Lithium iron phosphate battery or ternary battery?
Maybe you want it all!
Lithium iron phosphate battery ( Lifepo4 )and ternary battery, who is the future of lithium battery? In terms of performance, price, stability, etc., both have their own advantages and disadvantages.
In the past three months, many ternary material battery companies in the relevant listed companies in the lithium battery cathode industry are actively entering the lithium iron phosphate battery while vigorously expanding their production capacity.
On December 15, XW New Energy plans to construct an annual production of 100,000 tons of lithium iron phosphate materials and an annual production of 30,000 tons of high nickel ternary materials.
DS Technology also announced a joint venture with SK Inc. to invest in the European new material industry base and the establishment of a joint venture company in South Korea to jointly develop the lithium iron phosphate business.
On December 10th, ZW intends to invest 10 billion yuan in the integration project of the lithium iron phosphate industrial park. It plans to build an integrated project with an annual output of 200,000 tons of iron phosphate and lithium iron phosphate materials. At the same time, it will also support the construction of phosphoric acid or yellow phosphate. Phosphorus, monoammonium phosphate, mining areas and phosphate ore mining to match the demand for 200,000 tons of lithium iron phosphate products.
These companies are deeply engaged in ternary cathode materials. Although individual companies have lithium iron phosphate R&D capabilities and technical reserves, there is a certain gap between the production process of lithium iron phosphate and their ternary materials business.
Why “bet at both ends” ?
The huge potential of lithium iron phosphate batteries in the energy storage market and meeting the dual needs of customers are the main reasons.
At present, ternary materials are the mainstream direction of new energy vehicle batteries. Lithium iron phosphate has broad space for energy storage and has a certain market share in entry-level passenger cars, special vehicles, logistics vehicles, and passenger cars.
Ternary materials customers and lithium iron phosphate customers have a high degree of overlap, and they have lithium iron phosphate research and development capabilities and technical reserves. Entering the lithium iron phosphate market can further consolidate the leading position of cathode materials and enhance their anti-risk capabilities.
The rapid development of the energy storage market makes lithium iron phosphate batteries usher in a new growth trend. Although some companies have a leading position in the field of ternary precursor materials, in order to improve the product system, it is necessary to expand the product line of lithium iron phosphate materials.
On the other hand, with breakthroughs in lithium iron phosphate battery life technology, the installed capacity of lithium iron phosphate batteries has also continued to rise recently, and even has a trend of catching up with the installed capacity of ternary batteries, which has also driven the industry chain into a trend of increasing production.
According to the power battery data in November, the production and loading of lithium iron phosphate batteries are higher than those of ternary batteries, and the same month-on-month increase in the loading of lithium iron phosphate batteries is higher than that of ternary batteries.
However, there are not only battery material suppliers in the lithium iron phosphate club. Many chemical companies have entered the lithium iron phosphate industry across borders.
While laying out ternary cathode materials, TY shares recently plans to establish a new company to invest in an annual production of 100,000 tons of lithium iron phosphate cathode materials; FY shares also have the capacity of lithium iron phosphate cathodes, conventional ternary cathodes and high nickel ternary cathodes.
Competition will become more intense !
It is foreseeable that competition in the lithium iron phosphate market will become more intense in the future. The fierceness of downstream new materials is driving the warming of the upstream raw material market
After XW and YH Lithium jointly established New Energy Materials Co., Ltd. on the 14th and invested in the construction of a lithium iron phosphate production line with an annual output of 100,000 tons, YH Group also announced the subscription of 80 million shares of Australia EV Resources accounting for EV 9.5% of the company’s total share capital. The main purpose of the subscription is to jointly develop its existing lithium resources with EV company.
EV Company is an Australian resource-related listed company, holding multiple shares of lithium resource projects in Australia, as well as non-lithium resources such as Khartoum Tin YW in Australia, New Standard Copper Mine in Arizona, USA, and YNM Gold Mine in Peru. project.
YH Group has signed lithium concentrate offtake agreements with YH Lithium, LJG Spodumene Mine, Australia Core, etc. to protect its priority supply rights.
