Original title: The market demand is strong, the development of the lithium battery industry will enter the “highway”
The increase in demand for electric vehicles has led to an increase in orders for the lithium battery industry, and at the same time pushed up the price of lithium battery raw materials. Industry insiders predict that driven by the rapid growth in demand for energy storage and power batteries, the global demand for lithium batteries is expected to reach 1,400GWh in 2025.
Enterprise continues to reach full capacity
According to data from Baichuan Yingfu, as of July 1, the price of lithium hexafluorophosphate rose to 330,000 yuan/ton, and the price of lithium iron phosphate electrolyte rose to 84,000 yuan/ton. Baichuan Yingfu lithium battery industry analyst pointed out that the current lithium hexafluorophosphate companies mainly execute pre-orders, and the companies continue to be in full production.
Electrolyte is one of the main raw materials of lithium batteries, and lithium hexafluorophosphate is an important part of the electrolyte, accounting for about 40% of the total cost of the electrolyte. Vigorous market demand drives up the price of raw materials such as lithium hexafluorophosphate.
According to data released by the National Passenger Car Market Information Joint Conference on June 8, the wholesale sales of new energy passenger vehicles in May reached 196,000, a year-on-year increase of 174.2% and a month-on-month increase of 6.7%. According to the Association of Passengers, each market segment is going strong, and it forecasts that the sales of new energy passenger vehicles will increase to 2.4 million this year.
China Sea SecuritiesIt is pointed out that the global sales of electric vehicles are expected to exceed 16 million in 2025, the demand for lithium batteries is expected to reach 1,400GWh, and the corresponding demand for isolation membranes is 22.2 billion square meters.
Continuous expansion of production capacity
In order to meet the rapidly growing demand, upstream companies have recently continued to expand their production capacity.
According to incomplete statistics from the Battery Network, in the first half of 2021, the battery industry announced 123 investment projects, with a total investment of 573.45 billion yuan. The number of projects and the scale of investment have significantly exceeded the whole of 2020. In the first half of 2021, 36 projects in the battery industry started. Among them, 35 projects have announced their investment amounts, with a total investment of more than 261.3 billion yuan.
Defang NanoIt was stated on July 5 that Qujing Defang Nano Technology Co., Ltd. has an annual output of 40,000 tons of nano-lithium iron phosphate project. According to calculations, during the project operation period, it is estimated that the average annual operating income will be 442 million yuan, and the average annual after-tax profit will be 62,345,800 yuan.
Soochow SecuritiesSaid that the German nano products adopt a unique liquid phase method, which has low cost and high cycle life. From the cost of raw materials, the production of lithium iron phosphate per ton can be reduced by 3 million yuan. At the same time, the company’s self-made iron source reduces the cost of raw materials, and the high capacity utilization rate will further strengthen its cost advantage.
On the evening of June 23,Skyline sharesAn announcement was issued that Xintai Materials, a wholly-owned subsidiary of the company, and Xinhua Chemical, the company’s second largest shareholder, jointly invested in production projects of lithium hexafluorophosphate, battery electrolyte additives and other products, with a total investment of 600 million yuan. The project has an annual output of 10,000 tons of lithium hexafluorophosphate, an annual output of 76,000 tons of by-product hydrochloric acid, an annual output of 4,000 tons of potassium fluoroborate; an annual output of 500 tons of new battery electrolyte additives, and an annual output of 47,000 tons of fluoride salts.
Tianji shares stated that this investment project can make full use of Xinhua Chemical’s resources, combined with Xintai Materials’ production technology and process advantages in lithium hexafluorophosphate, expand the production capacity of lithium hexafluorophosphate, further increase the company’s market share of lithium hexafluorophosphate and other products, and increase the number of electrolyte additives. Supporting supply.
Beijing Capital Securities stated that the boom in the lithium battery market has driven rapid growth in demand for lithium hexafluorophosphate. The scale of the lithium hexafluorophosphate industry continues to expand, the production capacity is concentrated to the leading enterprises, and the concentration continues to increase.
The outstanding performance of listed companies
The sharp increase in market demand has boosted the outstanding performance of related listed companies.
Beterui expects to achieve a net profit of 700 million to 750 million yuan in the first half of this year, an increase of 218.61% to 241.37% over the same period of the previous year. Bettere said that downstream battery manufacturers have increased their productivity, and the market demand for battery materials has increased rapidly. The company’s sales of positive and negative materials have increased significantly, which has promoted a substantial year-on-year growth in the performance of the current period. In addition, in the first half of the year, the company sold 100% equity of Beiterui (Tianjin) Nano Material Manufacturing Co., Ltd. and Jiangsu Beiterui Nano Technology Co., Ltd., which increased the company’s net profit.
Azure Lithium CoreIt is expected that the net profit attributable to shareholders of listed companies will be 320 million to 350 million yuan from January to June, a year-on-year increase of 346.31% to 388.15%. Azure Lithium said that in the first half of 2021, the company’s business operations are in good condition. Among them, the lithium battery business is in a state of full production and sales, which is the largest source of contribution to the company’s profits.
Enjie sharesIt is estimated that the net profit attributable to shareholders of listed companies in the first half of the year will be between 1 billion yuan and 1.09 billion yuan, an increase of 211.15% to 239.15% over the same period in 2020. Enjie said that the substantial increase in performance in the first half of the year was mainly due to the continuous increase in the company’s wet-process lithium battery isolation membrane production capacity and the continuous consolidation of competitive advantages. At the same time, the company seized the business development opportunities of lithium battery isolation membranes and continued to explore domestic and overseas markets. The production and sales of wet-process lithium battery isolation membranes continued to grow steadily.
Dongguan Securities pointed out that from 2015 to 2019, the scale of the global lithium-ion battery industry continued to grow, with an average annual compound growth rate of 14.97%. With the boom of the new energy automobile industry, power battery shipments will continue to rise, and the lithium battery material industry will usher in a period of rapid growth.
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