Nickel-metal hydride (NiMH) batteries are characterized by high safety and wide temperature range. Since its development, NiMH batteries have been widely used in the fields of civil retail, personal care, energy storage and hybrid vehicles; with the rise of Telematics, NiMH batteries have a broad development prospect as the mainstream solution for in-vehicle T-Box power supply.
The global production of NiMH batteries is mainly concentrated in China and Japan, with China focusing on the production of small NiMH batteries and Japan focusing on the production of large NiMH batteries. According to Wi nd data, China's nickel-metal hydride battery export value will be 552 million U.S. dollars in 2022, a year-on-year growth of 21.44%.
As one of the key components of intelligent connected vehicles, the backup power supply of the vehicle T-Box needs to ensure the normal operation of the vehicle T-Box's safety communication, data transmission and other functions after the power failure of the external power supply. According to the data released by the China Association of Automobile Manufacturers (CAAM), in 2022, the annual production and sales of new energy vehicles in China will be completed at 7,058,000 and 6,887,000 respectively, representing a year-on-year growth of 96.9% and 93.4% respectively. In terms of automobile electrification penetration rate, China's new energy vehicle market penetration rate will reach 25.6% in 2022, and GGII expects that the electrification penetration rate is expected to be close to 45% by 2025.
The rapid development of China's new energy automobile field will surely become the driving force for the rapid expansion of the market size of the vehicle T-Box industry, and NiMH batteries are used by many T-Box manufacturers as the best backup power source with good reliability, long cycle life, wide temperature, etc., and the market outlook is very broad.
The rapid development of China's new energy automobile field will surely become the driving force for the rapid expansion of the market size of the vehicle T-Box industry, and NiMH batteries are used by many T-Box manufacturers as the best backup power source with good reliability, long cycle life, wide temperature, etc., and the market outlook is very broad.
Post time: Aug-23-2023
