The choice of lithium battery by international power tool giants is moving towards domestic market

Affected by the epidemic, the growing power tool market is being impacted, and some battery suppliers have been affected. However, in the long run, the lithium battery market for electric tools is still promising.

An electric tool battery supplier based in Jiangsu said that the company signed a large order with a European power tool giant at the end of last year, and the delivery should have started in the second quarter. However, affected by the epidemic, the customer requested to postpone the delivery to may or even the end of June, and the overall delay was about one quarter.

Yangqiming, general manager of Bosch electric tools (Chengdu) Co., Ltd., also frankly said that the first quarter of each year is the peak season for Bosch electric since the work in Europe and the United States begins one year after Christmas. The factory was originally planned to start construction on January 31 this year, but affected by the epidemic, many suppliers' resumption dates have not been set, and the whole raw material supply chain has been affected. Bosch Pujiang factory has to postpone the commencement.

Gaogong lithium battery learned that up to now, the factories of international power tool giants in China have basically returned to work. However, due to the continuous spread of the epidemic in Europe and the United States, the market consumption demand has declined. Therefore, the current production of electric tool enterprises is mainly based on orders received years ago or inventory.

In the short term, affected by epidemic factors, the global power tool market will be impacted to some extent. However, in the long run, after entering the post epidemic era and the global economic recovery, the power tool market will still maintain a long-term stable growth trend. The cordless trend will also give the lithium battery of electric tools a vast market space.