New Energy Vehicles Are Popular, and Lithium Iron Phosphate Batteries Have Become a "pastry"
New energy vehicles are popular, and lithium iron phosphate batteries have become a "pastry". In 2020, lithium iron phosphate battery will become the only type of power battery with year-on-year growth in sales. Due to the shortage of supply, the price of battery grade lithium carbonate in China has continued to rise since January 2021. At present, the quotation is generally 62000-67000 yuan / ton.The tuyere rises againAccording to the data released by China automotive power battery industry innovation alliance, the cumulative sales volume of power batteries in China in 2020 was 65.9gwh, a year-on-year decrease of 12.9%. Among them, the cumulative sales of ternary lithium battery was 34.8gwh, a year-on-year decrease of 34.4%; The cumulative sales of lithium iron phosphate battery was 30.8gwh, with a year-on-year increase of 49.2%.In the past two years, due to the preference of subsidies for long-life batteries, ternary batteries have enjoyed no different scenery for a time. In 2018, the installed capacity of lithium iron phosphate battery accounted for 39%, a year-on-year decrease of 10 percentage points, and the market shrank significantly; In 2019, the installed capacity of lithium iron phosphate battery was about 19.98 GWH, a year-on-year decrease of 7%, and the installed capacity continued to decrease.Since the second half of 2020, lithium iron phosphate battery has begun to regain its tide. In April 2020, the new energy subsidy policy was released to optimize and adjust the subsidy policy for new energy vehicles in the next two years from multiple aspects such as extending the subsidy period and optimizing technical indicators. Industry insiders believe that after the decline of subsidies gradually stabilized, the industry began to change from strong policy driven to market driven, and the pressure on enterprises to reduce costs increased, resulting in a sharp increase in the proportion of lithium iron phosphate power batteries with relatively low prices and strong market demand.In 2020, lithium iron phosphate batteries will be used in many popular models. For example, Tesla Model 3 is equipped with Ningde era lithium iron phosphate battery; BYD "Han" is equipped with lithium iron phosphate blade battery for the first time, and its sales volume in a single month has reached a new high, with a cumulative sales volume of 40600 vehicles in the whole year. In addition, Wuling Hongguang Mini EV, a trendy single product, has won the sales champion of China's new energy vehicles for four consecutive months. Since its listing in July 2020, the annual sales volume has accumulated 127700 vehicles. Most of its vehicles are also equipped with lithium iron phosphate batteries.Many enterprises said that orders were full. GP recently said on the interactive platform that the company's power battery continues to ship, the power battery production line is full production, and the sales volume continues to increase. The new energy vehicle power batteries produced and sold by the company are all lithium iron phosphate batteries.Galaxy Securities believes that with the continuous maturity of R & D technology of power battery enterprises, the promotion and application of CTP technology in Ningde era and BYD blade battery technology can reduce costs and improve the energy density of battery system, so that lithium iron phosphate battery has the characteristics of high safety and low cost, and its market competitiveness is enhanced; At the same time, the competition in the domestic new energy vehicle market is becoming more and more fierce. Lithium iron phosphate has cost advantages over ternary materials, prompting car manufacturers to use lithium iron phosphate batteries more to reduce production costs and seize market share.The agency predicts that the global sales volume of new energy vehicles is expected to reach 4.31 million in 2021, with a corresponding power battery shipment of 267gwh, a year-on-year increase of 45.1%. From the perspective of market segments, the lithium iron phosphate battery market is expected to continue to pick up, benefiting from technological updates and cost advantages.Orders are fullThe price of lithium iron phosphate materials has been rising all the way. Insiders disclosed to the China Securities Journal that a domestic trader quoted a high price of 80000 yuan / ton for battery grade lithium carbonate on January 19, up 17000 yuan / ton from 63000 yuan / ton on January 14, an increase of 26.98%.As the main raw material of cathode materials, the price of domestic battery grade lithium carbonate will be reduced all the way in the first half of 2020, from 41000 yuan / ton to 34000 yuan / ton. Since August 2020, the price of lithium carbonate has increased from 39500 yuan / ton at the bottom to 66500 yuan / ton, an increase of 68.35%."From the demand side, the domestic new energy vehicle market was booming in the fourth quarter of last year. In the first quarter of this