Yiwei Lithium Energy plans to build Lithium Iron Phosphate Battery for 20GWh passenger vehicles

Yiwei Lithium Energy plus Lithium Iron Phosphate Battery layout for passenger cars.

On March 10th, Yiwei Lithium Energy announced that its subsidiary Yiwei Power intends to sign a "contract" with the Management Committee of Jingmen High-tech Industrial Development Zone to invest in the construction of 20GWh square lithium iron phosphate battery production line in Jingmen High-tech Zone.

Yiwei Power will also build a 48GWh power storage battery production line and auxiliary facilities in Jingmen High-tech Zone, the notice said. The total amount of the above two investments is estimated to be 12.6 billion yuan.

Thanks to the economy and safety of lithium iron phosphate battery, as well as the application of CTP and other technologies, lithium iron phosphate battery has occupied a leading position in the field of new energy passenger vehicles, including Tesla, Volkswagen, Daimler, Ford, Hyundai, Xiaopeng, Zero running, BYD and other domestic and foreign mainstream car companies have increased the proportion of lithium iron phosphate battery use in the field of passenger vehicles.

In terms of passenger car product routes, Yiwei Lithium can have a variety of technical routes, such as square ternary, lithium iron phosphate, soft package ternary, large cylinder 46 series and so on, and the products have entered the supply chain of international head car companies.

It is understood that the square lithium iron phosphate battery for passenger cars developed by Yiwei Lithium has been mass-produced and is expected to have 4GWh production capacity this year. The expansion of 20GWh square lithium iron phosphate battery capacity will further enhance the delivery capacity to meet the downstream order needs of high-quality customers.

In addition, the 48GWh power storage battery production line and auxiliary facilities project, will be divided into three projects to promote, Yiwei LiNeng did not disclose the product technical route.

It needs to be added that the 20GWh square lithium iron phosphate battery project and the 48GWh power energy storage production line are both announced by Yiwei Lithium Energy in November last year. The company and its subsidiaries plan to complete a fixed asset investment of 30.521 billion yuan in Qiandao District, Jingmen City, to build the Jingmen Power Energy Storage Battery Industry Park project with an annual output of 152.61GWh.

In November 2021, Yiwei LiNeng has started the construction project of 20GWh large cylindrical battery for passenger vehicles in Jingmen Power Storage Battery Industrial Park. The industry speculates that the project is 4680pm 4695 large cylindrical battery production line.

Jingmen Power Storage Battery Industrial Park is the first 100 billion-level new energy battery industrial park planned by Yiwei Lithium Energy. So far, Yiwei Lithium Energy has started to build nearly 100 GWh power storage battery projects in the industrial park, and jointly with Enjie shares, New Zebang, Kodali and other battery industry chain enterprises to create hundreds of billions of new energy industrial clusters.

Since the beginning of this year, Yiwei LiNeng has also announced that it will reunite with industrial chain enterprises in Huizhou, Guangdong, and Yuxi, Yunnan, to build two trillion-level new energy battery industry clusters.

So far, Yiwei LiNeng and upstream industry chain partners have planned to build three trillion-level new energy battery industry cluster bases in China. In the future, with the construction of its power battery projects and upstream industrial chain supporting projects, on the one hand, it can achieve the coordination of the industrial chain and promote the efficient use of resources; on the other hand, it will also help to ensure the supply of raw materials and enhance cost competitiveness. At the same time, it will also greatly enhance the delivery capacity of Yiwei lithium energy, and further enhance its influence and comprehensive competitiveness in the new energy industry.