TOP 10 Lithium Iron Phosphate Power Battery Manufacturers In China
By November 2021, the installed capacity of Lithium iron phosphate batteries in China has reached 64.8GWh, accounting for 50.5% of the overall proportion. Therefore, Lithium iron phosphate batteries have comprehensive surpassed ternary batteries in terms of production, sales and installation.
Popular star models such as BYD Han EV, Tesla Model3, Wuling hongguang MINIEV and xiaopeng P7 have been equipped with lithium iron phosphate batteries.
With the advantages of high safety performance and low cost, lithium iron phosphate batteries have made a strong comeback. In addition to new energy vehicles, it also has broad space in the fields of ships and energy storage. It is estimated that the global shipments of lithium iron phosphate batteries will reach 480.1GWh by 2025.
According to the data, The top 10 manufacturers with installed capacity of Lithium iron phosphate Power battery in China in 2021 are CATL, BYD, Gotion High-Tech, EVE, SVOLT, LISHEN, REPT, Great Power, Henan Lithium Power Source and ANC. Ten enterprises accounted for 98.7% of the total.
Top10 lithium iron phosphate power battery manufacturers
Company profile：CATL is one of the first Chinese power battery manufacturers with international competitiveness, and is the world’s largest lithium battery enterprise with the highest market value, focusing on the research and development, production and sales of new energy vehicle power battery system and energy storage system.
In only about ten years of development, the loading capacity of CATL power lithium battery not only accounted for half of the Chinese market, but also far ahead in the world, becoming the first Chinese manufacturer of lithium ion power battery to enter the supply chain of international top car companies.
CATL has cooperated with tesla, BMW, Mercedes Benz, Toyota, FAW-Volkswagen and other top enterprises, becoming the world’s leading power battery supplier. CATL has four research and development centers and six production bases, and this year it launched a highly anticipated sodium ion battery with high energy density.
CATL’s market share of iron lithium battery reaches 47.6%, of which about 60% are passenger cars, including Tesla Model3, Dongfeng fengshen E series, Hongguang MINI EV, Xiaopeng P7/P5/G3, BAIC EU series, Changan benben, European shield cat, SAIC roewe ei5, Nezha NO1/V, etc. Buses account for about 20%, mainly supporting Yutong, Jinlong, ZTO, CRRC, Jinlv, etc.; Special vehicles account for about 20%, and the main supporting customers include Yutong, Zoomlion, XCMG, SAIC Datong, Changan, Jiangling, Dongfeng, SAIC, etc.
In November 2021, CATL set up a unit in South Korea to supply batteries for Hyundai motor, including lithium iron phosphate batteries.
In addition to Hyundai Motor, CATL lithium iron phosphate batteries have also won orders from many international car companies. CATL will supply 42 kilowatt-hour lithium iron phosphate batteries for the U.S. commercial electric vehicle ELMS and ensure battery supply through 2025.
Tesla has reportedly ordered 45GWh lithium iron phosphate batteries from CATL for next 2022’s planned sales, mainly for Model 3 and Model Y vehicles. Tesla’s purchase of CATL’s lithium iron phosphate batteries has accounted for 19% of its total shipments, making it the largest customer.
CATL is also accelerating the layout of lithium iron phosphate materials. After the 32 billion RMB bonpu integrated battery project settled in Yichang, CATL invested in changzhou Liyuan, a lithium iron phosphate material company, on October 18.
Before that, CATL also invested in Hunan Yuneng and Jiangxi Shenghua, the Chinese lithium iron phosphate material head enterprises, and jointly invested with Germany Fang Nano to establish Qujinglin Iron. In January this year, CATL and DFNM invested and built an annual output of 80,000 tons of lithium iron phosphate project in Jiang ‘an County, Yibin City, Sichuan Province, with a total investment of about 1.8 billion yuan.
Aggregate market value: 1.258427 trillion
Company website: https://www.catl.com/
Company profile：BYD is a high-tech company devoted to technological innovations for a better life. After more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion.
The market share of BYD is 32.1%, of which about 90% are supporting passenger cars, including QIN, Han, E series, Tang, Song, Yuan and Dolphin of BYD, in addition to FAW Hongqi and FAW Pentium.
At present, the whole battery of BYD pure electric battery has been replaced with blade batteries, and the development of the second-generation blade battery technology is being accelerated. It is planned that the energy density can reach more than 180Wh/kg and the volume energy density can reach 300Wh/L by 2025.
Since this year, FAW red Flag E-QM5 is equipped with blade batteries, changan a pure electric model, as well as Jin Kang and BAIC two models are also equipped with blade batteries. In addition, tesla, Ford, Volkswagen, Daimler, Hyundai and other international car companies are also in contact.
Toyota is reportedly planning to launch a small all-electric car by the end of next year, focused on the Chinese market, equipped with blade batteries developed by BYD.
In terms of production capacity, BYD will expand its Chongqing base in 2021, build new bases in Changsha, Guiyang, Bengbu, Changchun, Jinan and other Chinese cities, and convert the original capacity of batteries in Qinghai province to blade batteries with successful switching rate.
