Top 10 LFP cathode material manufacturers in China in 2022

Top 10 LFP cathode material manufacturers

1.Yuneng

Company profile:
Yuneng ranks first in top 10 LFP cathode material manufacturers in China in 2022 H1. The annual production capacity of LEP reaches 140,000 tons and is expected to reach 500,000 tons within two years.

The latest news shows that on June 29, the first phase of the Yunnan base project planned by Yuneng (with an annual output of 500,000 tons of iron phosphate and 500,000 tons of lithium iron phosphate) was officially completed and put into operation, production capacity of 300,000 tons of iron phosphate and 100,000 tons of LEP has been formed.

Registered capital: 567.93987 million RMB

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

2.Dynanonic

Company profile:
Dynanonic’s main products are phosphate cathode materials, such as nano-lithium iron phosphate, and the upstream is mainly lithium ore and other raw materials. At present, the production capacity of lithium iron phosphate is 265,000 tons/year, and there is no need to purchase iron phosphate. It is expected that the production capacity of lithium iron phosphate will reach 335,000 tons/year by the end of this year. Ranks second in top 10 LFP cathode material manufacturers in China.

Registered capital: 89.226682 million RMB

Company website: www.dynanonic.com

3.LOPAL

Company profile:
LOPAL as one of top 10 LFP cathode material manufacturers, clients listed in 2017 include listed companies such as solid state battery company CATL. In terms of performance, the company expects that the net profit in the first half of the year will reach RMB 425 million to RMB 439 million, a year-on-year increase of 190.54% to 200.42%;

In terms of production capacity, we completed the first phase of production capacity construction in the first quarter of this year, adding 25,000 tons of production capacity. As of May, LEP production capacity was about 85,000 t/y and is expected to reach about 197,500 t/y in the second half of the year.

Total market value: 17.325 billion RMB

Company website: https://www.lopal.cn/

4.RONGTONG

Company profile:
It is expected that the RONGTONG high-tech production capacity will be expanded to 105,000 tons by the end of 2021, and the LiFePO4 production capacity will be expanded to 300,000 tons in 2022.

The latest news shows that RONGTONG high-tech recently completed the D round of financing of more than 5 billion RMB. From 2021 to June 2022, four rounds of equity financing have been completed, with a financing scale of nearly 9 billion RMB. And now become one of one of top 10 LFP cathode material manufacturers.

Registered capital: 1330.146876 million RMB

Company website: http://www.rthitech-mat.com

5.Wanrun

Company profile:

As a member of the one of top 10 LFP cathode material manufacturers, Wanrun New Energy successfully passed the IPO on the Science and Technology Innovation Board on June 13, and will be officially listed within this year. There are CATL, BYD, EVE and other customers.

In terms of production capacity, as of 2021, the production capacity of LiFePO4/iron phosphate is 428/41,000 tons respectively, the production capacity of lithium iron phosphate is expected to reach 175,000 tons by the end of this year, and the total production capacity in 2024 will reach 450,000 tons.

Registered capital: 63.911383 million RMB

Company website: www.hbwanrun.com

6.Anda

Company profile:
Anda in top 10 LFP cathode material manufacturers was established in August 1996 with a registered capital of 421 million RMB. The company is headquartered in Guizhou Province, China, and currently has three companies.The company integrates the R&D, manufacturing and operation of iron phosphate, LiFePO4 and lithium-ion batteries, which are mainly used in new energy vehicle power batteries.

In April 2021, the 50,000-ton/year LFP and supporting facilities project was launched in the China Economic Development Zone. At present, the LFP plant and equipment have been installed.In addition, the iron phosphate precursor production line supporting 60,000 tons/year has been completed by 30%, and various constructions are being carried out in a safe and orderly manner. By the end of 2021, Anda has a production capacity of 40,000 tons of lifepo4 material. In addition, there are plans to build a capacity of 50,000 tons of LFP in Kaiyang, China, which can be put into operation this year.

In early April this year, the construction of the 30,000-ton/year LiFe production line was completed, and it entered the trial production stage. It is expected to achieve full production and sales of all production lines by August this year.

Registered capital: 421.586 million RMB

Company website: www.adkjny.com

7.Shenghua

Shenghua is a subsidiary of the listed company Fulin, a high-tech enterprise engaged in R&D, production and sales of cathode materials for lithium batteries. The main products are LFP and nickel-cobalt-manganese composite oxides (ie, ternary materials), which are widely used in electric vehicle batteries, communication base station energy storage batteries, etc.

In 2021, it will cooperate with CATL to jointly mass produce 50,000 tons of 10P third-generation high-density lithium iron phosphate products. Currently, Shunhua has two production and R&D bases. Production capacity of 65,000 tons of LFP.

Major customers include CATL, BYD, etc. In terms of production capacity, the current annual production capacity of lifepo4 is 62,000 tons, and the capacity under construction is 60,000 tons. After completion, it will have an annual production capacity of 122,000 tons.

Registered capital: 820 million RMB

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

8.Gotion High-tech

Company profile:
One of top10 lithium iron phosphate power battery manufacturers, Gotion High-tech was established in May 2006 and went public in May 2015. It is one of the earliest companies in China engaged in independent research and development, manufacturing and sales of lithium-ion batteries for new energy vehicles. The main products include LiFe materials and battery cells, ternary materials and cells, power battery packs, battery management systems, energy storage battery packs,widely used in electric passenger cars, commercial vehicles, special vehicles, light vehicles and other new energy vehicles.

At the same time, it provides system solutions such as energy storage power stations and communication base stations.In the field of LFP materials, Gotion High-tech has a production capacity of 50,000 tons. It is expected that the annual production capacity of LiFePO4 materials of 200,000 tons will be gradually released in the second half of this year.At present, LFP of 320-360wh/kg has been achieved, and it will reach more than 400wh/kg after 2026.

In the first quarter of this year, Gotion High-tech’s installed capacity of lifepo4 batteries reached 2.26 GWh, with a market share of 7.6%. At present, Gotion High-tech’s LiFe materials are mainly produced by the company itself. In the first quarter of this year, Gotion High-tech produced 8,800 tons of LFP materials and shipped 8,000 tons.

Total market value: 61.425 billion RMB

Company website: https://www.gotion.com.cn/

9.Terui

Terui as a member of the one of top 10 LFP cathode material manufacturers, was established in March 2007, engaged in the R&D, production and sales of LFP, and has a mature LiFe manufacturing process.

The main product models include XC116, XC666, TR100 and TR200. Establish cooperative relationships with large lithium battery manufacturers such as CATL, of which sales to CATL will account for more than 50% in 2021; the existing production capacity is 25,000 tons, and the second phase of 40,000 tons is under construction. A third phase of 40,000 tonnes is planned.

Registered capital: 111.9979 million RMB

Company website: http://www.cqterui.cn/

10.PULEAD

PULEAD is a high-tech enterprise engaged in R&D, production, sales and service of cathode materials for lithium-ion batteries, electric vehicles and energy storage battery packs. Cathode material products include lithium cobalt oxide, LiFe, ternary materials, etc. Major customers include CATL, ATL and Lishen.

The production bases of lithium iron phosphate are located in Taian and Xining, with a current production capacity of 20,000 tons. In March 2021, the project with an annual output of 160,000 tons of cathode materials for high-energy density lithium batteries will be launched in Xining. The total investment is 3 billion RMB, and it is expected to be put into operation in the first half of 2022.

Registered capital: 80 million RMB

Company website: http://www.pulead.com.cn/