Shenzhen KAMCY New Energy Products Co., Ltd. is a leading domestic lithium battery manufacturer, a high-tech enterprise integrating lithium battery research and development, production and sales, and can provide customers with customized services for lithium batteries. Its products include lithium batteries, lithium iron phosphate batteries, nickel-chromium batteries and nickel-hydrogen batteries, etc., which are widely used in lighting fixtures, digital products, new energy vehicles and solar energy.
Following the introduction of lithium iron phosphate models by Tesla and Xiaopeng, Weilai, who has always been focusing on high-end roads and benchmarking BBA, also joined the camp.
Recently, some media reported that Weilai will upgrade the existing 70-degree (kWh) battery pack. The new battery pack uses lithium iron phosphate batteries, which are planned to be released in the fourth quarter of this year. According to a source who has contact with the top management of the Ningde era, 'the new battery is still supplied by the Ningde era, and the B-sample test is currently being done.'
In fact, as early as last year, there was a rumor that 'NIO has already contracted a production line of lithium iron phosphate batteries in the Ningde era.' Related models will be launched this year.
However, it was later proved that the production line packaged by Weilai was originally reserved for Tesla in the Ningde era and was used by Weilai to produce 100-degree ternary battery packs. In other words, NIO's upgrade to lithium iron phosphate battery packs is not the rumored production line, and a new production line may be opened. Of course, it doesn't matter which production line Weilai chooses, what is important is that Weilai's iron-lithium model is really coming!
With Tesla, Weilai and others entering the game, lithium iron phosphate against the three yuan, and has more confidence, or will usher in a brilliant 'revival era.' Not long ago, Zeng Yuqun, chairman of CATL, also stated that CATL will gradually increase the production capacity of lithium iron phosphate batteries in the next 3 to 4 years, and the production capacity of ternary batteries will gradually decrease. And BYD is also determined to 'hard knock' with the 'iron lithium' blade battery.
1. 'Myth' in sales of lithium iron phosphate models
Speaking of it, compared to other friends' lithium iron phosphate strategies, Weilai is obviously slower. As early as June last year, the Tesla Model 3 lithium iron phosphate version has now appeared in the 'model catalog.' And BYD Han, equipped with blade batteries, also hit the market last year. Since then, driven by the celebrity effect, more and more celebrity best-selling models are scrambling to replace lithium iron phosphate batteries.
According to relevant calculations, in 2020, six of the top 10 new energy vehicles sold in China's shopping malls have now launched lithium iron phosphate versions. Explosive models such as Tesla Model3, BYD Han, and Wuling Hongguang Mini EV all use lithium iron phosphate batteries. In addition, BAIC EC/EU series, SAIC-GM-Wuling Baojun E series, Changan Auchan, Hezhong New Energy Nezha series and other pure electric passenger vehicles have also launched models supporting lithium iron phosphate batteries.
Entering the threshold of 2021, Great Wall Euler, whose main focus is on young and trendy roads, is impatient. At the beginning of the year, it announced the official launch of the Euler Black Cat Cute Pet Edition. Its battery pack was replaced by a lithium iron phosphate battery from the original ternary battery. Xiaopeng sedan also first launched the lithium iron phosphate version of P7 and G3 in the 'new forces of car building' in early March. In addition, Ideal Sedan also stated in its internal letter that future models will include a price range of 150,000 yuan to 500,000 yuan, and it is reported that its low-priced models will also use lithium iron phosphate batteries.
The back of the lithium iron phosphate version of the trend is the demonstration of the power of lithium iron as a 'cost-reducing killer', and with the promotion and application of CTP and blade battery technology, the system energy density has been 'changed against the sky', thus The sales of the supporting models brought by it burst out.
Taking Tesla as an example, the CITIC Securities report pointed out that the standard battery life upgraded version of Tesla (Shanghai) Model 3 is replaced with lithium iron phosphate batteries, calculated according to the cost savings per unit battery pack of 0.10 yuan / Wh, each battery pack The cost can be reduced by about 5,000 yuan. In 2020, with the blessing of lithium iron phosphate batteries, Tesla has already lowered the price of Model 3 produced in its Shanghai plant from more than 300,000 yuan to 249,900 yuan, which has also helped Tesla to complete the market in China. A 'myth' with annual sales of over 100,000 vehicles.
2. Is expected to replace Sanyuancheng's 'dominant'?
Because of the hot sales of related models, the installed capacity of lithium iron phosphate batteries has increased significantly. From the data point of view, the sales of ternary batteries in Chinese shopping malls in 2020 are 34.8GWh, a year-on-year decrease of 34.4%; the sales of lithium iron phosphate batteries are 30.8GWh, an increase of 49.2% year-on-year. In the 'Model Catalog (First Batch of 2021)', the proportion of lithium iron phosphate battery models is now as high as 78%. Among them, the proportion of passenger cars has also increased from the previous highest 40% to 50%. %.
It is clear that the professional format of power batteries, which was dominated by ternary batteries, is undergoing drastic changes, and lithium iron phosphate batteries will usher in a new trend. Ningde Era, BYD, Yiwei Lithium Energy, Guoxuan Hi-Tech, Penghui Energy, Ruipu Energy, Honeycomb Energy, AVIC Lithium and other manufacturers with iron-lithium production lines will continue to benefit from it. Industry insiders estimate that 2021 will usher in a big year of increasing demand for lithium iron phosphate batteries, which is estimated to increase by 80% year-on-year.
In fact, many companies are accelerating production expansion preparations. In addition to the aforementioned Ningde era to add lithium iron phosphate production capacity, the current BYD blade battery production capacity is also rapidly expanding. It is reported that its five production bases in Chongqing, Changsha, Bengbu, Guiyang and Hefei have been built, are under construction and planned, and the capacity of blade batteries has approached 135GWh. In addition, in the first quarter of this year, in less than a month, Yiwei Lithium Energy released two announcements with a total investment of 4.9 billion yuan to expand production aimed at the passenger car lithium iron phosphate battery market.
CITIC Securities pointed out that at present, Tesla, Daimler and other major overseas new energy car companies have also cleared the way for lithium iron phosphate batteries. It is estimated that other overseas car companies such as BMW and Volkswagen will also choose iron phosphate in their electrification paths. Lithium battery supporting program, lithium iron phosphate battery is expected to complete the global supporting program. With the introduction of more models equipped with lithium iron phosphate batteries, market demand for lithium iron phosphate batteries will remain strong for a long time.
According to a research report released by Wood Mackenzie, an international shopping mall research organization, lithium iron phosphate batteries are expected to surpass nickel-cobalt-manganese ternary batteries to become the dominant electrical energy storage chemical in the next ten years and gain a firm foothold in the energy storage market. Later, it will gradually occupy a leading position in the field of electric cars.