Ganfeng lithium industry layout lithium battery industry chain betting solid lithium battery

The dual-points policy is about to be implemented, the ban on the sale of fuel vehicles is on the agenda, and the development of new energy vehicles is listed as the top-level policy of the national industrial planning. The power lithium battery industry has seen the country’s firm determination to develop new energy, and also brings significant historical opportunities to related industries and companies.

Jiangxi Ganfeng Lithium Industry Co., Ltd. is an internationally renowned enterprise specializing in R&D, production and sales of new lithium battery materials. After more than ten years of rapid development, it has become the leading enterprise in China's deep processing lithium products industry and the largest metal in the world lithium production supplier. As the first listed company in China's lithium industry, Ganfeng Lithium's share price has risen nearly ten times in two years. This year's annual growth rate reached 133%, and the market value exceeded 50 billion Yuan. The continued surge in the share price of Ganfeng Lithium Industry and its overall strategic thinking - opening up the entire industry chain of the upper, middle and lower reaches are inseparable.

Layout lithium battery industry chain

It is understood that the company was only a lithium metal processing plant at the beginning of its establishment. It is a pure lithium product processing plant. It is gradually developing into a lithium-based resource for upstream control, a large lithium salt industry in the middle reaches, and a lithium battery and lithium battery recycling in the downstream. Enterprises in the field of the entire industry chain layout.

Upstream control of lithium resources

In recent years, in order to realize the plan of arranging the entire industrial chain, Ganfeng Lithium has been active in the control of upstream lithium resources, and has been deployed in various forms such as acquisition, underwriting and equity participation in countries with rich lithium resources such as Australia, Argentina and Canada. Take control of lithium resources.

At the beginning of 2017, Ganfeng Lithium acquired 19.9% of the lithium in the Americas in Canada for US$49 million. It is expected to obtain 80% of the underwriting rights of the Americas Lithium; 80% of the Mariana brine in Argentina, planned for 4 years-5 The development was completed in the year; the 51% stake in the Black stairs spodumene mine was acquired in Ireland, and the exploration and development progress was accelerating; in Australia, it acquired 43.1% of RIM and became its largest shareholder.

Whether it is holding, or acquiring shares to obtain underwriting rights, or directly making acquisitions, the ultimate goal of Ganfeng Lithium is to control the lithium resources and lay the upstream of the lithium battery industry chain.

The scale of the lithium salt industry in the middle reaches

In the development of the lithium salt industry in the middle reaches, Ganfeng Lithium plans to top the industry's production capacity in 2-3 years. At present, Ganfeng Lithium has built a 25,000-ton lithium salt production line, and several lithium salt production lines are in preparation for construction, commissioning or production. For example, the 15,000-ton battery-grade lithium carbonate production line that has been put into operation in June, the 20,000-ton battery-grade lithium hydroxide production line that is expected to be put into operation in early 2018, and the 175,000-ton lithium carbonate production line in preparation for the construction of Ningdu Ganfeng Plant are expected to be completed by the end of 2018.

Despite the current expansion of production, the expansion of overweight capacity has led to increased competition and accelerated industry reshuffle. However, for Ganfeng Lithium Industry, it is more conducive to the layout of lithium battery industry chain in the industry competition and expands the scale of lithium salt industry.

Downstream into the field of lithium battery and lithium battery recycling

In the downstream, Ganfeng Lithium entered the lithium battery industry, invested 600 million Yuan to set up a lithium-power battery group, and built the first fully automated production line of high-capacity lithium-ion power batteries in Jiangxi Province. After the project is put into production, the estimated annual output value is about 1.5 billion Yuan. Ganfeng Lithium Industry has built a production line and entered the lithium battery industry. It has integrated the upstream lithium resources, midstream lithium salt products and downstream lithium battery materials industry chain, saving the intermediary procurement links and maximizing profits, highlighting the advantages of the entire industry chain.

At the same time, in the downstream, Ganfeng Lithium is far-sighted, aiming at the lithium battery recycling field and creating a new profit growth point.

New energy vehicles began mass production two or three years ago. It is expected that a large number of used batteries will be eliminated in 2018 and 2019. Although the current total recycling value is not high, with the rapid growth of the rear car battery, the recycling volume may reach tens of billions, and the market space is huge. In addition, since the company was founded in 2000, Ganfeng Lithium is synchronizing the recycling of lithium-containing waste. There is a big technical advantage. The technical advantages are obvious and the market potential is huge. The company is aiming at the lithium battery recycling field. In the future, lithium battery recycling will become the company's new profit growth point.

Betting solid lithium battery

GanFeng invested heavily in the distribution of lithium batteries throughout the industrial chain, and also bet on solid lithium batteries. It is understood that in the first half of this year, Ganfeng Lithium introduced experts such as Xiao Xu, the head of the new energy solid-state lithium-ion energy storage battery of the Ministry of Science and Technology, to design and develop a solid lithium battery production line.

On December 5, 2017, Ganfeng Lithium announced that the company plans to set up a wholly-owned subsidiary, Zhejiang Feng Li, to invest in the first-generation solid-state lithium battery R&D pilot production line with its own funds of no more than 250 million Yuan. According to the announcement, the construction period of the project will be 2 years, and a first-generation solid-state lithium battery R&D pilot production line with an annual output of 10,000 watts will be built to promote the promotion and market launch of the first generation of products in new energy vehicle users.

With a long history of metal lithium production, Ganfeng Lithium is one of the world's largest producers of lithium metal, and is expected to seize the opportunity in the growth of demand for lithium metal from the promotion of solid-state lithium batteries. This bet solid-state lithium battery and investment in the construction of the first-generation solid-state lithium battery R&D pilot production line will accelerate the technological R&D and industrialization process of the new high-safety solid-state power lithium battery of Ganfeng Lithium Industry, and promote the optimization of its lithium industry chain structure. Upgrade to enhance core competitiveness.

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