Process breakdown: Currently, the assemblyprocess of power batteries is mainly divided intothree levels: Cell, Module, and Pack.
At present, domestic battery production enterprises ship in various forms: domestic independentbrands mainly ship battery cells, while jointventures ship more modules and battery packs.
Cost composition: The battery pack consists of batterlesstructural components BMS. The cooling and heatsipatlon system,eiectrical components, etc. arecomposed of components, among which the battery cosacccunts for the highest proportion of the battery paccost and is showing a downward trend The proportion osquare ternary power cells from April 2021 to Apri 2023is 85,2%/83.3%/81.5%,respectively, The proportion ofsquare lithium iron phosphate power cells from April 202to April 2023 was 84%/82.1%/78.8%, respectively
The demand for new energy vehicles in theglobal market continues to increase, We expecjlobal sales of new energy vehicles to reach142.24/1754.6/21.005 milion units respectivelfrom 2023 to 2025,with year-on-year growthrates of 35.2%/23.3%/19.7%. Based on theproduction demand of new energy vehicles,weexpect the global shipment of power batteriesto reach 968.4/1248.7/1515.8 GWh respectivelfrom 2023 to 2025, with year-on-year growthrates of 41.7%/28.9%/21.4%