Compared with the sharp decline in the installed capacity of power batteries in the first half of the year, the demand for cylindrical batteries in low-power markets such as electric tools and two-wheelers has been increasing.
Although the cylindrical battery business was affected to a certain extent in the first half of the year, it has resumed growth since the second quarter, indicating that the low-power battery market is still strong.
Specifically, the power tool manufacturing giant is accelerating the introduction of cylindrical lithium batteries. At the same time, the acceleration of lithium-ion batteries for electric bicycles has released a huge market space.
The storm of lithium electric bicycles has come, and the penetration rate of lithium batteries continues to boost the expansion of the bicycle lithium battery market. A group of cylindrical battery pack companies that take the lead in this field are expected to occupy a larger market in this field by virtue of their product cost-effective advantages.
Overall, in the short term, affected by the COVID-2019, the global power tool market will be affected to a certain extent, affecting the cylindrical battery market. However, in the long run, after the COVID-2019 epidemic is over and the global economic recovery, the power tool market will continue to maintain a long-term stable growth trend, which will promote the increase in sales of cylindrical battery packs.
With years of manufacturing experience in the lithium battery pack assembly and production industry, our products have been tested by the market and continuously upgraded and improved according to actual application feedback. Nowadays, WinAck Battery has grown into a high-tech company with products fromChinato the world.
Judging from the shipment volume of 18650/21700 battery pack assembly equipment from WinAck Battery, many lithium battery pack assembly plants have also seen this huge market and are actively promoting the layout of the lithium battery pack assembly production line in order to seize the market as soon as possible market share.
Contact: Rudy Yan
Phone: 0086- 188 0506 7911
Add: Xiangbei Industrial Zone, Xiamen City, China