How long will it take to get a solid state battery in your car

Statistics from qidian Lithium Battery Research Institute, a professional research institute of new energy industry, show that in the first ten months of this year, the global power battery installation volume is 225GWh, up 116.1% year on year.

The top 10 companies are Ningde Times, LG New Energy, Panasonic, BYD, SKI, Samsung SDI, China New Aviation (AVIC Lithium), Guoxin High-tech, AESC and Honeycomb Energy, with a combined market share of 92.2%.

Five of them -- Ningde Times, BYD, China New Aviation (AVIC Lithium), Guoxuan High-tech and Honeycomb Energy -- are Chinese companies.
"Japan and other countries are vigorously developing the next generation of all-solid-state batteries, and There is still a gap between Chinese brands." "It will take about 10 years for the all-solid-state battery technology to be commercialized and have a significant impact on the market landscape," Ouyang said.

In the blueprint, Ouyang predicted that by 2025, there will be the first generation of all-solid-state batteries with a specific energy roughly equivalent to existing lithium-ion batteries with liquid electrolytes. After 2030, there will be a second generation of all-solid-state batteries using new anode and cathode materials, with specific energy of 500 watt-hours per kilogram, lithium-sulfur batteries and metal air batteries with high specific energy.

"Existing lithium-ion batteries, including solid-liquid hybrid lithium-ion batteries, will remain overwhelmingly dominant until 2030." Ouyang concludes.

Orbis Orbis Reseach, a market research institution, released a report "Global solid-state Battery Market 2017-2021" in July this year, supporting Ouyang's prediction: the global solid-state battery market will grow at a compound annual growth rate of 72.33% during 2017-2021.

The loss of momentum in the liquid lithium-ion battery field has led US and Japanese companies to skip the current stage and make big bets on a different track: solid-state batteries.

Ouyang Minggao, an academician of the Chinese Academy of Sciences, said at the 2019 China Electric Vehicle 100 Forum, "In response to the rise of the Battery industry in China and South Korea, Japan has made a national effort to develop next-generation solid-state batteries since 2017 and invested a large amount of research and development funds. The U.S. and Europe are also trying to leap-forward by developing next-generation solid-state batteries. "Although China's battery industry has gained temporary advantages, it needs to catch up with cutting-edge solid-state battery technology due to the pressure of international competition."

This year, Ouyang expressed similar views again in his keynote speech titled "2021 New Energy Vehicle Technology and Market Highlights and Medium - and long-term Trends."
At present, China's new energy vehicle market has smoothly passed the cognitive period, into the period of rapid expansion. It is estimated that the domestic sales of new energy vehicles in 2022 will be about 5 million, accounting for more than 20% of the market. 7 million to 10 million by 2025; 17 million to 20 million by 2030.

The explosive growth of electric vehicle ownership in China has directly stimulated the geometric growth of vehicle battery production, which is expected to exceed 2 billion KWH in 2025, 7 billion KWH in 2030 and 15 billion KWH in 2035.

For any car company and solid-state battery maker, this is a window of opportunity that cannot be missed or lost. The market has buried its potential and now comes the crucial moment to test its wisdom.