Domestic Output of LFP Rose 103% on the Year

Published: Jun 9, 2022 17:18

Source: SMM

Save

China’s output of LFP stood at 57,806 mt in May, an increase of 23% month on month and 103% year on year.

SHANGHAI, Jun 9(SMM) -

China’s output of LFP stood at 57,806 mt in May, an increase of 23% month on month and 103% year on year.

In the post-pandemic time, terminal demand has gradually recovered. China’s production and sales of LFP finally bottomed out after three consecutive months of decline.

In addition, new production capacity of some large first- and second-tier factories has been put into production and the market supply has increased.

The new production lines in Guizhou Yuneng, Yiwei Defang, Jintang Times and Longbai will be gradually released in the third quarter, and the expansion of LFP supply is still in the fast lane.

On the demand side, as the impact of the epidemic gradually subsides, most car and battery companies in the Yangtze River Delta have resumed normal production, and demand for motive power and energy storage has recovered. The industry will welcome the boom in supply and demand in June. The output of LFP is expected to reach 76,755 mt, an increase of 33% month-on-month and a year-on-year increase of 161%.

Output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

SMM Analysis: China's unwrought cobalt imports fell 50% MoM in May 2026, exports rose 70% MoM

In May 2026, China’s unwrought cobalt imports were approximately 673 mt, down 50% MoM and up 3% YoY; unwrought cobalt exports were approximately 370 mt, up 70% MoM and down 88% YoY.

8 hours ago

[SMM Analysis: China's Cobalt Intermediate Products Imports Up 107% MoM in May 2026]

In May 2026, China's imports of cobalt hydrometallurgy intermediate products were approximately 2,584 mt in physical content, up 107% MoM and down 95% YoY, of which imports from DRC were approximately 2,066 mt in physical content, up 119% MoM and down 96% YoY.

8 hours ago

9 hours ago

Impact of the Ministry of Commerce Adding 10 US Entities to the Export Control List on Solid-State Batteries [SMM Analysis]

[SMM Analysis: Impact on Solid-state Batteries of the Ministry of Commerce Adding 10 US Entities to the Export Control List] On June 22, 2026, the Ministry of Commerce issued an announcement and, effective immediately, formally implemented the "Export Control List (June 22, 2026)," which includes 10 US entities. This export control measure has almost no direct impact on China's solid-state battery industry, but attention should be paid to the indirect link of the rare earth supply chain. (1) China already has export controls on high-end batteries with an energy density exceeding 300 Wh/kg (including semi-solid and all-solid-state), and this measure targeting specific entities is an extension of the existing control framework rather than a new restriction specifically aimed at the solid-state battery industry. (2) The solid-state battery industry is still in the development stage and has not yet generated a significant export demand.

9 hours ago