Deep cycle lithium batteries are high-performance lithium batteries, and new energy vehicles are their main demand end.

Deep-cycle lithium batteries refer to lithium-ion batteries with a discharge depth higher than 80% and can withstand repeated charge and discharge cycles at the same time. Deep cycle lithium batteries have the advantages of long service life, safety and reliability, wide operating temperature range, large capacity, and high energy density. They are in high demand in data centers, automobile manufacturing, off-grid power systems, marine equipment and other fields that require long-lasting power supply.

Deep cycle lithium batteries are high-performance lithium batteries. Compared with ordinary lead-acid batteries, lithium batteries have the advantages of long service life and high storage energy density. As power batteries, they are widely used in the field of electric vehicles. As application demand grows, my country’s lithium battery production and sales continue to increase. According to statistics from the Ministry of Industry and Information Technology, in the first half of 2023, my country’s lithium battery production exceeded 400GWh, a year-on-year increase of more than 43%. As the development of the lithium battery industry accelerates, my country’s deep cycle lithium batteries will gain broad market prospects.

In recent years, the country has attached great importance to the development of the lithium battery industry and introduced many policies to support it. On July 19, 2023, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Commerce jointly issued the “Work Plan for Stable Growth of Light Industry (2023-2024)”. The document clearly stated that we should vigorously develop sodium-ion batteries, high-safety lithium-ion batteries, and lead-carbon batteries. and other high-performance battery products. In this context, deep cycle lithium batteries will be widely used in many fields due to their high safety and long service life.

Data centers, automobile manufacturing, off-grid power systems, marine equipment and other fields are the main demand ends for deep cycle lithium batteries. Driven by positive factors such as national policy support and accelerated economic development, the prosperity of my country’s new energy vehicle industry continues to increase. Deep cycle lithium batteries can meet the needs of new energy vehicles for power batteries with fast charging time, strong endurance, and long service life. As application demand grows, the market space for deep cycle lithium batteries continues to expand. According to the “2023-2028 China Deep Cycle Lithium Battery Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center ” shows that my country’s deep cycle lithium battery market size will reach 3.69 billion yuan in 2022, a year-on-year increase of 10.1%.

In terms of market competition, Dragonfly Energy of the United States is the world’s largest supplier of deep-cycle lithium batteries. Its self-developed non-toxic deep-cycle lithium-ion batteries have been applied in off-grid installations, recreational vehicles and other fields. my country’s deep cycle lithium battery industry started late and is mainly based on laboratory research and development. Foreign-funded enterprises occupy a large share of the Chinese market.

Industry analysts said that with the accelerated development of the energy storage industry, the demand for deep cycle lithium battery applications continues to grow. In recent years, with the support of national policies and technological progress, the prosperity of my country’s high-performance lithium battery industry has continued to increase, and deep cycle lithium batteries, as its segmented products, will gain broad market space. However, at present, the number of deep cycle lithium battery manufacturers in my country is small and the demand is highly dependent on imports. This is the main problem facing the development of the industry.