Top 20 lithium iron phosphate cathode material companies in China in 2022

LFP cathode materials are commonly used in lithium energy storage batteries

Benefiting from the innovation of battery structure, the market demand for lithium iron phosphate continued to expand in 2021. In the first half of 2021/2022, the sales volume of lithium iron phosphate battery increased by+244/+294% year on year.

Lithium iron phosphate cathode materials are commonly used in lithium energy storage batteries. Because the energy storage battery pays more attention to the economy, cycle life, safety and other factors of the battery cost, and has low requirements for the energy density and volume of the battery.

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With the development of the energy storage market in the future, the demand for lithium iron phosphate will also greatly increase. In 2021, the demand for lithium iron phosphate burst, and the shipment volume of lithium iron phosphate cathode companies were stimulated. In the first half of 2022, the shipment volume of lithium iron phosphate cathode materials in China was 770000 tons, an increase of 132.6% compared with that in 2021.

This article will introduce top 20 lithium iron phosphate cathode material companies in China in 2022. It should be noted that among these companies, Yuneng, Dynanonic, LBM(Lopal), RT High Tech, Wanrun, Gotion High Tech, Anda, Fulin SH, Terui and Pulead have been introduced in detail as top 10 lithium iron phosphate materials companies in China. So in this article, we will briefly cover the recent news of these companies.

Top 20 lithium iron phosphate cathode material companies in China in 2022

Yuneng

Recent news:

On October 10, 2022, Yuneng’s 80000 ton nanoscale lithium iron phosphate project was approved and accepted by Xiangtan Ecological Environment Bureau of Hunan Province, China. The project is located in Yuhu High tech Industrial Development Zone, Xiangtan City, Hunan Province, China. The total investment of the project is 1200 million RMB, including 5.46 million RMB for environmental protection, accounting for 0.455%.

Dynanonic

Recent news:

On the evening of October 11, 2022, Dynamonic disclosed its performance forecast. In the third quarter, the company expected to achieve a net profit of 510 million RMB to 560 million RMB, a year-on-year increase of 367.82% to 413.69%; In the first three quarters, the company is expected to achieve a net profit of 1.75 billion RMB to 1.85 billion RMB, a year-on-year increase of 616.86% – 657.83%. Dyanonic’s current capacity of lithium iron phosphate is 265000 tons/year. The company’s performance growth is mainly due to the high growth of the new energy vehicle market and energy storage market.

LBM

Recent news:

Last month, LB Group and LBM established a cooperative relationship. The two sides will establish a long-term and stable strategic cooperative relationship on the supply of iron phosphate and lithium iron phosphate products. They hope that through in-depth cooperation, they can enhance their competitiveness and market share in the market.

RT High Tech

Recent news:

RT High Tech realized an output value of 6.5 billion RMB of new energy battery cathode materials in the first eight months of 2022; In September, the third phase project was put into operation, with a production capacity of 140000 tons and an output value of 10 billion RMB at the end of the year.

Wanrun

Recent news:

On September 29, 2022, Wanrun successfully landed on the Science and Technology Innovation Board in Hubei, China. On the first day of listing, the company’s share price was up to 259.99 RMB, and the company’s market value reached 21.3 billion RMB. It is understood that Wanrun is the second highest IPO price of A-shares in history, and also the highest IPO price so far this year. After its listing, it became the highest priced stock in Hubei.

Gotion High Tech

Recent news:

Recently, Gotion High Tech released the performance forecast for the first three quarters of 2022. It is estimated that the company will achieve a net profit attributable to the parent company of 147-162 million RMB in the first three quarters of 2022, with a year-on-year growth of 116.68% – 138.56%; In 2022, Q3 Company is expected to achieve a net profit attributable to the parent of RMB 820 million to 97 million, with a year-on-year growth of 318.90% – 394.40%.

Anda

Recent news:

On October 10, 2022, the listing application of Anda in the North Stock Exchange was accepted successfully, and the core product of the company, ferric phosphate, was mainly used for self-produced lithium iron phosphate; Lithium iron phosphate is mainly used in the manufacture of power batteries and energy storage batteries, and ultimately used in the field of new energy vehicles and energy storage.

Fulin SH

Recent news:

On September 28, 2022, Fulin P.M., the parent company of Fulin SH, announced that the production capacity of 80000 tons of lithium iron phosphate in Phase II was officially put into operation, while the production capacity of 60000 tons in Phase I was fully realized.

