Battery Industry Network news recently, lithium iron phosphate battery let the industry look at it again.

In August this year, the installed capacity of power batteries in China was 47.2GWh, of which the installed capacity of lithium iron phosphate batteries was 35.0GWh, accounting for 74.2% of the total installed capacity.

Obviously, under the consideration of cost control and safety, more and more manufacturers regard lithium iron phosphate battery as the preferred solution. In contrast, ternary batteries only have a quarter of the market share.

01 market orders suddenly increased

the market of lithium iron phosphate battery is more than that. With China's car companies going to sea in recent years, lithium iron phosphate batteries have also attracted the attention of global car companies, and many lithium iron phosphate battery factories have been landing in European and American markets one after another.

Just in July this year, vision Power's Spanish factory started, which will develop and produce the latest generation of lithium iron phosphate batteries.

In the same month, ACT, an American joint venture company of Yiwei Lithium Energy, started construction, with a planned annual capacity of about 21GWh square lithium iron phosphate battery. Nowadays, lithium iron phosphate has become the "highlight" of the layout of domestic and foreign battery enterprises, and the lithium iron phosphate material link that needs to be transmitted to the upstream of the industrial chain also shows an obvious trend of improvement.

"The enterprise has placed daily orders, and our production capacity is not enough to supply." An enterprise supplying lithium iron phosphate manufacturers said this.

According to the data disclosed by various enterprises, the sales volume of phosphate cathode material products in the first half of Hunan Yuneng was 309400 tons, the sameThe ratio increased by 43.3 percent; In the first half of the year, the capacity was 349000 tons, the output was 325000 tons, and the capacity utilization rate was 93.15 percent.

Fulin Seiko's capacity of lithium iron phosphate in the first half of the year was 140000 tons/year, the output was 47000 tons, and the capacity utilization rate was.

In the past 8 months, Fulin Seiko also received large orders issued by Ningde era. In three years, Ningde era will purchase at least 420000 tons of lithium iron phosphate materials from its subsidiary Jiangxi sublimation. In the first half of the year, the output of lithium iron phosphate cathode material reached 79000 tons, the sales volume was 74500 tons, and the operating income was 2.476 billion yuan.

At the same time, its subsidiary Changzhou lithium source also signed a sales contract with South Korea battery giant LGES for 160000 tons of lithium iron phosphate cathode material products. The contract period is from 2024 to 2028.

Driven by demand, the output of lithium iron phosphate increased significantly in August this year, and the head production enterprises maintained a high operating rate. The industry predicts that the output of lithium iron phosphate will increase by 80% year-on-year, nearly doubling in the case of synchronous improvement of production schedule in September.

02 price and cost both go down

since 2023, the price of lithium iron phosphate has continued to decline. In the whole year of last year, the price of lithium iron phosphate dropped from 166000 yuan/ton at the beginning of the year to 46000 yuan/ton at the end of the year, and the annual decline exceeded 70%.

Up to this year, the price trend of lithium iron phosphate is still the same. In the bidding activity of a head electric core factory, some industry enterprises further lowered the quotation, and processing fees also showed signs of decline. This price fluctuation reflects the changes in the supply and demand situation of lithium iron phosphate market and the influence of raw material cost on the price of lithium iron phosphate.

"There is a fire at the gate of the city, which will hurt the fish in the pond". The main raw materials of lithium iron phosphate are lithium carbonate and iron phosphate. Obviously, lithium carbonate isThe main factors driving lithium iron phosphate cost downward.

At present, the price of lithium carbonate continues to hover at a low level, in stock maintenance of price is around 70000 yuan/ton, and the futures price even fell below the threshold of 70000 yuan/ton at one time, and there is still no sign of recovery so far.

This directly lowers the cost of the downstream lithium iron phosphate cathode material, and then affects the price of the lithium iron phosphate cathode material.

Under this background, in 2024, lithium iron phosphate enterprises are expected to further improve quality and efficiency through layout integration and other means to boost performance.

For example, in order to speed up the integration construction, Hunan Yuneng has carried out the distribution of phosphate rock resources in Guizhou and built the recycling project of waste lithium iron phosphate batteries, create a Trinity industrial model of "phosphorus chemical industry + copper smelting + new energy materials.

Wanrun Xinneng also said that it has realized the integrated production chain from raw materials to finished products by taking advantage of its own professional advantages in iron phosphate technology. The independently produced iron phosphate is not only used to manufacture its own lithium iron phosphate cathode material, but also effectively reduces the production cost.

In the reshaping stage of lithium battery industry, enterprises with technological and cost advantages can occupy a leading position in the fierce competition.