year, it is expected to continue the high growth trend, and the downstream power battery enterprises have full orders. Battery enterprises step up product delivery, accelerate the release of production capacity, and have a strong demand for upstream raw materials, supporting the rise of lithium carbonate prices," said Wei Wenzhu, a lithium battery analyst at Gaogong.Wei Wenzhu believes that lithium battery shipments in small power, electric light vehicles, base station energy storage, ships and other fields will increase significantly in 2020, driving the growth of lithium salt shipments in the upstream. It is expected that the shipments of lithium batteries in the above fields will continue to grow further in 2021, becoming an important force driving the increase of lithium carbonate shipments and prices.With the continuous growth of downstream demand, lithium salt enterprises will accelerate the construction of new production capacity and ensure the stability of raw material supply. From the current situation, Ganfeng lithium industry, Tianqi lithium industry, Shengxin lithium energy, Yongxing new energy, Zhiyuan lithium industry, Lanke lithium industry and other enterprises have production expansion plans.The record of recent investor relations activities of Ganfeng lithium industry shows that the company's lithium products are in short supply, especially in January and February due to the impact of the Spring Festival holiday. It is expected that lithium salt products will be in a tight supply this year. German nano announced on January 18 that German nano, Ningde times and Jiang'an County People's government signed an investment agreement and agreed to invest in the construction of the "80000 T / a lithium iron phosphate project" in Jiang'an County, Yibin City, Sichuan Province, with a total investment of about 1.8 billion yuan, which is constructed in two phases and a total construction period of 36 months.Technological breakthroughFor lithium iron phosphate battery energy density short board, head manufacturers are trying to make up for it.At the 10th Technology Conference and supplier conference of GuoXuan high tech held recently, GuoXuan high tech released 210wh / kg lithium iron phosphate single battery, realizing key technological innovation in many aspects. GuoXuan high tech said that the energy density of lithium iron phosphate 210wh / kg single battery has reached the highest known level of lithium iron phosphate system products, with safer performance and considerable market application prospect.Ouyang Minggao, vice president of China electric vehicle hundred people's Association and academician of the Chinese Academy of Sciences, said that in recent years, a series of improvements have been made through lithium supplement, silicon addition and solid-liquid mixed electrolyte. At present, the energy density of lithium iron phosphate battery can exceed 200wh / kg. The volume group efficiency from single battery to system increases from 40% to 60%, and the endurance mileage can reach 600 km. In addition, the battery pack is directly used as the structural part of the chassis (such as blade battery pack) and other technological innovations are expected to break through in the future.The team of Wang Chaoyang, academician of Pennsylvania State University, recently made a major breakthrough in the research of lithium iron phosphate battery. It only needs to be charged for 10 minutes, with a endurance of about 250 kilometers, and the cost is only equivalent to that of traditional internal combustion engines. Wang Chaoyang said that the battery reduces weight, volume and cost.Experts pointed out that with the research and development of new technologies, the energy density of lithium iron phosphate battery will gradually increase. With its own cost advantages, the market penetration of lithium iron phosphate will continue to increase.Wu Hui, general manager of the research department of Ivey Economic Research Institute, told the China Securities Journal that the model y sold by Tesla uses the ternary lithium battery of LG chemistry. If the 77 kwh lithium iron phosphate battery pack version is launched, it is about 0.2 yuan cheaper than the ternary lithium battery pack per watt hour, and the cost of power battery model y alone can be reduced by more than 15000 yuan. However, Wu Hui said that from the development trend of battery technology, improving energy density is the only way. In the future, there will be emerging technology routes such as solid-state batteries, lithium metal batteries and lithium sulfur batteries to try to solve the problems of high energy density and long endurance mileage. Power batteries eventually compete around high energy density, high safety and low cost.Original title: lithium iron phosphate battery has become a "sweet cake": enterprise orders are hot and prices continue to riseThe source of the article: official account of WeChat public: Chairman of lithium battery Union, welcome to add attention! Please indicate the source of the article.