A recent Keheng Energy · Study Technology report gives us a statistical data that substantiates the growing popularity of lithium iron phosphate batteries. On November 29, statistics from SNE research, a global emerging energy market research organization, showed that from January to November this year, the global LiFePO4 battery consumption reached 192 GWH, a year-on-year increase of 2.8 times; In November, the battery consumption was 25.2Gwh, a year-on-year increase of 2.2 times. Among them, from January to August, the global lithium iron phosphate battery consumption of TOP10 enterprises reached 181.7gwh, accounting for 94.63%.
The top 10 global battery users from January to November are CATL, LG Chem, Panasonic, BYD, SKI, Samsung SDI, AVIC lithium, Gotion High-tech, AESC and PEVE.
Chinese enterprises account for half of the country. Five Chinese enterprises have a global market share of 44.4%, three Korean enterprises have a market share of 34.8%, and two Japanese enterprises have a market share of 14.3%.
The first three enterprises are just from China, South Korea and Japan.
No.1 CATL
From the data, in the first eight months of this year, CATL’s share in the global electric vehicle battery market was as high as 30.3%, significantly higher than that of other manufacturers.
Especially in the domestic market, CATL occupies half of the domestic power battery market share. For example, from January to August, the domestic market share of Ningde era was 49.7%, and in August alone, the market share was 51.7%.
CATL is expanding continuously. In terms of investment direction, from upstream materials and equipment, to midstream battery pack and cell factories, and then to downstream battery recycling, vehicle factory, automatic driving, chip, energy storage, travel and other fields.
For example, CATL acquired 100% equity of Millennium lithium Corp. for 1.93 billion yuan, and the acquired company owns two world-class lithium salt lake projects in Argentina; The participating company invested RMB 1.552 billion in Manono, a lithium project in the Democratic Republic of Congo in Africa.
In terms of battery capacity, CATL has the strongest total expansion in 2021. In the first half of 2021, the new production capacity reached 60gwh. It is expected to increase the planned capacity by 240Gwh from 2022 to 2023, and the investment is expected to exceed 80 billion RMB.
The capacity expansion plan of Ningde era has been revealed in early 2021. First, four new power battery projects of 30 billion yuan were thrown out before the Spring Festival, and then a fixed increase of 58 billion RMB was launched in July, setting off the climax of the power battery capacity arms race for the construction of new battery capacity.
No.2 LG chem
Although LG chem still ranks second, its market share is 24.5%, which is 5.8 percentage points lower than that of CATL. It is completely defeated in the annual No1 competition.
In the early stage, in the recall of Hyundai Automobile, it is reported that LG Chem will pay 70% of the relevant expenses, about 5.6 billion RMB; Recently, in the recall of general motors, LG new energy may also suffer losses.
In the Chinese market, LG Chem supplies Tesla with fewer and fewer batteries, which is mainly reflected in the ranking of power batteries in China. LG Chem’s ranking “diving”: it fell to No. 10 in July and out of the top 15 in August.
It is worth noting that LG Chem may be preparing to produce safer lithium iron phosphate batteries: according to the elec, LG Chem began to develop lithium iron phosphate battery technology in Daejeon laboratory, South Korea, at the end of last year, and is expected to build a pilot test line as soon as 2022.
It is reported that the packaging form of LG Chem’s lithium iron phosphate battery is soft package.
No.3 Panasonic (Japan)
Panasonic ranks third, far behind CATL and LG Chem
It is understood that Panasonic is good at nickel cobalt aluminum (NVA) technology and silicon-based negative electrode material technology. The cobalt content of cylindrical batteries cooperated with Tesla has decreased significantly, and a square battery factory has been jointly built with Toyota. The overall supply system is relatively closed and stable.
Panasonic plans to expand its joint venture plant Giga Factory 1 with Tesla by 10% to 39Gwh in 2021, and consider building a large joint venture battery plant in Norway with equinor and hydro.
In addition, for the new generation of cylindrical battery 46800 being developed by Tesla, Panasonic chief financial officer and CFO hiroho Meitian said that a verification production line will be established in Japan in 2021.
No.4 BYD
Since the introduction of blade battery(LiFePO4 technology) in March last year, BYD’s development has been unstoppable.
The external supply of BYD batteries is also accelerating. In BYD’s words, it means “almost every car brand you can think of is negotiating and cooperating with Freddy battery, and blade batteries will be carried on new energy models of mainstream brands at home and abroad.”
On April 19, 2021, Li Yunfei, general manager of BYD’s brand and public relations division, said that Freddy battery would promote the listing within one or two years.
In terms of battery production, BYD currently has 8 major production bases, including Shenzhen Baolong, Shenzhen Kengzi, Xi’an hi tech, Qinghai Xining, Guizhou Guiyang, Chongqing Bishan, Changsha Ningxiang and Anhui Bengbu. In addition, BYD has jointly established 10Gwh production capacity with Chang’an Automobile, and BYD’s total planned production capacity has reached 175Gwh.
BYD’s production capacity reached 65 GWH about Lithium iron phosphate batteries at the end of last year and is expected to reach 91 GWH at the end of this year.
