Ganfeng Lithium Industry enters the field of solid-state batteries

Jiangxi Ganfeng Lithium Industry is one of the representative stocks in the lithium battery sector. Its market capitalization is only about half of Tianqi Lithium, but the recent turnover is the same as that of Tianqi Lithium. In the past 30 trading days, it was the most frequently surveyed company in Shanghai and shenzhen, reaching 206 times. Judging from the situation disclosed by the company, the product structure and resource structure of Ganfeng Lithium Industry are similar to those of Tianqi Lithium Industry.

The company is a Jiangxi enterprise, specializing in the research, development, production and sales of deep processing lithium products. The company's share price rose about three times from February to September 2017, and it was one of the strong stocks of the year. The company executives reduced their holdings through the secondary market bidding transaction in July last year. The stock price has now fallen back to a little more than half of its highest price. In this case, institutional researchers are flocking, why?

Yao Yao, the person in charge, said at the reception that the battery companies had to go to the large-scale destocking in the fourth quarter of last year to reduce the subsidy rate in the fourth quarter of last year, and generally reduced the procurement of upstream battery materials, causing the price of lithium carbonate to drop.

Ming Ouyang, vice president of the company, revealed that due to the explosive battery and low battery capacity, the company officially cut into the solid-state battery sector through the introduction of Dr. Xu from the Ningbo Materials Institute in 2017. The technology of the laboratory has made breakthroughs. It plans to invest 250 million Yuan to build a pilot production line with a scale of more than 10,000 watts. The power battery production line of 600GWh will focus on matching with solid-state batteries in the future, and cultivate the market and team building in the early stage.

Ming Ouyang said that Qifeng's upstream resources don't have enough resources in China, mainly abroad. At present, the most important mine is the Mt.Marion mine in Australia, which provides 400,000 tons of lithium concentrate per year to meet the company's resource needs. Mariana and Avalonia are the company's reserve resources. At present, it is shipped back to China for processing. The next step is not to exclude processing abroad, but the most important thing is to solve foreign financing channels.

The company's raw materials are divided into several categories; ore, brine, and recycled materials. The ore is 100% self-sufficient in 2017 and has some surplus. In 2018, the new production line was built, all self-sufficient and no foreign sales. The company's orders have been relatively stable and production is normal. Orders are still dominated by short orders, long orders are not many. The company will open a pricing meeting every month, and then sign a single order. The price is the market price.

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