So far, the annual capacity of Fulin SH lithium iron phosphate has exceeded 150000 tons, and it has both the process and production requirements of lithium iron phosphate and lithium manganese iron phosphate, which can meet the diversified needs of the market.

BYD

Established time: February 10, 1995
Location: Shenzhen, China

Company file:

BYD is a high-tech enterprise. Its business layout covers electronics, automobiles, new energy, rail transit and other fields, and it plays an important role in these fields. From energy acquisition, storage to application, BYD has built a zero emission new energy integrated solution in all aspects.

After more than 20 years of rapid development, more than 30 industrial parks have been established in the world, realizing the strategic layout of six continents in the world.

Main products:

Racking ninth in the top 20 lithium iron phosphate cathode material companies in China in 2022, the company’s products include lithium-ion batteries and other batteries, chargers, electronic products, instruments, flexible circuit boards, hardware products, liquid crystal displays, etc.

Recent news:

Recently, the monthly data of China’s power battery in September 2022 was released. Among the top 15 companies in China’s power battery loading in September, BYD ranked second with 22.44%.

Company website: http://www.byd.com/cn/index.html

Total market value: 822.98 billion RMB

Terui

Company file:

Terui is a high-tech enterprise in China. Since its establishment in 2007, the company has mainly engaged in the research, development, production and sales of new energy lithium battery cathode materials. The company’s main products include lithium iron phosphate, lithium nickel cobalt manganate, etc.

Shengfan Technology

Established time: April 9, 2019
Location: Inner Mongolia Autonomous Region of China

Company file:

Shengfan Technology belongs to the industry of special electronic materials. It is a professional new material supplier focusing on the research, development, production and sales of power type and energy storage type lithium battery cathode materials.

It is planned to produce 100000 tons of lithium iron phosphate cathode materials annually, which will be constructed in four phases, with a total investment of nearly 2 billion RMB. The company provides bulk supplies for China’s first tier battery manufacturers, including CATL, EVE, Ganfeng Lithium, BYD, etc. Some products are exported to LG in Korea.

Main products:

The company mainly produces lithium iron phosphate cathode material, a new lithium battery material, which is mainly used in electric vehicles, electric ships, wind and solar large-scale energy storage, export household energy storage, 5G base station energy storage, electric bicycles, special power supplies and other lithium ion batteries.

Company website: http://sfkjxny.com

Registered capital: 70 million RMB

Pulead

Company file:

Pulead racks twelfth in the top 20 lithium iron phosphate cathode material companies in China in 2022. It is mainly engaged in the R&D, production, sales and service of lithium-ion battery materials, electric vehicle power battery packs and energy storage battery packs. The research and development institute under the company has developed lithium cobalate, three elements, lithium iron phosphate and other products with independent intellectual property rights.

Fengyuan

Established time: August 23, 2000
Location: Shandong, China

Company file:

Fengyuan is one of the companies with mass production capacity of high nickel ternary materials in China. Its main business model is lithium battery cathode materials. Among them, the new energy lithium battery cathode material project will have a capacity of 140000 tons by the end of 2022, covering two mainstream products, lithium iron phosphate LFP and ternary material NCM, which will be used in power batteries, energy storage and digital fields.

At present, the company has a total capacity of 350000 tons of cathode materials, and it is estimated that the capacity of lithium iron phosphate will reach 125000 tons by the end of 2022. The company has supplied bulk goods to leading companies such as BYD and Great Power, one of the top 10 lithium energy storage battery manufacturers in China in 2022, and has set up three offices in Shenzhen, China, South Korea and Germany.

Main products:

The company’s main products include lithium cathode materials, which are widely used in new energy storage, electric energy storage, super capacitors and other fields.

Recent news:

Recently, Fengyuan announced that the net amount of funds raised by the company was 926 million RMB, which will be used for the production base project of lithium iron phosphate cathode materials with an annual output of 50000 tons of lithium batteries after deducting the issuance costs, as well as the project to supplement working capital.

Company website: http://www.fengRMBhuaxue.com

Total market value: 9.372 billion RMB

GHTECH

Established time: August 30, 1980
Location: Guangdong, China

Company file:

GHTECH is an advanced chemical service provider in China. The company is dominated by high-performance electronic chemicals, high-quality chemical reagents and special chemicals for production lines, new energy materials and the cascade utilization and recycling of retired power batteries, and provides customized development and technical services for other professional chemicals.

