The adaption of NCA batteries in the power tool market is growing steadily, increasing from 0.95GWh in 2016 to 171GWh in 2018, considering that the power tool market consists entirely of cylindrical lithium batteries, which is a perfect match for the NCA chemistry system. We estimate that by 2020, the NCA production capacity will reach 2.44GWh, occupying more than 40% of the market share. Currently, the main suppliers of NCA battery manufacturers are Samsung SDI, LG Chem, Panasonic, and Jiangsu Tenpower.、
About Tenpower
Tenpower is a leading cylindrical lithium-ion battery cell developer and manufacturer specializing in producing high-rate lithium-ion battery cells. Tenpower has accumulated tremendous amounts of know-how through 18 years of persistent endeavor in basic material research and electrochemical technologies. Owing to prior experience in the power tool battery industry, Tenpower is a strong proponent of a quality-first philosophy. It invests heavily in state-of-the-art equipment and rigorous quality control processes. This ensures the consistency and safety of the battery cells. Today, Tenpower has expanded into various industries, including power tools, micro-mobility, smart appliances, and critical applications. Tenpower incorporated itself into the supply chains of many leading first-tier international companies. It has shipped more than 10 billion battery cells to hundreds of companies across more than 40 countries. For further information, visit www.tenpowercell.com.
About Azure Corporation
Azure Corporation (江苏蔚蓝锂芯股份有限公司) is a China-based company. Azure manufactures lithium battery cells and semiconductors and manages metal logistics and distribution. The Company operates its businesses through three segments. The lithium-ion battery cell segment is mainly engaged in the manufacturing of lithium-ion battery cells. The semiconductor segment is primarily engaged in the manufacturing and sale of light-emitting diode (LED) epitaxial wafers and chips. The metal logistics and distribution segment consists of an active distribution business and a commissioned business for its products. For further information, visit www.azurecorp.com