGR in terms of revenue, and will reach US$ 2590.61 million by 2026.
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