Aggregate market value: 717.597 billion
Company website: https://www.byd.com
Company profile：Hefei Gotion High-tech Power Energy Co., LTD. (hereinafter referred to as “Hefei Guoxuan”) is a wholly-owned subsidiary of Guoxuan High-tech.The company is one of the earliest enterprises engaged in the independent research and development, production and sales of lithium-ion batteries for new energy vehicles in China, specializing in the research and development, production and operation of new lithium-ion batteries and their materials, with core technology intellectual property rights.
Products are widely used in pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid electric vehicles and other new energy vehicles, and a number of major domestic new energy vehicle enterprises to establish long-term strategic cooperation.
The market share of Gotion high-tech is 11.5%, of which about 80% are supporting passenger vehicles, including Hongguang MINI EV, JAC iEV series, Chery eQ series, JAC Sihao, Chang ‘an Benbens, Chang ‘an Auchan, zero run T03, BAIC EC/EU series, Yujie Punk and other models.
At the beginning of this year, Xu Xingwu, executive vice president of Gotion High-tech General Institute of Industry and Research, said that the energy density of 210Wh/kg of lithium iron phosphate battery will be achieved before the end of the year, according to the introduction, the battery product is soft pack cell, size 354*102*11.8, 0.33C cell capacity 55Ah, Voltage platform 3.2V, cell weight 830g.
At present, the energy density of Gotion High-Tech cell has exceeded 210Wh/kg, and the energy density of the system has reached 160Wh/kg. At the same time, the company also has the ability of structural innovation and material innovation in technological reserve. It deeply digs the technological potential of lithium iron phosphate, and develops innovative structural schemes such as large cylinder type and JTM. Keep opening the upper limit of lithium iron phosphate application.
Vw plans to mass-produce a “standard cell” in 2023 that is 50 per cent cheaper than its current cost, with lithium iron phosphate batteries in the entry-level model. At present, Volkswagen has officially become the major shareholder of Guoxuan, and Gotion High-tech is expected to become the main supplier of Volkswagen’s lithium iron phosphate batteries in the future.
In terms of capacity, by the end of 2020, the company has a total capacity of 28GWh of power batteries, including 23GWh of lithium iron phosphate power batteries. This year, 18GWh production capacity will be added. With the upgrading of old production lines, the production capacity can reach 50GWh by the end of the year, about 100GWh by the end of next year, and 300GWh by the end of 2025. Production capacity base includes Hefei headquarters, Hefei Economic development Zone, Lujiang, Nanjing, Qingdao, Tangshan, Nantong, Liuzhou, etc.
Aggregate market value: 75.195billion
Company website: https://www.gotion.com.cn
Company profile：EVE Energy Co., Ltd.has become a global competitive high-quality lithium battery platform company, possessing core technologies and comprehensive solutions for consumer batteries and power batteries. Products are widely used in the field of IoT and the Energy Internet.
EVE’s market share is 1.9%, ranking the fourth, and in the passenger car field is supporing Kevo entrepreneurs. Special vehicle support accounts for about half, customers include Nanjing Golden Long, Geely Sichuan Commercial vehicles, Dongfeng Motor and so on.
At present, EVE lithium iron phosphate battery mainly supplies buses, buses and other commercial vehicles, and has formed solid cooperation with customers such as Nanjing Golden Long, Geely and Dongfeng. In the recommended directory for the 1st to 8th batches of new energy vehicles this year, EVE has a total of 187 supporting models. Except for a three-yuan lithium battery for United New Energy, the other 186 models are all lithium iron phosphate batteries.
The main products of the company can achieve ≥ 180Wh /kg power lithium iron phosphate battery, which has been widely used in the bus, logistics vehicle and passenger car market.
In terms of production capacity, EVE greatly expanded the production capacity of lithium iron phosphate batteries this year. In February and March this year, Eva expanded the production capacity of square lithium iron batteries for vehicles twice.
On November 5, the company plans to invest 6.2 billion yuan to build a 20GWh large cylindrical battery project for passenger cars and a 16GWh square lithium iron phosphate battery project in Jingmen. On November 12, the company’s 14GWh iron lithium battery capacity was put into production. On November 29, the 50GWh lithium iron phosphate battery project was signed and landed in Chengdu.
Aggregate market value: 200.057 billion
Company website: https://www.evebattery.com/
Company profile：SVOLT Energy Technology was the formerly Battery Business Unit of Great Wall Motor. SVOLT is committed to spearheading innovation in the manufacturing and R&D of the next-generation of battery materials, cells, modules, systems, BMS and energy storage systems. The company has about 3100 employees, including 1400 R&D engineers. It will have invested 26 billion yuan in global planning for plant construction by 2025.
SVOLT ranks fifth with a 1.6% market share, and its supporting models are all passenger cars, including the Great Wall Ola Cat and so on.
