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The sales of x-electric vehicles (xEV) in China reached a historic high of 300,000 units in 2015. Correspondingly, the market for xEV lithium batteries witnessed surging growth in the same period. In the fourth quarter, for instance, xEV batteries for vehicles models such as passenger cars and microcars took off. Strong demand in the xEV market has put pressure on the supply of cylindrical lithium cells for IT applications (e.g. notebook and tablet batteries).
Seasonality and the end of installation rush in China have weakened prices of multi-Si products, from wafers to cells and modules, said Corrine Lin, assistant research manager for EnergyTrend, a division of TrendForce. Polysilicon prices in China, on the other hand, have risen significantly as wafer manufacturers have been operating at full capacity and expanding capacities at the same time.
China’s flourishing x-electric vehicle (xEV) market kept domestic and foreign lithium battery manufacturers from Japan and South Korea running at full capacity in 2015, according to EnergyTrend, a division of TrendForce. The xEV boom has encouraged manufacturers not only to accelerate their capacity expansion efforts in China but also reallocate their capacities to boost xEV battery production.
EnergyTrend, a division of TrendForce, reports that the global PV market is seeing slowing demand after the Chinese New Year holidays. Peak installation seasons in the U.S. and Japan have passed, and the demand related to China’s efforts to connect its PV power plants to the grid is also subsiding as this mission is set to be completed at the end of June.
In China, more PV power plants are switching to mono-Si products. This factor and the impending end of the country’s installation rush have caused prices of multi-Si products (e.g. wafers, cells and modules) to level after the Chinese New Year holidays, said Corrine Lin, assistant research manager for EnergyTrend, a division of TrendForce.
