Main content:
Lithium iron phosphate cathode materials maintain high growth
Data showed that shipments of lithium iron phosphate materials in China reached 478,000 tons in 2021, up 274.2 percent year on year. In the first half of 2022, China's shipments of lithium iron phosphate materials have reached 417,000 tons, up 142% year on year. Benefiting from the growth of electric vehicles and energy storage(especially home energy storage) markets, lithium iron phosphate will become the fastest growing cathode material in the next five years. Currently, the market concentration of lithium iron phosphate materials is relatively high, and the total market share of China's Top 10 lithium iron phosphate materials companies has reached 89.9%.
In the first half of 2022, the top ten companies in terms of shipments of lithium iron phosphate materials are YUNENG, Dynanonic, LOPAL(LBM), RT-HITECH, WANRUN, Anda Energy, FULIN .SH, GOTION HIGH-TECH, TERUI and Pulead. This article will provide you with a detailed introduction of Top 10 lithium iron phosphate materials companies in China, including their development history, core business and industry-related layout layout, in order to help you gain an in-depth and comprehensive understanding of the development trend of lithium iron phosphate materials market and the latest news of leading companies in this industry.
Top 10 lithium iron phosphate materials companies in China in 2022
① YUNENG
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Established time |
June 23, 2016 |
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Company location |
Hunan, China |
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Register capital |
567.93987 million RMB |
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Company website |
Company profile:
YUNENG, which ranks first among China's Top 10 lithium iron phosphate materials companies, is a major supplier of cathode materials for lithium-ion batteries in China, focusing on R&D, production and sales of cathode materials for lithium-ion batteries. The main products of YUNENG include lithium iron phosphate, ternary materials and other lithium ion battery cathode materials. Currently, lithium iron phosphate is the main product, which is mainly used in the manufacture of lithium ion batteries such as power batteries and energy storage batteries, and finally used in new energy vehicles, energy storage and other fields.
Main products:
High-energy lithium iron phosphate, energy storage lithium iron phosphate, polycrystalline ternary materials and single crystal ternary materials.
Related layout:
YUNENG's annual production capacity of lithium iron phosphate has reached 140,000 tons, and it is expected to reach 500,000 tons within two years. On June 29, 2022, the first phase of the Yunnan base project (with an annual output of 500,000 tons of iron phosphate and 500,000 tons of lithium iron phosphate) planned to invest 14 billion RMB by YUNENG was officially completed and put into production. tons of lithium iron phosphate production capacity.
② Dynanonic
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Established time |
January 25, 2007 |
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Corporate headquarters |
Shenzhen, Guangdong |
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Total market value |
63.433 billion RMB |
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Company website |
③ LOPAL(LiBM)
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Established time |
March 11, 2003 |
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Corporate headquarters |
Jiangsu, China |
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Register capital |
720.741131 million RMB |
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Company website |
Company profile:
LOPAL (LiBM) is a lithium battery cathode material company controlled by LOPAL, it ranks third in Top 10 lithium iron phosphate materials companies in China. The company is committed to the research and development, production and sales of lithium ion battery core materials. The core product, LFP, is widely used in new energy vehicles, energy storage systems and other fields. Its predecessor was the cathode material department of BTR. Since the commercialization of LFP, the market share has been in the top 3; in 2017, the market share was the first.
Main products:
LFP cathode material - S series & LFP cathode material - iron lithium No. 1.
Recent news and related layout:
LOPAL (LBM)'s development momentum and expansion efforts have helped it enter the top three in the field of lithium iron phosphate. Its customers include CATL, XINYANGFENG and other listed companies. In terms of production capacity, Sichuan LBM has completed the first phase of production capacity construction in the first quarter of 2022, adding 25,000 tons of production capacity.
As of the end of May, the production capacity of lithium iron phosphate was about 85,000 tons/year, and it is expected to reach about 197,500 tons/year in the second half of the year. LBM is also the first lithium iron phosphate company in China to enter global markets. It plans to invest in the development and construction of lithium iron phosphate cathode materials with an annual output of 100,000 tons in Morowali Industrial Park (IMIP), Morowali County, Central Sulawesi. project.
④ RT-HITECH
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Established time |
October 14, 2016 |
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Company location |
Hubei, China |
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Register capital |
753.354283 million RMB |
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Company website |
Company profile:
RT-HITECH is China's leading lithium battery basic material innovation company, and one of Top 10 lithium iron phosphate materials companies in China. RT-HITECH is committed to R&D, production and sales of various advanced lithium battery cathode materials, anode materials and auxiliary materials. Its downstream products are widely used in energy storage systems such as new energy vehicles, power storage and communication backup power(including UPS batteries).
Main products:
Cathode materials, anode materials and auxiliary materials for lithium batteries
Related news:
RT-HITECH's production capacity has expanded to 105,000 tons at the end of 2021, and it is expected that the production capacity of lithium iron phosphate will expand to 300,000 tons in 2022. In terms of customers, it has achieved close industrial chain support with leading lithium battery manufacturers such as CATL, BYD, PYLONTECH, and Narada.
⑤ WANRUN
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Established time |
December 24, 2010 |
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Company location |
Hubei, China |
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Register capital |
63.911383 million RMB |
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Company website |
Company profile:
WANRUN belongs to the Top 10 lithium iron phosphate materials companies in China, mainly producing cathode materials and their precursors for lithium-ion power batteries and energy storage batteries. Its products are lithium iron phosphate, iron phosphate, etc., which are sold to world-renowned companies such as CATL, BYD, A123 SYSTEMS, CALB, GangfengLithium, and EVE.
