In the long run, the production capacity of lithium ternary cathode materials will reach 120000 tons by the end of this year.

SMM, April 1: recently, the long-term Lithium Division has accepted multi-agency research and released a record sheet of investor relations activities, which reveals a lot of company-related information. When referring to which of the company's products are in the leading position in China, long-term Lithium said that the company's main products, ternary cathode materials, are mainly used in power batteries, the product performance and quality level are in the forefront of the industry, and the product consistency is high. Widely praised by customers. And the company has a strong R & D strength, according to customer needs for customized product development, in the medium nickel, high nickel, single crystal, polycrystal and other directions can meet the individual needs of customers.

By the end of 2021, long-term Lithium has a total production capacity of 80,000 tons of ternary cathode materials and 30,000 tons of ternary precursors. At present, the second phase of 40,000 tons of ternary cathode materials project and 60,000 tons of lithium iron phosphate cathode materials project are under construction, and it is expected to reach 120000 tons of ternary cathode materials production capacity and 60,000 tons of lithium iron phosphate cathode material production capacity by the end of 2022.

Long-term Lithium said that the production capacity of the precursor is currently lower than that of the company's cathode materials, and the precursors are all self-supplied, not considering external sales for the time being. The company will further expand the production capacity of the precursor to match the demand for cathode materials and improve the self-sufficiency rate of the precursor. In the future, whether the precursor needs to be sold or not will be considered according to the market situation.

In addition, long-term Lithium also said that the company's current order demand for ternary cathode materials is very strong, maintaining the state of full production and full sales. At present, the first phase of the 40,000 tons / year project has been completed and put into production, and the production capacity is being gradually released; the second phase of the 40,000 tons / year project is under construction, and it is expected that some of the production capacity will be completed and put into production in the fourth quarter of this year. With the gradual commissioning and production of the company's construction projects, it is expected that the overall production and marketing scale of the company will increase significantly this year.

Recently, the company released an annual report saying that the total operating income in 2021 was 6.841 billion yuan, an increase of 240.25 percent over the same period last year. The net profit belonging to shareholders of listed companies was about 701 million yuan, an increase of 538.17 percent over the same period last year.