ZEC: It is expected that the market share of ternary material installation volume will increase next year

Zhenhua New Materials stated during an institutional research that, considering the application scenarios, the extended-range battery launched this year has an all-electric range increased to over 400 kilometers, which can basically cover daily travel, while the fuel tank alleviates range anxiety. Currently, many car manufacturers are launching extended-range models equipped with large batteries or planning to increase investment in the research and development of extended-range models. Based on energy density and cycle requirements, the extended-range battery mainly uses ternary batteries at present. In addition, from the perspective of solid-state batteries and low-altitude high energy density application scenarios, it is also beneficial for ternary materials, and it is expected that the market share of installed capacity for ternary materials will increase next year