Over 6.1 billion! Another chemical leader strikes lithium iron phosphate again

"the enterprises that have the production capacity of iron phosphate in the future will be the most profitable." There is such a view in the industry.

From the perspective of industrial chain, the preparation path of lithium iron phosphate battery is as follows: phosphate rock-industrial grade phosphoric acid / monoammonium phosphate-iron phosphate-lithium iron phosphate positive electrode-iron lithium battery.

From the market point of view, the data predict that by 2030, the global demand for power batteries will reach 7TWh.According to the limit of 70% of lithium iron phosphate, the demand for lithium iron phosphate will reach 12.5 million tons.

The huge demand market and strong resource advantages have aroused the "enthusiasm" of cross-border transformation of a large number of chemical enterprises.

On January 4, another phosphorus chemical enterprise announced that it would "add" the field of ferric phosphate.

The bibcock exceeds 6.1 billion "bets".

On the evening of January 4th, Xin Yangfeng announced that Yangfeng Chuyuan, a wholly owned subsidiary of the company, plans to sign the Investment / Service Agreement of Investment and Investment Project with the people's Government of Yidu City to build an annual production line with an annual output of 100000 tons of iron phosphate and 50, 000 tons of lithium iron phosphate. supporting 100000 tons of refined phosphoric acid production line, with a total planned investment of 3 billion yuan.

This is the "opening gun" of New Yangfeng aiming at the field of lithium iron phosphate in 2022. In 2021, which just passed not long ago, Xin Yangfeng has already launched a series of rhythmic groundwork.

On August 17, 2021, New Yangfeng disclosed the announcement on Investment in the Construction of 200000 tons of Iron Phosphate and its Upstream supporting projects and the announcement on the Establishment of a Joint Venture with Changzhou Liyuan New Energy Technology Co., Ltd., invest 25-3 billion yuan to build an annual output of 200000 tons of iron phosphate and related supporting projects, and officially enter into new energy.

On September 3, Hubei Fengli New Energy Technology Co., Ltd., a joint venture between Xinyangfeng and Changzhou Liyuan, was established with a registered capital of 200 million yuan. Of which Xin Yangfeng contributed 120 million yuan, with a shareholding ratio of 60%; Changzhou Liyuan contributed 80 million yuan, with a shareholding ratio of 40%. At the same time, the first phase of the 50,000 t / an iron phosphate project will be implemented by the joint venture company and is expected to be completed and put into production in February 2022.

On December 16, Xin Yangfeng announced that it had invested 500 million yuan to set up a wholly-owned subsidiary "Yangfeng Chuyuan New Energy Technology Co., Ltd.". In addition, the new Yangfeng new energy-related industries will be unified under the "Yangfeng Chuyuan" in the future.

Thus it can be seen that in less than half a year, Xinyangfeng has invested 30 million 25 tons 1.2 yuan 5 = 6.12 billion yuan and will build a production line of 10 tons 5 tons 20 = 350000 tons of iron phosphate and lithium iron phosphate.

Before entering the field of lithium iron phosphate, Xin Yangfeng is already a leading enterprise in the phosphorus chemical industry chain, with a production capacity of 1.8 million tons of monoammonium phosphate (including 150000 tons of industrial grade monoammonium phosphate), ranking first in the country. Moreover, it has phosphate rock assets with a design capacity of 900000 tons per year. At the same time, its parent company, Yangfeng Group, has nearly 500 million tons of phosphate rock resources. In the future, related phosphate rock assets will be gradually injected into listed companies.

Such a two-pronged approach will fundamentally form "resource support", and Xinyangfeng will also have obvious cost advantages and industrial coordination advantages in the process of promoting iron phosphate products, which will help to improve market competitiveness. consolidate the company's leading advantage in the phosphorus chemical industry and enhance profitability.

In the secondary market, as of January 5, Xinyangfeng closed at 17.17 yuan, up 0.57 yuan or 3.43%, with a total market capitalization of 22.399 billion yuan.

Lithium iron phosphate battery with the return of the king

2021 is a brilliant year for lithium iron phosphate. On the one hand, the price rose sharply. At the beginning of 2021, the price of lithium iron phosphate (power type) was 36-40, 000 yuan / ton, and by the end of the year, the price rose to 107-111000 yuan / ton.

On the other hand, lithium iron phosphate is very powerful all the way, staging a drama of "the return of the king". Data show that from January to November this year, China's power battery production totaled 188.1 GWH, an increase of 175.5% over the same period last year. Among them, the output of lithium iron phosphate batteries totaled 105.3 GWH, accounting for 56% of the total output, an increase of 275.7% over the same period last year, and the output of ternary batteries totaled 82.4 GWH, accounting for 43.8% of the total output, an increase of 106.1% over the same period last year.

