Leading lithium iron phosphate companies stop taking orders?

Following the shortage of chips, lithium iron phosphate is also in a hurry. At present, some leading lithium iron phosphate companies have stopped taking new orders, which may affect the pattern of China's new energy vehicle market in 2021. It was learned from the Lithium Iron Phosphate Material Factory that leading companies no longer quote externally because the orders in hand are already too full and the production capacity is obviously insufficient. The production capacity of high-quality companies such as Defang Nano and Hunan Yuneng is quite tight. The German nano staff responded: The current supply and demand of lithium iron phosphate is structurally short, the market gap still exists, and the supply exceeds demand. A car company complained that insufficient production capacity is one of the reasons. More importantly, lithium iron phosphate companies treat OEMs differently, guaranteeing orders from large companies as much as possible, but some small companies’ orders are selective neglect. Lithium iron phosphate batteries are so hot due to many factors. One is related to the decline in subsidies for new energy vehicles. At present, there are two main types of power batteries for new energy vehicles-lithium iron phosphate and ternary batteries. In the era of China's substantial subsidies for new energy vehicles, ternary batteries are favored for many reasons such as high energy density. But when the subsidy declined and realized that the future will enter an era of no subsidy, car companies have turned to lithium iron phosphate. In 2020, popular high-end models such as Tesla Model 3 and BYD Han are all equipped with lithium iron phosphate batteries. The Wuling Hongguang MiniEV, which sells more than 30,000 units a month, also uses lithium iron phosphate batteries. According to statistics, in 2020, six of the top 10 new energy vehicles sold in China will all launch lithium iron phosphate versions. Not only domestic car companies, but also overseas car companies such as Daimler have also made it clear that they will launch new energy vehicles with lithium iron phosphate batteries on a large scale. In addition, LFP batteries are used. Lithium iron phosphate batteries have entered a period of accelerated development in emerging fields such as energy storage, two-wheelers, and electric boats. The second is related to the rapid development of lithium iron phosphate battery technology. In the past, lithium iron phosphate could not dry the ternary battery because of the low volume energy density of the battery, which was about 300-400Wh/L. The ternary battery basically exceeds 500-600Wh/L. As a result, the load of lithium iron phosphate batteries in passenger cars is too small, and it is difficult to meet the requirements of high cruising range. However, as BYD and others have successively introduced high-endurance lithium iron phosphate batteries, the short range of lithium iron phosphate batteries has been solved, and the advantage of low prices has begun to appear. In 2020, BYD launched a high-endurance blade battery (in fact, it is a lithium iron phosphate battery). BYD Auto Chairman Wang Chuanfu declared with a high profile, 'Blade batteries will change the new energy automobile industry’s reliance on ternary lithium batteries and return the power battery technology route. The right way, and redefine the safety standards of new energy vehicles. BYD Han, equipped with blade batteries, officially claims that the cruising range exceeds 600 kilometers. In fact, the industry will backfire on lithium iron phosphate, and it has been expected. In 2020, China's power batteries will decline year-on-year. However, lithium iron phosphate has greatly increased and its market share is approaching ternary batteries, which has a trend of overtaking. According to data released by the China Automotive Power Battery Industry Innovation Alliance, the cumulative sales of power batteries in China in 2020 will reach 65.9GWh, a cumulative decline of 12.9% year-on-year. Among them, the cumulative sales of ternary lithium batteries were 34.8GWh, a cumulative decrease of 34.4% year-on-year; the cumulative sales of lithium iron phosphate batteries were 30.8GWh, a cumulative year-on-year increase of 49.2%, becoming the only product that achieved positive year-on-year growth. Some analysts pointed out that China’s lithium iron phosphate The battery production capacity is about 279,000 tons. According to the current real market forecast and replenishment pressure, the supply and demand will be slightly tight in 2021, especially some high-quality head lithium iron phosphate companies will be rushed for orders. Many lithium iron phosphate companies also Hope to seize the opportunity. For example, Yiwei Lithium Energy, which ranks third in the industry in terms of production capacity, is expanding its production of lithium iron phosphate.