The price of lithium iron phosphate has reached a three-year high. This year, the installed capacity accounts for more than 50%.

Lithium iron phosphate is a rising year in 2021. The price of lithium iron phosphate in January was 37000 yuan / ton. as of December 29, the spot price of SMM showed that the price of lithium iron phosphate was 105000 yuan / ton, an overall increase of 67000 yuan / ton for the whole year, an increase of 176.32%. The price reached a three-year high.

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With the rapid development of electric vehicles, the installed capacity of lithium iron phosphate battery is increasing continuously. At present, it has exceeded the installed capacity of ternary battery. By November 2021, the installed capacity of power battery in China has accumulated 128.5 GWH, of which the installed capacity of ternary battery is 63.3 GWH and the installed capacity of lithium iron phosphate battery is 64.8GWh. The agency pointed out that in the absence of a major breakthrough in the battery technology route, lithium iron phosphate will maintain its cost advantage for a long time. As many car companies represented by Tesla choose lithium iron phosphate batteries for matching, the proportion of lithium iron phosphate installed in China is expected to be 60% in 2025, while overseas will also reach 20%. It is expected that the medium-and long-term permeability of lithium iron phosphate in the world is expected to reach 35%.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Fengyuan stock Zaozhuang headquarters 10000 tons of lithium iron phosphate and 5000 tons of conventional ternary production line has been gradually mass-produced since October 2021, Anqing base currently plans to produce 50, 000 tons of lithium iron phosphate (divided into two phases of construction, each phase of 25000 tons).

Jiangxi sublimated lithium iron phosphate cathode material, a subsidiary of Fulin Seiko, is continuously supplying Ningde Times and other major customers. The 50, 000-ton lithium iron phosphate cathode material project in the flood shooting base has completed equipment installation and started trial production step by step. The production capacity of 190000 tons of lithium iron phosphate is being planned.