The news that Tesla will adopt the Ningde era lithium iron phosphate battery has stirred up a wave of waves. With BYD’s “blade” batteries and technological innovations such as CTP in the Ningde era, the “power” of lithium iron phosphate batteries has greatly increased, and the future market demand will likely continue to rise, and the prospects are constantly improving. After being suppressed by the ternary for a long time, the lithium iron phosphate battery may usher in its glorious moment again.
The technological advancement of lithium iron phosphate batteries is indeed advancing by leaps and bounds. According to the data provided by CATL, the volume utilization rate of its CTP battery pack has been increased by 15%-20%, and the overall energy density has been greatly improved; the volume energy density of BYD blade batteries has increased by up to 50%, which can be within the same battery pack size. With more batteries installed, the cruising range is almost comparable to that of ternary batteries; Guoxuan High-tech LiFePO4 battery cell energy density has been increased to 190Wh/kg, and models with a cruising range of more than 400km have been installed.
Lithium iron phosphate has become hot again. In this regard, many investors have recently asked listed companies on interactive platforms related to "lithium iron phosphate" related issues, and many listed companies have responded; and recently, a collective of lithium iron phosphate concept stocks Stronger, many daily limits, the butterfly effect set off by Tesla continues to expand.
Shi Dashenghua said that compared with ternary batteries, the production of lithium iron phosphate batteries with the same electrical power requires more DMC solvents. The ultrapure grade DMC and battery-grade DMC produced by the company can be used in high-end electrolyte and lithium batteries. The difference between the two is purity. The purity of the ultrapure-grade DMC is higher than that of the battery-grade DMC. On February 21, Shi Da beat Hua's daily limit.
Hezong Technology stated that Hunan Yacheng, a wholly-owned subsidiary of the company, mainly produces lithium iron phosphate battery cathode precursor products, which are mainly used in the manufacturing and processing of lithium iron phosphate cathode materials. In 2020, the company is developing a new generation of high-density iron phosphate and low-cost iron phosphate research and development. On February 19, Hezong Technology's daily limit.
Xiangtan Electrochemical said that the company currently does not produce lithium iron phosphate, and only the shareholding company Hunan Yuneng New Energy Battery Materials Co., Ltd. is a supplier of the Ningde era. The company currently holds only 16.07% of the shares in the above-mentioned shareholding companies. The impact of this is uncertain. However, it is worth noting that Xiangtan Electrochemical has four trading days' daily limit on February 17-21.
Ananda said that the main business of its subsidiary Tongling Nayuan is the production and sales of iron phosphate, including lithium iron phosphate precursors and battery-grade iron phosphate. The iron phosphate plant has a capacity of 10,000 tons per year. On February 19th, Anada daily limit. Baichuan shares stated that the overall product scale of the company’s related projects is an annual output of 100,000 tons of iron phosphate, 15,000 tons of lithium iron phosphate, 15,000 tons of lithium iron manganese phosphate, and 30,000 tons of ternary precursor materials. Implemented in phases.
Vision shares stated that the company has been conducting research and production of lithium iron phosphate batteries for many years. At present, the company's lithium battery products are mainly based on lithium iron phosphate systems. Zangger Holdings stated that the battery-grade lithium carbonate produced by the company is the main raw material for the direct production of lithium iron phosphate battery cathode materials. Wisdom Songde said that the battery equipment that the company is acquiring is mainly used in the middle and late stages of the production process, and can be used for the production of ternary batteries or lithium iron phosphate batteries.
From the perspective of upstream supply, the domestic production of lithium iron phosphate cathode materials in 2019 was about 93,000 tons, an increase of 36.1% year-on-year. Judging from the current market structure, data from the Power Battery Application Branch of the China Chemical and Physical Power Supply Industry Association shows that in the ranking of domestic lithium iron phosphate battery installed capacity in 2019, CATL ranked first with 11.28GWh, with a market share of 54. 27%; Guoxuan Hi-Tech ranked second with 3.13GWh, with a market share of 15.04%; BYD ranked third with 2.78GWh, with a market share of 13.37%; Yiwei Lithium Energy ranked second with 1. 67GWh ranks fourth, with a market share of 8.06%; these companies are leading companies, and other companies have installed less than 1GWh alone, and the head effect is obvious.
In fact, the lithium iron phosphate battery began to pick up in the second half of 2019. Thanks to the subsidy decline, the cost advantage of the lithium iron phosphate battery is more obvious, the safety is high, and it is attractive to the cost-sensitive A00 cars and special vehicles. The mainstream of passenger cars is still dominated by ternary batteries. Based on the shift of the electric vehicle industry from policy-driven to market-driven in the next few years, low- and mid-end models are more sensitive to battery costs, and lithium iron phosphate batteries have more cost-effective advantages.
As early as the beginning of 2019, BAIC New Energy EC220 added a new standard version of the model, and the power battery pack was replaced with a lithium iron phosphate battery. Also in 2019, JAC launched a new electric model iEV7L, which is also equipped with a lithium iron phosphate battery. JAC believes that low-priced, long-life lithium iron phosphate batteries are more competitive for consumers in my country's third- and fourth-tier cities.
And this year, in addition to Tesla Model3 and BYD "Han", the new Baojun E300 also officially debuted at the beginning of the year. As the first new energy vehicle in the new Baojun family, the E300 bears the important task of the new Baojun to enter the new energy vehicle market. This model is equipped with a battery pack with a capacity of 16.8kWh, and the battery used is not ternary, but lithium iron phosphate.
Industry analysis believes that lithium iron phosphate battery technology is mature and has obvious cost advantages. It has been dominant in the field of new energy vehicle batteries, especially in the market of commercial vehicles such as electric buses and logistics vehicles, and special vehicles. With the subsidy of domestic new energy vehicles Retreat, CTP, and other technologies have further reduced the cost of lithium iron phosphate batteries and increased energy density. Lithium iron phosphate batteries will also show their talents in the field of passenger cars.