Racking fourteenth in the top 20 lithium iron phosphate cathode material companies in China in 2022, GHTECH at present has set up 7 offices in China. In addition, its products are exported to Europe, America, Japan, South Korea, Southeast Asia and other countries and regions.

Main products:

The products and technical services of GHTECH are widely used in electronic information, energy, automobile, medical health and other industries. New energy materials mainly include lithium electrical materials such as iron phosphate, lithium iron phosphate, lithium manganese iron phosphate, etc.

Company website: http://www.ghtech.com

Total market value: 7.462 billion RMB

Zhili Technology

Established time: July 14, 2015
Location: Jiangxi, China

Company file:

Zhili Technology is a high-tech enterprise in China. The company has invested 300 million RMB before and after to build a new production project with an annual output of 6000 tons of lithium ion secondary battery cathode material – lithium manganate, and a production project with an annual output of 10000 tons of lithium ion secondary battery cathode material – lithium iron phosphate.

After putting into production, it is estimated that the sales revenue will be 700 million RMB, and the profits and taxes will be 100 million RMB.

Main products:

The company mainly produces and sells lithium manganate and lithium iron phosphate as cathode materials of lithium ion secondary batteries. The products are used in electric vehicles, starting power supply, energy storage power supply, standby power supply and other fields.

Company website: http://www.chilith.com/chilith

Registered capital: 256.5 million RMB

Golden Energy

Established time: December 2, 2016
Location: Shandong, China

Company file:

Golden Energy is a leading enterprise of lithium battery materials for energy storage in China, mainly engaged in iron phosphate, lithium iron phosphate, lithium carbonate, lithium hexafluorophosphate, iron oxide slag and new power batteries.

The company uses ferrous sulfate, a by-product of the titanium dioxide plant, and industrial phosphoric acid from the sulfur and phosphorus industry as the main raw materials to produce iron phosphate and lithium iron phosphate.

Main products:

Anhydrous iron phosphate, nano power lithium iron phosphate, nano energy lithium iron phosphate, etc.

Company website: http://www.xindongnenglidian.com

Registered capital: 100 million RMB

STL ENERGY

Established time: February 8, 2007
Location: Tianjin, China

Company file:

STL ENERGY racks seventeenth in the top 20 lithium iron phosphate cathode material companies in China in 2022. As a high-tech enterprise, it is one of the companies specializing in the production of phosphate series lithium cathode materials worldwide. STL ENERGY takes the lead in realizing the large-scale industrialization of lithium iron phosphate in China.

The company plans to expand the production of phosphate materials to 10000 tons within three years, with an annual output value of 1 billion RMB.

Main products:

The company’s main products include phosphate cathode materials.

Company website: http://www.stl-energy.com.cn

Registered capital: 26.666667 million RMB

Sangrui New Material

Established time: November 4, 2021
Location: Hunan, China

Company file:

Sangrui New Material was established in November 4, 2021, with a registered capital of 100 million RMB. The company belongs to the electrical machinery and equipment manufacturing industry, and its business scope includes lithium ion battery manufacturing; Research and development of cathode materials; R&D of new material technology; Research on batteries and new energy, recycling and cascade utilization of waste power batteries of new energy vehicles; R&D of resource recycling technology, etc.

Registered capital: 100 million RMB

KTC

Established time: December 28, 2009
Location: Jiangxi, China

Company file:

KTC is a high-tech enterprise specializing in the research, development and production of new energy storage materials. The company produces lithium iron phosphate, a new cathode material for lithium ion batteries, which is widely used in electric vehicles, starting power supplies, energy storage power supplies, backup power supplies, electric tools and other fields.

Main products:

Lithium iron phosphate, lithium ferrous phosphate, lithium titanate, etc.

Company website: http://www.kinglitech.com

Registered capital: 138.667102 million RMB

Richpower

Established time: October 10, 2005
Location: Zhejiang, China

Company file:

Richpower racks twentieth in the top 20 lithium iron phosphate cathode material companies in China in 2022. It is a green energy manufacturing enterprise, integrating the research, development, production and sales of lithium ion battery electrode materials.

At present, the company has completed the development of low-cost water system oil processing lithium iron phosphate material project. The company has become the production base of low-cost water system and oil system processing lithium iron phosphate materials in China.

Main products:

The company’s products mainly include ternary cathode materials, lithium iron phosphate cathode materials, etc. The company’s products are mainly used in electric vehicles, energy storage, electric vehicles and other fields.

Company website: http://www.zj-richpower.com

Registered capital: 35.2 million RMB