China's Lithium Battery Industry Will Undergo In-depth Adjustments in 2024: The Resilience of Leading Companies Will be Highlighted.

In 2024, China's lithium battery industry handed in a "ice and fire" answer sheet: the total revenue of the lithium-ion battery business of 24 listed companies decreased by 8.7% year-on-year, but the leading companies still showed strong resilience. Leading manufacturers such as CATL and Yiwei Lithium Energy contributed more than 90% of the net profit (a total of 59.8 billion yuan), while the tail companies fell into losses due to the slowdown in demand growth and the continued decline in product prices. The average gross profit margin of the industry remained at around 20%, but there was a significant differentiation between companies - the leading companies relied on technological advantages and economies of scale to stabilize profits, while the tail companies faced overcapacity and cost pressures. At present, the lithium-ion battery industry chain is undergoing structural adjustments, the market is accelerating, and the industry concentration may further increase.