On the evening of December 21, 2021, JSDS, China's largest manufacturer of aluminum foil for lithium batteries, announced that the company has signed a framework cooperation agreement with CATL. During the period from November 1, 2021 to December 31, 2025, the company promised to supply aluminum foil for power batteries to CATL, with a total minimum supply of 512,000 tons. The final supply and price are subject to subsequent specific orders from both parties.
JSDS stated that the signing of the "cooperation agreement" marked the recognition of the company’s power battery foil quality and production capacity by the Ningde era, and further verified the company’s competitiveness in the field of aluminum foil for new energy vehicles power batteries, and provided the company with medium and long-term sustainable development. Protection is in the interests of the company and shareholders.
The company quickly became the leader in the battery foil industry. With the explosive growth in demand for electric vehicles, the company's lithium battery aluminum foil business is rapidly developing and expanding, and has now become a leading company in China's lithium battery aluminum foil, with a market share of about 45%.
In 2020, the global demand for lithium battery aluminum foil will be about 78,000 tons, and the shipment of JSDS will be about 24,000 tons. The global market share is about 30%. Considering that the new capacity of the industry is relatively limited, the company's market share is expected to further increase. The company's 2021 Performance is expected to usher in a reversal.
As a positive electrode collector, lithium battery aluminum foil benefits from the acceleration of the global new energy vehicle electrification process. Power battery foil is a rapidly growing emerging field in the industry chain. The overall demand for battery aluminum foil in 2025 may reach about 378,000 tons, 2021-2025 The compound growth rate is 32%. On the other hand, as a high value-added product, the manufacturers of power lithium battery aluminum foil are mainly concentrated in Japan and South Korea. There are not many manufacturers in China that can enter the core supply chain system. JSDS relies on deep accumulation and continuous The ability to expand is expected to continue to benefit in the global electrification process.
At present, JSDS battery aluminum foil products have an annual production capacity of 94,000 tons. At the same time, the company has successively converted and adjusted the production of battery foils through existing equipment according to the order situation, and continued to optimize the company's product structure. At present, the company's mass-produced battery aluminum foil has the thinnest thickness of 0.009mm, which is mainly used in the field of digital batteries.
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