Competition of domestic positive electrode materials is getting more and more attention for high nickel three yuan positive electrode materials

As the core material of power battery, the competition of positive electrode materials in China is becoming increasingly heated. Among them, the high nickel ternary positive electrode material has received more and more attention.

On May 28, Dangsheng Technology announced that it plans to invest 3 billion yuan in the construction of the first phase of 50,000 tons/year of positive material production capacity. When the company has 16,000 tons of capacity per year, it has 18,000 tons of capacity under construction. If the first phase of an annual output of 50,000 tons of projects progress smoothly, when the production capacity of positive materials will double, this will undoubtedly increase the competition in the domestic market for positive materials. When the company's chief secret office staff told reporters, the above projects are mainly NCM811 high nickel ternary positive materials.

In fact, with the continuous improvement of the energy density requirements of the policy, high-nickel ternary batteries have become the most important development direction. Positive materials, including Dangsheng Technology, are expanding their production capacity, and raw material manufacturers such as Huayu Cobalt have also entered this field with the intention of making a contribution.

Plan to increase production capacity by 100,000 tons

The domestic cathode material has entered the expansion stage again.

On May 28th, when the company announced the technology, the company signed a cooperation agreement with the Jincheng Science and Technology Industrial Park Management Committee in Jintan District, Changzhou City, Jiangsu Province. It plans to cooperate in the construction of a lithium electric new material industrial base in Jintan Jincheng Science and Technology Industrial Park. The first phase of the project is planned. The annual production capacity is 50,000 tons, and the planned to invest 3 billion yuan in three phases. The overall plan of the project is about 1,600 acres of land, and it plans to build an annual output of 100,000 tons of lithium electric and new materials industrial bases, which are specifically divided into project industry pilot base land, research and office land, and industrial development base land.

When the production capacity of Li-positive materials in the next technology is about 16,000 tons, it has basically achieved full capacity production. The company believes that although it has started the construction of Jiangsu Dangsheng Phase III project, the scale of new production capacity still can not fully meet the needs of the future market. When the third phase of the project reached capacity of 18,000 tons.

In order to succeed in this cooperation, in addition to various supporting measures, the Jincheng Science and Technology Industry Park Management Committee promised not to introduce lithium cathode materials companies other than Dangsheng Technology, and not to invest in lithium cathode materials companies other than Dangsheng Technology. Do not appoint directors, supervisors and senior managers to the competitors and related parties of Dangsheng Technology.

This cooperation is also an opportunity for Dangsheng Technology. According to the announcement of Dangsheng Technology, Jintan and its surrounding areas have introduced a large number of leading companies in the domestic new energy automotive industry chain including Beiqi New Energy, Zhongtai Automobile, CATL, China Airlines Lithium, and Penghui Energy. Many of these companies are The company's existing customers. This cooperation will help the company and related customers further strengthen business cooperation, reduce operating costs and enhance the company's market competitiveness.

Since last year, benefiting from the development of the new energy automotive industry, positive materials have contributed a lot to Dangsheng Technology. Last year, when the company achieved revenue of 2.16 billion yuan, up 61.70 % year-on-year, the net profit attributed to shareholders of listed companies was 250 million yuan, up 151.97 % year-on-year. Among them, the gross profit rate of lithium electric materials and other business was 14.58 %, an increase of 1.56 percentage points year-on-year. In the first quarter of this year, revenue and net profits attributable to shareholders in listed companies were still up about 100 % year-on-year.

When the company's secret office staff said that the company is currently mainly power battery positive materials, as the product structure improves, the future gross profit rate will steadily increase.

Low end capacity is overcapacity

In fact, not only when the company is promoted, but also the main listed companies of positive materials in China have announced plans to expand production. In January this year, Sugiyama Energy, a subsidiary of Sugiyama Holdings, launched an annual production of 100,000 tons of positive materials in Changsha. Xiamen tungsten industry announced in April that its company plans to invest 3.7 billion yuan in the construction of projects including positive materials.

Positive material's profit level increases, not only positive material manufacturers expand production, companies outside the industry also want to enter the spoon. According to the reporter's incomplete combing, in the past two years, color guest chemistry has entered the field of ternary positive materials from lithium iron phosphate, and Han Rui cobalt industry has entered the high performance nickel cobalt manganese ternary material precursor from upstream cobalt industry. Huayu Cobalt, which also focuses on cobalt, cooperates with LG Chemical of South Korea to penetrate the lithium battery cathode material industry.

In the power cell field, the current mainstream positive materials on the market include lithium cobalt phosphate, lithium nickel cobalt manganese acid, lithium nickel cobalt aluminate, lithium iron phosphate and lithium manganese acid. Compared with other materials, ternary materials have become the main direction of electric vehicle manufacturers because of their obvious advantages such as energy density, cost, safety, and stability.

As the core material of lithium batteries, because of the increase in the price of cobalt, lithium and other metals, the average purchase price of cathode materials has increased year by year. When the company's technology staff said that the price of positive materials is mainly affected by raw materials-raw materials prices, positive materials will also increase prices.

Positive material has become a "hot spot" for a time. However, the market is also worried that there will be excess production capacity of positive materials. Moke, chief analyst of real lithium research, told reporters that the low-end production capacity of positive materials is now excess and may become more excess after expansion, but high-end products such as NCM811 are still in short supply.

However, Merko believes that there may not be much room for future prices of positive materials. NCM811 has begun to replace NCM523, and the price of NCM811 materials will fall rapidly in the future. Although the rapid increase in the output of electric vehicles will increase the demand for positive materials, especially three positive materials, on the other hand, the use of cobalt in high nickel ternary materials represented by NCM811 will decrease. If the two offset each other, the price of positive materials will not increase. Large.

The page contains the contents of the machine translation.