Tariff increases the storage costs or rose by 15%

Abroad a global analysis company analysis shows that if the government to achieve its trump said before the threat of & ndash; — Imports from China of lithium ion battery and inverter tariffs to 25%, then 4 hours of battery energy storage system installation price will rise about 15%.

it is understood that the U. S. trade representative's office ( USTR) From May 13 to use lithium ion battery and energy storage system of the static converter on his list of duties. According to the international trade commission ( USITC) Data in 2017, the United States from China imported more than 1 billion dollars worth of lithium batteries, and this figure does not include batteries for electric cars, after China is South Korea and Japan, the value of 5 respectively. 1. 9 billion dollars and 4. 400 million dollars. In battery export, Asian exports accounted for the vast majority of the world, a report said, the 2019 global lithium battery is expected to reach a total of 316 GWH 73% of the lithium battery capacity is located in China, second in the United States ( 12%) , South Korea ( 7%) And Europe, 4%) 。

although the latest raised tariffs may not prevent America from the vigorous development of the energy storage market, but also will significantly increase the cost of the installation of the battery, and the underlying trade talks between China and the United States could lead to pressure for energy storage market to the United States.

　　“ Project that is affected by the tariffs each are not identical, but we predict for placing a 25% tariff lithium ion battery and inverter could install 4 hours battery energy storage system of price increases by about 15%. ” Analysts felix maura said. Considering the lithium ion battery of battery energy storage system of American independence 40% to 60% of the total installation cost, you can see if tariffs imposed on, would be significant costs.

hope trump in Japan during the G20 summit talks agreement with China. Chinese diplomats said: & other; We noticed that recently, the us side has repeatedly said publicly, looking forward to arrange the two heads of state of China and the United States in the group of 20 summit meeting in Osaka. ” For the United States had previously imposed on $200 billion of goods, China has also adopted countermeasures, namely also imposing a 25% duty on the part goods, including the lithium ion battery.

of lithium ion battery in imposing a 25% tariff

China's demand for lithium ion batteries in the United States is not high, and for the battery energy storage industry booming, the need for Chinese lithium ion battery level is higher. According to Wood Mackenzie, the latest release of the energy storage monitoring ( U。 年代。 能源存储监控) Data show that in the first quarter of this year, the United States hit a record high of installed capacity, energy storage market by 148. 8 mw, a 232% growth in the first quarter of 2018, a 6% growth in the fourth quarter of 2018, electrochemical energy storage as part of the energy storage market, the demand for battery is quite large.