In terms of installed capacity, the installed capacity of power batteries in China totaled 128.3 GWH, an increase of 153.1% over the same period last year. Among them, the total installed capacity of ternary batteries was 63.3 GWH, accounting for 49.3% of the total installed capacity, up 92.5% over the same period last year; and the installed capacity of lithium iron phosphate batteries was 64.8 GWH, accounting for 50.5% of the total installed capacity, up 270.3% over the same period last year.

From this point of view, lithium iron phosphate battery in 2021 has achieved a comprehensive anti-excess of ternary battery in terms of output and installed capacity.

The explosive growth of lithium iron phosphate battery has opened up a crazy production expansion mode, and a tripod situation has been formed. Not only iron and lithium enterprises have greatly expanded production, but also upstream titanium dioxide enterprises and phosphorus chemical enterprises have entered the bureau one after another. According to incomplete statistics, a total of 13 enterprises have invested in lithium battery lithium iron phosphate projects across the border in 2021, with a planned production capacity of more than 4 million tons per year.

Installed capacity of lithium iron phosphate power battery TOP10

According to the data, the top 10 companies in the installed capacity of lithium iron phosphate power batteries from January to October 2021 are Ningde Times, BYD, Guoxuan Hi-Tech, Yiwei Lithium Energy, Honeycomb Energy, Tianjin Lishen, Ruipu Energy, Penghui Energy, Henan Lithium Power, and Anchi New Energy, accounting for 98.7% of the total. With the intensification of competition in the lithium iron phosphate market in 2022, these 10 enterprises will launch a very fierce competition.

From the perspective of application field, the growth of lithium iron phosphate power battery installation mainly comes from the market of new energy passenger vehicles and special purpose vehicles. The passenger car market is mainly represented by the switching of the hot-selling models of the main engine factory to the iron-lithium direction, and the special-purpose vehicle market is mainly manifested by the increase in the number of electric tractors.

Ningde era: the market share of lithium iron phosphate batteries reached 47.6%, of which about 60% were supporting passenger cars, including Tesla Model3, Hongguang MINI EV, Xiaopeng P7/P5/G3, BAIC EU series, Changan Mercedes-Benz, Euler Black Cat, SAIC Roewe ei5, Namao NO1/V, etc.; passenger cars accounted for about 20%, mainly supporting Yutong, Jinlong, Zhongtong, CRRC, Golden Travel and so on. Special-purpose vehicles account for about 20%, and the main supporting customers include Yutong, Zoomlion, Xugong, SAIC Chase, Changan, Jiangling, Dongfeng, SAIC and so on.

BYD: the market share is 32.1%, of which about 90% are matching passenger cars, which are mainly self-supplied at present. Including BYD Qin, Han, Tang, Song, Yuan, etc.; outsourced FAW Red Flag, FAW Pentium and so on.

Guoxuan Hi-Tech: the market share is 11.5%, of which about 80% are equipped with passenger cars, including Hongguang MINI EV, Jianghuai iEV series, Chery eQ series, Jianghuai Sihao, Changan Mercedes-Benz, Changan Auchan, Zero running T03, BAIC EC/EU series, Yujie punk and other models.

Yiwei LiNeng: the market share is 1.9%, mainly special-purpose vehicles. The field of passenger cars is equipped with Kaiwo entrepreneurs; special-purpose vehicles account for about half, and customers include Nanjing Jinlong, Geely Sichuan commercial vehicles, Dongfeng Motor and so on.

Honeycomb Energy: 1.6% market share, its supporting models are all passenger cars, including the Great Wall Ora good cat and so on.

Tianjin Lishen: the market share is 1.3%, of which about 8% are special-purpose vehicles, and customers include BAIC Foton, FAW Jiefang Qingdao, Shaanxi Automobile, Dongfeng and so on. In the field of passenger cars, there are mainly Jianghuai Sihao, Jianghuai iEV series, Baojun E series and other models.

Ruipu Energy: market share is 1.2%, supporting the vast majority of passenger cars, including Baojun E series, Lingbao BOX, Dongfeng Fengshen and other models.

Penghui Energy: the market share is 0.7%. The main supporting models include Baojun E series, Lingbao BOX, Wuling Rongguang EV and so on.

Henan Lithium: market share 0.4%, the main supporting models include Dongfeng Junfeng EV series, Fukang Elysee and so on.

Anchi new energy: market share 0.3%, mainly supporting Changan Auchan, Dongfeng Junfeng EV series, Changan Star and other models.