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Press Release


  • Prices of Lithium Battery Cells to Go Up in Second Half of 2017 Due to Seasonal Demand, TrendForce Reports
    07-10-2017 / Duff Lu
    The global market for lithium batteries witnessed an average price increase of 15% to 25% for battery cells in the first half of 2017 compared with the second half of 2016, according to EnergyTrend, a division of TrendForce. This rise was mainly attributed to the cobalt price hitting a five-year high. Going into the second half of 2017, the price upswing in the cobalt market is expected to start leveling off. On the other hand, seasonal demand during the same period will drive market for batteries used in x-electric vehicles (or xEV, which include plug-in hybrid electric and battery electric vehicles). EnergyTrend projects that battery cell prices on average will increase by about 10% this third quarter compared with the previous quarter and will continue to be on a gradual uptrend through the fourth quarter. [ more ]
  • Demand for xEV Batteries to Grow 17% Annually in 2017 on Back of Recovery of China’s xEV Market
    12-08-2016 / Duff Lu
    Global volume demand for lithium batteries that power xEVs (plug-in vehicles) is estimated to reach 1.7 billion units in 2016 and grow by 17% annually to 2 billion units in 2017, according to EnergyTrend, a division of TrendForce. EnergyTrend reports that the China has taken measures to curb excessive subsidy payments to domestic xEV manufacturers during the second half of 2016. Thus, the delay in subsidy payments and investigation on potential cases of subsidy fraud have impacted market demand for xEV batteries in the short term. With the investigation winding down, China’s xEV market is expected to make full recovery and again become the key demand driver for xEV batteries in 2017. [ more ]
  • Returning Demand Expected to Increase xEV Sales in China to 550,000 for 2016, Says TrendForce
    11-07-2016 / Eric Chang
    China’s xEV (plug-in) vehicle market through 2016 has been roiled by news of government fining auto makers for falsely claiming subsidies. Though the scandal has reduced some of the expansionary momentum in the Chinese plug-in vehicle market, sales are expected to grow significantly in this year’s fourth quarter because buyers are spurred by the further reduction of purchase subsidies next year. [ more ]
  • TrendForce Expects China’s xEV Policies to Influence Supply-Demand Situation of Cylindrical Lithium Cells for IT Applications
    03-10-2016 / Duff Lu.
    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. [ more ]
  • Demand for xEVs to Stay Hot in 2016 with Global Sales Forecast at 700K, According to TrendForce
    11-17-2015 / Eric Chang
    Global sales of xEVs (x-electric vehicles) have soared in 2015 owing to strong market demand in China and Europe. The latest report from global market research firm TrendForce reveals that worldwide sales of xEVs for the first three quarters of this year reached 330,000 units, up 31% year on year. [ more ]
  • China to Drive Demand of Lithium Batteries for xEVs in 2016, Says TrendForce
    11-16-2015 / Duff Lu.
    The global xEVs (x-electric vehicles) market has performed impressively this year mainly because of the Chinese market, which has expanded due to strong government support. EnergyTrend, a division of TrendForce, estimates that xEV sales in China will grow 20% year on year to 130,000 units in 2015; and the share of BEVs (battery electric vehicles) in China’s xEV sales this year will also reach 64%. [ more ]
  • Car Sharing Is Ready to Take Off as New Transportation Model with Over 15M Members by 2016, According to TrendForce
    08-26-2015 / Eric Chang
    The emergence of car sharing services began with the founding of Zipcar in 1999. Since then, car sharing has taken off across the world due to its flexibility when compared with traditional car rental and carpooling services. Some well-known car sharing operations include Autolib, a French-based venture that has been expanding aggressively, and the popular micro-transportation program in Hangzhou, China. [ more ]