According to a report recently released by Pike Research, the global annual sales of lithium-ion batteries for electric vehicles will reach 22 billion US dollars by 2020.
The report pointed out that in 2012, the total sales of lithium batteries for electric vehicles was 16 billion US dollars, which will increase by 37.5% year-on-year. In the past few years, the lithium-ion battery industry has continued to progress and expand. Battery manufacturers have built new factories to expand production capacity, while using advanced production technologies. Auto manufacturers have greatly increased the research and development of electric vehicles.
Pike also expects that the cost of lithium-ion batteries will be significantly reduced in the future, and will be reduced to $ 447 per kilowatt-hour by 2020. At present, the high cost of lithium-ion batteries has become a major obstacle to the promotion of electric vehicles.
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