Currently, SVOLT’s first-generation L600 short-blade lithium iron phosphate battery has been formally mass-produced, with a single capacity of 184Ah, an energy density of 175Wh/kg, a quick charge of 0-80%SOC, a charging time of less than 45 minutes, and a single cell cycle of more than 4000 times, which can be compatible with nearly 80% of the mainstream electric vehicle development platforms from A0 to D.
SVOLT’s second-generation L600 short blade lithium iron Phosphate has been developed and is expected to reach mass production in Q3 2022. The specification of the second generation of short blade lithium iron phosphate cell is the same as that of the first generation, but the single capacity is increased to 196Ah, the energy density exceeds 185Wh /kg, and the volume energy density exceeds 430Wh /L, which belongs to the leading level in the industry.
Based on the cell, the driving range of 550km for Class A models can be achieved, and 1.6C fast charging can be realized under high energy density, which can meet the charge of more than 80% in 30min.
Company website: https://www.svolt.cn/
Company profile：Tianjin Lishen Battery Joint-Stock Co., Ltd. (Lishen Battery) is a high-tech enterprise controlled by state-owned company and private shareholders, with registered capital of USD 272 million. So far Lishen Battery has grown its annual production capacity up to 10GWh and has maintained the major market share among the global lithium-ion battery industry for years.With the prospering power battery industry, Lishen Battery has established production bases in Beijing, Qingdao, Suzhou, Wuhan, Shenzhen and Mianyang to ensure the sustainable development.
LISHEN ranks 6th with a market share of 1.3%, of which about 8 are special vehicles. Supporting customers include BeiQI Foton, FAW Jiefang Qingdao, Shaanxi Automobile, Dongfeng, etc. The passenger car field is mainly supported by JAC Sihao, JAC iEV series, Baojun E series and other models.
Company website: http://www.lishen.com.cn
Company profile：REPT Energy Co., Ltd. is one of companies invested by Tsingshan Industry (one of the Fortune Global 500 companies) in the sector of new energy by combining its own rich mineral resources in the world. REPT Energy is mainly engaged in the research, development, production and sales, from cells to system applications of power and energy storage lithium-ion battery, focusing on providing high-quality solutions for new energy vehicle power and smart energy storage system. With a registered capital of 300 million yuan, the company has now established two major bases, namely the Wenzhou Manufacturing Base and the Shanghai R&D Center.
REPT has a market share of 1.2%, ranking 7th. Most of its vehicles are passenger cars, including Baojun E series, Lingbao BOX, Dongfeng Fengshen and other models.
Company website: http://www.chinarept.com
Company profile：Great Power (listed on Shenzhen Growth Enterprise Market) was founded with 420 million (RMB) registered capital. Great Power has now fully entered the fields of new energy vehicle power battery system and associated AC & DC charging pile, household energy storage system, large scale on/off-grid energy storage system, and battery raw material recycling.
Great Power has a market share of 0.7%, ranking eighth. Its main supporting models include Baojun E series, Lingbao BOX, Wuling Rongguang EV, etc.
Aggregate market value: 17.617billion
Company website: https://www.greatpower-battery.net/
Henan Lithium Power Source
Company profile：Henan Lithium Power Source Co. Ltd. is a wholly owned subsidiary of GD Group and located in the National Industry Park (Xinxiang) of Electrochemical and Physical Power Sources.With over a decade’s R&D efforts, Lithium Power Source has become a leading renewable energy company with significant know-how and IP about lithium-ion batteries and materials.
To enhance technology leadership and assure product quality, Lithium Power Source has entered strategic partnership with the New Energies Research Institute of the China Academy of Sciences, Henan Province Engineering and Research Center of Traction Power Sources and Materials, and a number of research universities.
It is capable to mass produce prismatic and pouch lithium-ion batteries of different chemistries. Its products have been used by customers in electric bikes, electric motorcycles, electric vehicles, UPS, energy storage systems, consumer electronics, and etc.
The market share of Henan Lithium Power Source is 0.4%, ranked the 9th, main supporting models include Dongfeng Junfeng EV series, Fukang Elysee, etc.
Location: Xinxiang, Henan
Company website: http://www.greenbatt.cn/
Company profile：Jiangxi Anchi New Energy Technology Co.,Ltd (ANC). is mainly involved in a new energy power battery project with annual output of 1 billion Ah, with a planned total investment of 3 billion CNY. It is expected to achieve the output value of 4 billion CNY and the profits and taxes of 500 million RMB when production reaches its designed capacity.
To provide community with global leading clean energy system solutions; focus on the R&D, production and sales of power batteries.
ANC has a market share of 0.3%, ranking 10th, mainly supporting changan Auchan, Dongfeng Junfeng EV series, Changan Star and other models.
Aggregate market value: 717.597 billion
Location： Shangrao, Jiangxi
Company website: http://www.anchitech.com/
In the end, If you want to get to know more power battery manufacturers around the world, you can read “Top 10 power battery companies in the world in 2021“; or you can know more Lithium ion battery Manufacturers from ariticle “Top 100 Lithium ion battery Manufacturers in china“. And if you find these articles are useful you can also go through other articles in our best list te get more information you need.