No.5 SKI
According to foreign media reports on September 1, the Korean giant SKI, which is about to split the power battery business and list separately, decided to invest US $1.06 billion (about 6.8 billion yuan) to build the fourth automobile battery factory in China.
It is understood that SKI has three power battery bases in China, namely Changzhou, Yancheng and Huizhou. The production capacity of each base is 7gwh, 10gwh and 10gwh respectively.
In early July this year, s SKI announced that it would split the battery business and realize independent listing; Ski also launched a program called “1 terawatt”+ α.” Plans to invest 30 trillion won (about US $26.5 billion, about 171.2 billion yuan) in five years to “shift its business from carbon emissions to green (energy business)”.
In terms of specific actions, in China, SKI ‘s Changzhou 7.5gwh battery plant was completed in December 2019 and put into operation in the second quarter of 2020; Yancheng 20gwh battery plant and Huizhou battery plant have been put into operation in the first quarter of 2021.
In Europe, SKI ‘s first factory in Hungary has started mass production in 2020, and ski has three other battery factories under construction in Hungary.
In North America, although the lawsuit with LG made it compensate $1.8 billion, the settlement made its way to expand production in North America go smoothly. It is understood that SKI ‘s first and second plants in Georgia are under construction.
In addition, in May this year, Reuters reported that Ford and SKI reached an agreement to jointly establish a joint venture to produce products such as batteries and array modules in the United States. It is expected to produce 60gwh of batteries and modules every year after completion.
SKI ‘s plan is to increase the power battery capacity to 200 GWH in 2025 and more than 500 GWH in 2030.
No.6 CALB
In terms of year-on-year growth, CALB lithium Iron phosphate battery was the fastest growing battery enterprise with a year-on-year increase of 288.1% from January to August.
In terms of the latest developments, CALB lithium Iron phosphate battery recently released a new generation of battery, which applies many new technologies and is based on the design concept of one stop.
It is understood that based on the new design concept for the TWH era, CALB lithium Iron phosphate battery has four characteristics of “one pole and three highs”, which are minimalism, high integration, high safety and high reliability.
For example, in terms of structure, the space utilization rate of the new generation battery is increased by 5%, the structure weight is reduced by 40%, the parts are reduced by 25%, and the cost is reduced by 15%.
In terms of production, the production efficiency of the new generation battery is increased by 100%, the production space is reduced by 50%, the manufacturing cost is reduced by 30%, and the energy consumption is reduced by 60%. It also has the characteristics of “zero” introduction risk of foreign matters.
From the pack level, the space utilization of the new generation of batteries is increased by 5%, the energy density is increased by 10%, the parts are reduced by 20%, the heat exchange efficiency is increased by 50% and the cost is reduced by 10%.
It is worth noting that the new generation battery of CALB lithium Iron phosphate battery has flexible size, strong expansibility and can carry all models. The new generation lithium iron phosphate battery system supports the range of 700km of supporting models; The new generation of ternary battery system supports the range of 1000km of supporting models.
Liu Jingyu, chairman of CALB , said that the construction capacity of CALB lithium Iron phosphate battery will reach more than 100GWh this year. Facing the future, the company plans to have a production capacity of more than 300Gwh in 2025.
No.7 Gotion High-tech
Gotion High-tech has ten production bases in Hefei (Xinzhan, Jingkai, Lujiang and Feidong), Nanjing, Qingdao, Tangshan, Nantong, Liuzhou and Yichun.
On May 28, 2020, Gotion High-tech disclosed that Volkswagen China plans to hold 26.47% of the company’s shares by participating in the fixed increase and the transfer of some of the company’s shares held by Zhuhai Gotion High-tech and its actual controller Li Zhen, becoming the largest shareholder of the company.
Gotion High-tech returned to the top three and ranked third in the ranking of China’s power battery installed capacity in August released on September 10. Specifically, in August, Gotion High-tech accounted for 5.5% of the domestic market with a power battery installed capacity of 0.69gwh.
Gotion High-tech’s production capacity goal is to form a lithium iron phosphate battery production scale of 300gwh by 2025.
No.8 EVE energy
EVE new energy, as one of the leading power batteries in China, has successively arranged the fields of consumer lithium-ion batteries and power batteries, and has become a comprehensive power solution provider. The company has complete technical routes and industrial lines, has power storage battery and consumer battery business, and is in a leading position in the battery industry. The company not only signed a power storage battery project with Chengdu not long ago, but also invested and built a battery production line of 20 GWH about Lithium iron phosphate battery in Jingmen, Hubei Province. Customers directly lock in Tesla, with a total market value of 256.7 billion yuan.
NO.9 Keheng Lithum battery
With 13 years professional lithium experience,strong R&D team,complete certification, Keheng lithium iron phosphate battery owned 229 core technologies and software copyrights,as a leading solution and product supplier in China. We are dedicated to manufacture next-generation lithium iron phosphate batteries batteries for commercial, medical, and industrial applications. Their base is in Shenzhen and they specialize in the research as well as the production of NIMH, Li-Po, and LiFePO4 batteries. The total market value of 240 billion yuan.
