Crazy "Lithium King"-Ganfeng Lithium Industry

The price of lithium is rising so well, isn't it fragrant to lie on the lithium mine and count the money? But the Lithium King can't sit still after all!

Invest 15GWhh, spend 8.4 billion yuan, engage in a new lithium battery project, Ganfeng lithium industry opened a big mouth, "nibble" to Ningde era, BYD and other big cakes to eat with relish, to "grab food" from these giants.

Recently, Ganfeng Lithium Industry announced that Ganfeng Lithium Power, a subsidiary of the company, plans to invest 3 billion yuan to build an annual 5GWh new lithium battery project in Xinyu, Jiangxi Province, and 5.4 billion yuan to build an annual 10GWh new lithium battery science and technology park and advanced battery research project in Liangjiang New area of Chongqing. Among them, the Advanced Battery Research Institute is related to the direction of solid-state batteries.

"the current liquid lithium-ion battery has reached its limit with an energy density of 300Wh/kg or a little higher, and our next step is to develop solid-state batteries or gradually transition to all-solid-state lithium batteries." Chen Liquan, academician of the Chinese Academy of Engineering, said.

Solid-state battery is the "killer's mace" for Ganfeng lithium industry to compete with traditional battery giants.

Solid-state battery will carry Dongfeng car

It is understood that the first generation of mixed solid-liquid electrolyte battery products of Zhejiang Feng Lithium (a wholly owned subsidiary of Ganfeng Lithium Power) has passed a number of third-party safety tests and a number of customer sample tests. The single energy density of the battery reaches 235mm 280Whhand kg after 1000 cycles, the capacity retention rate is more than 90%, and it has the ability of charge and discharge at 5C rate. the 40Ah solid-state lithium battery product has been finalized and mass produced, and the safety index and comprehensive performance of the product have been tested by relevant institutions to reach the mature product level.

At the same time, Zhejiang Fengli is also developing the second generation solid-state lithium battery. It is understood that the research and development of the solid-state lithium battery is based on high-nickel ternary cathode and metal-containing lithium anode materials. At present, the energy density of this product exceeds that of 350Wh/kg. At the same time, the solid-state cells of metal lithium negative electrodes with energy density higher than 420Wh/kg have been used in special fields.

"low / cobalt-free solid-state lithium battery technology combined with CTP technology can meet the needs of energy density, safety and cost reduction, which is the inevitable trend of power battery development in the future." Zhejiang Feng Lithium official said that the company has achieved the development and production of solid-state lithium battery products from 235Wh/kg to 420Wh/kg, with outstanding performance in extreme safety, such as acupuncture, overcharge, extrusion, high temperature shock and so on.

Ganfeng Lithium Industry said that under the background of the outbreak of the new energy vehicle industry, the company has been making every effort to open up the upstream and downstream of the lithium battery industry chain, and take solid-state batteries as the focus of the development of the power battery plate in the future. Some investors believe that the construction of this production project may be the last step in the commercial mass production of solid-state batteries in Ganfeng lithium industry.

Just last month, Dongfeng Technology Center and Ganfeng Lithium signed a demonstration and promotion agreement for solid-state battery E70 models. Li Liangbin, chairman of Ganfeng Lithium Industry, said that the company will continue to expand 1GWh solid-state battery capacity this year to support Dongfeng's new energy development. It is reported that by early 2022, Ganfeng lithium solid-state battery may be the first to carry in the Dongfeng E70 model, and complete the vehicle delivery and demonstration promotion.

Consolidate the advantage of lithium resources

Of course, as a "lithium king", Ganfeng lithium industry in the layout of lithium resources has never been relaxed.

According to the industry summary, Ganfeng Lithium Industry currently holds more than 21 million tons of equity lithium resources (lithium carbonate equivalent), and Tianqi Lithium Industry's equity lithium resources reserves are about 16 million tons LCE,. Other lithium industry companies' lithium resources reserves are concentrated below 1 million tons LCE. The distribution of lithium resources upstream of the company takes the lead among the listed companies in the domestic lithium industry.

At the same time, among the global lithium industry companies, the raw material source of Ganfeng lithium industry is also one of the most comprehensive and protected enterprises, including domestic, foreign, salt lake, ore and lithium clay. The long-term high-quality and stable supply of lithium raw materials also ensures the company's business operation and can enhance the company's cost advantage.

Globally, the main source of lithium is still lithium ore, and it is mainly concentrated in the "lithium triangle" region composed of Argentina, Chile and Bolivia. At present, Ganfeng Lithium Industry has one of the largest lithium extraction projects in Argentina's salt lake, and is expected to steadily supply tens of thousands of tons of lithium carbonate to the market every year in the future.

In fact, since listing, Ganfeng lithium industry has not stopped the pace of external expansion, in addition to domestic Qinghai, Jiangxi and other places, but also in foreign Australia, Argentina, Mexico, Ireland layout. Since the beginning of this year, Ganfeng Lithium Industry has continued to throw out a number of investment projects, and the company has distributed overseas resources by way of equity participation and holding.

For example, Ganfeng Lithium increased its stake in Bacanora, a British lithium mining company, for no more than £24 million in February, bought a 100 per cent stake in Yili Hongda in March, acquired all issued shares in Bacanora for no more than £190 million in May, and bought half of SPV in the Netherlands for $130 million in June. In July, it offered to acquire Millennial, a Canadian company, for no more than C $353 million.

According to the performance forecast issued by Ganfeng Lithium Industry, the company expects to make a net profit of 1.3 billion yuan to 1.6 billion yuan in the first half, an increase of 730.75% to 922.46% over the same period last year. In the capital market, Ganfeng lithium industry is crazily sought after by the market. Over the past year, the share price of Ganfeng Lithium Industry has risen by more than 232%, with the market value soaring by nearly 190 billion yuan. The market value of A shares has exceeded 270 billion yuan, and the stock price has reached an all-time high of 206.58 yuan per share, with a cumulative increase of 750% in the past two years.

Haitong Securities analysis said that Ganfeng lithium industry continues to accelerate the distribution of resources, is moving into the global lithium mining giant. Looking forward to 2025, the company's production plan has broken through the 300000 ton LCE mark. Ganfeng lithium industry has been buying mines over the past year: two salt lakes in Argentina, clay mines in Mexico, Qinghai salt lakes and lithium mines in Mali. According to comprehensive estimates, the company's own mine production is expected to exceed 220000 tons in 2025, a seven-fold increase from the current 30, 000 tons. Including the underwriting, the total output will be close to 350000 tons.