Logic of lithium iron phosphate industry: the technical direction has changed, and the power storage two wheel drive. Driven by the subsidy policy and influenced by the “mileage anxiety” of new energy vehicles, the battery industry focuses on the improvement of battery energy density. At present, the mileage problem of new energy vehicles has been alleviated, while the safety performance, cycle performance and cost of lithium batteries after the decline of subsidies have been highly concerned by battery enterprises and vehicle enterprises. The penetration rate of lithium iron phosphate batteries with safety performance and cost advantage has rebounded rapidly and returned to the center of the industry. On the one hand, the penetration rate of lithium iron phosphate in the field of power batteries has increased. On the other hand, driven by both policy and market, the energy storage market has developed rapidly, and the penetration rate of lithium iron phosphate batteries in the field of energy storage is very high. Driven by downstream demand, the prosperity of lithium iron phosphate industry will continue to rise.
Energy density is no longer the primary concern of the industry, and the importance of safety performance, cycle performance and cost is prominent
After the subsidy policy focuses on the energy density of lithium batteries Battery enterprises vigorously develop ternary batteries with high energy density, so the lithium iron phosphate battery industry has entered a downturn. However, under the background of declining subsidies and frequent battery safety accidents, the safety performance, cycle performance and cost of lithium battery have been highly valued by the industry. Therefore, the prosperity of lithium iron phosphate battery industry has rebounded, the penetration rate has started to rise after continuous decline, and lithium iron battery has returned to the industry center with its safety performance and cost advantages.
Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , Gotion High-Tech Co.Ltd(002074) respectively introduced CTP technology, blade battery technology and JTM technology to improve the energy density of iron lithium battery system
In view of the disadvantages of lithium iron phosphate battery in terms of energy density, major battery enterprises in the industry began to improve the system energy density of the battery from the perspective of space utilization, Contemporary Amperex Technology Co.Limited(300750) launched CTP technology to improve the space utilization rate by reducing the number of battery system components, Byd Company Limited(002594) and Gotion High-Tech Co.Ltd(002074) respectively used blade battery technology and JTM technology to increase the volume utilization rate by 50% and 15%, While improving the energy density of the system, significantly reduce the battery cost and further enhance the competitiveness of iron lithium battery.
The demand for communication energy storage and wind power generation energy storage is growing rapidly, and the lithium iron phosphate battery industry will benefit significantly
Under the background of “carbon neutralization” and “carbon peak”, the development and utilization of new energy are put on the agenda At the same time, the development is accelerated under the dual drive of policy and market. Electrochemical energy storage includes the energy storage demand of communication energy storage and solar power generation Among them, the communication energy storage is divided into the energy storage demand of new 5g base stations and the battery replacement demand of 4G base stations. Since 2021, more than 20 provinces have issued photovoltaic wind power distribution and storage requirements. In view of the high penetration rate of lithium iron phosphate batteries in the field of energy storage Demand will therefore increase rapidly.
