And then won the bid for China Tower Lithium Iron Phosphate Battery Project Funeng Technology Power Exchange Market

Recently, the China Tower announced the "2021-2022 Lithium Iron Phosphate Exchange Battery (version 3.0) product bidding candidates", in which the news of Funeng Technology winning the bid has been widely concerned and discussed in the industry. the reason is that the cooperation between Funeng Technology and China Iron Tower is for lithium iron phosphate battery pack, so it can be seen that the high-end ternary soft bag battery leader "soft bag" also has a layout in lithium iron phosphate.

In fact, this is not the first time that Funeng Technology has won the bid for the Chinese Iron Tower.

In December 2021, the Guangdong Branch of Iron Tower Energy Co., Ltd. announced the results of the candidates selected in the 2021-2022 emergency replacement battery procurement project (re-selection), and Funeng Technology was also shortlisted. This is also the first time that Funeng Technology has joined the "circle of friends" of China's iron tower, and the battery pack is also supplied with lithium iron phosphate. It has been revealed that the project is currently in the supply stage.

Technical strength is a strong support for the business development of Funeng Science and Technology.

Combing the business layout and market performance of Funeng Technology in recent years, it is not difficult to find that, in fact, Funeng Technology has long entered the power exchange market, and winning the bid for China Tower can be said to be a leap from quantity to quality in the field of power exchange business.

It is understood that, in addition to the China Iron Tower, prior to this, Funeng Technology supplied power batteries to many two-round power exchange brands, such as easy Power Exchange and Lithium. It can be said that the two leading domestic rotation brands Funeng Technology have supplies, and the power exchange customers have a strong lineup, which is something to be reckoned with.

Why is it that Funeng Technology has sprung up everywhere in the fields of complete vehicles, two-wheelers, energy storage and power exchange, and has developed many well-known customers in related business fields? One of the main factors is the strong technical strength of Funeng Technology and reliable product quality.

Funeng Technology is a power battery company with ternary soft package as its core technology. at present, it is doing continuous research and development in the direction of high energy density and high safety, as well as storing technologies such as lithium iron phosphate and solid-state batteries. In terms of new generation battery technology, Funeng Technology has technical reserves in CTP, CTC and material system iteration. At present, achievements include the first mass-produced 800VTC overcharge and overpressure platform technology, 330Wh/kg high energy density battery, SPS high integration solution and so on.

Funeng Technology core product ternary soft package power battery has excellent performance, with high energy density, good safety performance, long cycle life, fast charging speed, strong temperature adaptability and other advantages, with excellent battery performance, Funeng Technology has been ranked first in domestic shipments of soft package power lithium-ion batteries for many years from 2017 to 2021. At present, Funeng Technology has become one of the leading companies in the world of three-yuan soft package power batteries.

Share the growth track in the field of changing electricity to lithium electricity

According to statistics, the social ownership of electric two-wheelers in China has exceeded 350 million. Behind the rapid development of electric two-wheelers, the charging problem has become increasingly prominent. Data show that there were 18000 fires caused by failures of electric bicycles and batteries across the country in 2021, killing 57 people, severely testing the charging safety of electric two-wheelers.

Because the charging mode is still not convenient and safe, slow charging, long charging, affecting the travel of users and other factors, the "vehicle-electricity separation" power exchange mode arises at the historic moment, thanks to the small size, portability and fast charging of lithium battery. with the use of the scene and product basis, taking advantage of the new national standard, electric two-wheeled vehicles to accelerate lithium electrification, the replacement mode has opened up a market. According to EVTank, a research institution, the size of the two-round power exchange market is expected to exceed 100 billion in 2025, and shared power exchange will become a deterministic growth track in the lithium battery field.

By the end of 2021, China's towers had developed a total of about 612000 tower power exchange users, an increase of 311000 over the end of 2020, making it the largest light electric vehicle power exchange operator in the country. In 2021, the revenue of China Tower Energy business reached 2.071 billion yuan, an increase of 121.5 percent over the same period last year, of which the revenue of power exchange business reached 1.243 billion yuan, an increase of 239.6 percent over the same period last year.

China Iron Tower 2021-2022 Lithium Iron Phosphate replacement Battery (version 3.0) product project the lowest quotation of lithium iron phosphate replacement battery pack is 1.186 yuan / Wh, the highest price is 1.248 yuan / Wh, this price is higher than the bidding price of lithium iron phosphate battery for base station backup power, and even higher than the price of lithium iron phosphate power battery pack, which also indicates that there is much room for growth in the shared exchange battery market.

The estimated scale of China's tower bidding is 800000 sets. Based on the battery pack of an electric two-wheeler matching 60V/20Ah, it is estimated that the 1036.8MWh battery of the Chinese tower bidding is sufficient to meet the power replacement needs of 864000 electric two-wheelers, which is expected to further expand the scale of the power exchange business of China's iron towers.

The two-wheeled electric vehicle industry is developing in the direction of lightweight, lithium electrification and intelligence, while the new business mode of two-wheel power exchange is in line with the industrial trend, the needs of social governance and the requirements of national policies. it will also provide new momentum for industrial transformation and upgrading, innovation and development. Funeng Technology once again won the bid for China Iron Tower, which is not only a reflection of its strength, but also an effective boost to Funeng's scientific and technological performance, installed capacity and industry status.

In the future, Funeng Technology will still take the ternary soft package as the main technical route, and focus on the layout of lithium iron phosphate in smart cities, park comprehensive energy, energy storage power stations, user energy storage and other energy storage business areas. Among them, the production capacity of Wuhu base in Anhui is lithium iron phosphate. At present, Funeng technology has made some progress in lithium iron phosphate technology, especially in the number of cycles of lithium iron phosphate battery is expected to make a further breakthrough.

With the gradual opening of the market situation of lithium iron phosphate in energy storage, shipping and other fields of Funeng Technology, it is bound to win more orders for it. The installed capacity of power batteries of Funeng Technology will also increase significantly in 2022, which is expected to reach about 13-15GWh.