Main products and application areas:
Lithium iron phosphate, iron phosphate - cathode materials and their precursors for lithium-ion power batteries and energy storage batteries, consumer battery materials and professional equipment battery materials
Related news:
As of 2021, WANRUN's lithium iron phosphate/iron phosphate production capacity is 42,800/41,000 tons, respectively. It is expected that the lithium iron phosphate production capacity will reach 175,000 tons by the end of 2022, and the total production capacity will reach 450,000 tons in 2024.
⑥ Anda Energy
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Established time |
August 23, 1996 |
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Corporate headquarters |
Guizhou, China |
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Total market value |
10.613 billion RMB |
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Company website |
Company profile:
As one of the Top 10 lithium iron phosphate materials companies, Anda Energy focuses on R&D, production and operation of iron phosphate, lithium iron phosphate and lithium ion batteries, which are mainly used in new energy vehicle power batteries. Anda Energy is a joint-stock enterprise that has transformed and upgraded from traditional industries (yellow phosphorus and sodium tripolyphosphate, etc.) to new energy materials industry (iron phosphate, lithium iron phosphate).
Main products:
Lithium iron phosphate and high purity nano iron phosphate.
Related layout:
By the end of 2021, Anda Energy has a production capacity of 40,000 tons of lithium iron phosphate materials. In addition, it plans to build a 50,000-ton lithium iron phosphate production capacity in Kaiyang, which can be put into production in 2022.
⑦ FULIN .SH
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Established time |
July 23, 2015 |
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Company location |
Jiangxi, China |
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Register capital |
820 million RMB |
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Company website |
Company profile:
FULIN .SH has been deeply involved in the field of cathode materials for automotive power batteries for many years. It is an enterprise engaged in the research and development, production and sales of cathode materials for lithium batteries, and is also one of the Top 10 lithium iron phosphate materials companies.
Main business:
Automotive power battery cathode materials - SHF09 10B SEM LiFePO4 & NCM01 ternary materials.
Related layout:
FULIN .SH currently has an annual production capacity of 62,000 tons of lithium iron phosphate, while the capacity under construction in Shehong is 60,000 tons. After the project reaches production, it will have an annual production capacity of 122,000 tons in the short term. In addition, FULIN .SH also has the technical process and product development and production capacity planning of lithium manganese iron phosphate (LMPF).
At present, FULIN .SH is promoting the technological transformation and expansion of the first phase of Shehong. After the related work is completed, its technological transformation capacity and new capacity will meet the process and engineering requirements of ferrous oxalate lithium iron phosphate and lithium manganese iron phosphate.
⑧ GOTION HIGH-TECH
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Established time |
January 23, 1995 |
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Global headquarters |
Anhui, China |
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Total market value |
78.241 billion RMB |
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Company website |
Company profile:
GOTION HIGH-TECH is one of the earliest companies in China to engage in independent research and development, production and sales of lithium-ion batteries for new energy vehicles, and is now one of China's Top 10 lithium iron phosphate materials companies. Its main business is power lithium batteries and power transmission and distribution equipment. GOTION HIGH-TECH's main products include lithium-ion battery wet separator, lithium battery cathode material, power battery cathode material, lithium iron phosphate battery pack, BMS management system, etc., which are widely used in dry pure electric passenger vehicles, pure electric commercial vehicles, Microgrid energy storage system and other fields.
Main products:
Lithium iron phosphate and ternary materials and batteries, power battery packs, BMS and energy storage battery packs, etc.
Current layout:
GOTION's current production capacity at the material end is mainly used for self-supply, and the layout materials include upstream minerals, positive and negative materials, copper foil, separators, electrolytes, etc. In the field of lithium iron phosphate materials, GOTION has a production capacity of 50,000 tons, and it is expected that its annual production capacity of 200,000 tons of lithium iron phosphate materials will be gradually released in the second half of 2022.
⑨ TERUI
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Established time |
March 1, 2007 |
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Company location |
Chongqing, China |
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Register capital |
111.9979 million RMB |
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Company website |
Company profile:
TERUI is a subsidiary of SOUTH TONGZHENG GROUP. It is an enterprise specializing in the research, development, production and sales of cathode materials for environmentally friendly new energy lithium batteries. It has become one of the Top 10 lithium iron phosphate materials companies in China. At present, the main products that TERUI has put into production are lithium iron phosphate and TR series nickel cobalt lithium manganate.
Main products:
Lithium iron phosphate & nickel cobalt lithium manganate.
Current news and related layout:
TERUI has joined the supply system of CATL in 2021, and its proportion of sales has gradually increased. TERUI once invested in the construction of a 100,000-ton cathode material project in 2017, which will be constructed in three phases, of which the production capacity of lithium iron phosphate materials is expected to exceed 60,000 tons. WANLI is currently preparing a capital increase in TERUI for its ongoing projects. It is expected that with the successful injection of capital, the expansion of TERUI will speed up.
⑩ Pulead
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Established time |
December 10, 1999 |
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Corporate headquarters |
Beijing, China |
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Register capital |
80 million RMB |
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Company website |
Company profile:
Pulead in Top 10 lithium iron phosphate materials companies is mainly engaged in the research and development, production, sales and service of lithium-ion battery materials, electric vehicle power battery packs, and energy storage battery packs. The R&D Institute under Pulead has carried out application technology development and industrialization of R&D results, and has developed lithium-ion battery cathode materials with independent intellectual property rights, such as lithium cobalt oxide, three elements and lithium iron phosphate.
Main products:
Lithium cobalt oxide, lithium iron phosphate and nickel-cobalt-manganese three elements
Related layout:
Pulead has been in the layout of lithium ion battery cathode materials for more than 20 years. Its lithium iron phosphate production bases are located in Tai'an and Xining, with a current production capacity of 20,000 tons. Its main customers include CATL, ATL, LISHEN, VWKEN, etc.
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