Lithium iron phosphate is frequently favored: application areas expand and production capacity grows rapidly

According to the data monitored by the business agency, as of April 26, the average price of domestic power-type premium lithium iron phosphate was 50000.00 yuan/ton. The recent increase in lithium iron phosphate has slowed down. The overall increase in April was 4.17%, or 2000 yuan/ton. Ton. The shortage of upstream lithium carbonate has also been alleviated. Since 2020, with the development of the global economy, environmental awareness has continued to increase, and the new energy battery industry has developed rapidly. With its excellent performance and manufacturing cost advantages, lithium iron phosphate has become the mainstream Direction of development. Expansion of the application range of lithium iron phosphate The main application area of u200bu200blithium iron phosphate is currently new energy vehicles, which account for a relatively large proportion, followed by energy storage, electric ships and other fields are also developing rapidly, and the production capacity of lithium iron phosphate is growing rapidly, in 2017 -In 2018, the production capacity will remain at 70-80,000 tons. By 2019, the production capacity will reach 90,000-100,000 tons due to demand growth. In 2020, the production capacity will reach 250,000 tons. The popularity of lithium iron phosphate continues to increase, and the number of vehicles installed is also increasing. From 2015 to 2019, the production and sales scale of new energy vehicles in my country has increased from more than 300,000 to more than 1.2 million. In 2021, the installed capacity of lithium iron phosphate power batteries in my country It will reach 41.8GWh, and the share of lithium iron phosphate in the power battery market will be between 40% and 50%. The sales volume of hot new energy vehicles continues to increase, and it will maintain steady growth from 2021 to 2023. The wholesale sales of new energy passenger vehicles from July to September hit a record high in the same period. Lithium iron phosphate is favored by more and more new energy vehicle companies. . After 2021, lithium iron phosphate will undoubtedly emerge in more application markets. New land vehicles, 5G base stations, marine vehicles, and life energy storage are all future battlefields of lithium iron phosphate; data backup power supply, Power requirements such as medical equipment backup and elevator backup power will also bring some room for development to lithium iron phosphate; the field of 5G communication energy storage backup power is developing rapidly. China Mobile and China Tower have successively implemented 5G base station backup power, using lithium iron phosphate storage. Yes, the current centralized project bidding has been announced, and the bidding volume is 2.09GWh. In the future, there are about 14.38 million base stations that need to be transformed. The 5G energy storage market brings huge space to the demand for lithium iron phosphate batteries. In terms of price, according to the statistics of the business agency, the overall price from early January to the end of April 2021 increased by 35.14%, an increase of 13,000 yuan/ton. At the beginning of January 2021, the price of lithium iron phosphate was 37,000 yuan/ton. By the end of January, the price rose to 38,000 yuan/ton. The overall price increased by 2.7%, or 1,000 yuan/ton; the price of lithium iron phosphate increased from 38,000 yuan/ton in early February. The price of lithium iron phosphate increased from 43,000 yuan/ton to 42,000 yuan/ton, a 13.51% increase in price compared to early January, and the increase reached 5,000 yuan/ton; the price of lithium iron phosphate increased from 43,000 yuan/ton in early March to 48,000 yuan/ton in March. The increase was 11.63%, which was a 29.73% increase from the beginning of January, and a 26.32% increase from the beginning of February. Prices continued to rise in April, and the overall price in April rose by 4.17%, an increase of 2,000 yuan/ton. According to the lithium carbonate data engineer of the business agency: the price of lithium carbonate has been in a stable state recently. Since the domestic lithium carbonate has been increasing continuously from March to May, the relationship between supply and demand has been improved to a certain extent. The previous shortage of lithium resources does not seem to have any impact on the price of lithium carbonate in the near future. However, the shortage of lithium ore in 2021 is more important. After the bankruptcy of Altura, the supply of Australian mines has begun to tighten. Overlapping Tianqi's partial production capacity cannot be guaranteed. Australia has only two remaining capacity to supply lithium ore, and the demand for lithium ore from the remaining smelters in the market will Greatly reduced. The following is a comparison chart of lithium carbonate and lithium iron phosphate price trends. The Lithium Iron Phosphate analyst of the Business Society believes that the development trend of new electric vehicles is becoming more and more obvious, the marine transportation vehicles are developing rapidly, and the space for development in the field of backup power storage is huge. This shows that the market position of lithium iron phosphate will be further improved in the future.