According to the data, as of March 3, the average price of domestic power lithium iron phosphate was 43000 Yuan / ton.
According to the data monitored by the business agency on March 4, the average price of domestic power-based superior products was 43000 Yuan / ton by March 3. 2021 is a year when lithium iron phosphate is expected to be in reverse. The average price of lithium iron phosphate Market in January is 37000 Yuan / ton, and that in February, the average price of the market has risen to 41000 Yuan / ton, up 10.81% compared with the same period in January. In March, the price increase momentum still did not stop, and the price soared to 43000 Yuan / ton, up 16.22% compared with the same period in January, up 6000 Yuan / ton.
In terms of enterprises, business agency data show that today (March 4), the latest quotation of power type iron lithium phosphate of enterprises such as German nano, beiteri and Guanghua technology has risen to 45000 Yuan / ton.
Behind the rise of the price of lithium iron phosphate, there is a huge increase in market demand support.
The analysis of open source Securities said that the price rise of lithium iron phosphate is mainly led by the improvement of supply and demand pattern brought by strong warming of demand end and the follow-up catalysis of raw material lithium carbonate. In the medium and long term, the price performance of lithium iron phosphate battery in energy storage and electric vehicles is very high, but the overseas market has not been opened yet. It is expected that with the promotion of relevant demonstration models and projects, a new round of cycle of lithium iron phosphate will come.
According to the latest data of China automotive power battery industry innovation alliance, the output of China's Ferro lithium phosphate battery in January 2021 was 5.2gwh, accounting for 43.1% of the total production, an increase of 493.6% year-on-year; the loading capacity of lithium-iron phosphate battery was 3.3gwh, an increase of 349.8% year-on-year. Last year, the total loading capacity of lithium-iron phosphate battery in China was 24.4gwh, accounting for 38.3% of the total installed vehicle, and increased by 20.6% year on year, which is the main product driving the overall increase of loading volume on a year-on-year basis.
On February 26, in response to the challenge of nickel shortage, Tesla CEO Elon mask tweeted that in the future, all standard models of model 3 will be replaced with lithium iron phosphate batteries.
On March 3, Peng announced that it plans to launch lithium iron phosphate version: the standard extended model of rear drive is launched by the small Peng P7, and the 460C model is added to the small Peng G3. Among them, the standard endurance model of P7 rear drive of Xiaopeng has two versions, namely, intelligent sharing version and supreme version, and both versions adopt lithium iron phosphate battery. The new 460C model also features lithium iron phosphate battery.
In addition, Wuling Hongguang Mini EV and BYD Han EV are also equipped with lithium iron phosphate battery.
In January, Wuling Hongguang Mini EV ranked first with 37000 vehicles, according to data released by EV sales, a research institute, on March 2.
BYD Han EV, which sold 12103 cars in January, became the first high-end C-class car that sold more than ten thousand cars in China's automobile industry in the first month, and continued to stabilize the four top four camps of 250000 class medium and large cars.
Chuancai Securities believes that new energy vehicles are the trend of future development. With the continuous improvement of electric vehicle penetration, safety has become a crucial part. The material characteristics of lithium iron phosphate decide that it is superior to ternary positive material in safety. Electric vehicles equipped with lithium iron phosphate battery also rarely have spontaneous combustion events. With the decline of subsidies for new energy vehicles, cost control has become a key issue for major car enterprises. Compared with the ternary battery module, the cost of lithium-iron phosphate battery is about 10%, and the supply of upstream raw materials makes it still have room to continue to decline. The advantage of cost also promotes the favor of the downstream vehicle enterprises.
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