China Li-ion Battery E-News 1504 (12 issues per year)

Date: 2015-05

“In April 2015, CCM found that a strong upturn was showed in the battery-grade lithium carbonate market, mainly because of the stable and strong downstream demand and the decreased supply. In March, Chile, a major supplier for lithium resources in the globe, suffered from flood, which then led to the setbacks in the circulation of lithium resources and the deconstruction of related exploitation devices. SQM, the largest lithium carbonate producer in the world announced the business suspension in northern Chile, so as to avoid the damages brought by the rainstorms and following flood.

In addition, technology for ternary materials, such as NCM and NCA began to capture attention in downstream EV market. This is a threat to the LFP technology which has played a dominant role in the market for years.

As the alternative energy vehicle industry gradually strengthens the demand for performance improvement, like increases in driving range and decreases in charge frequency, the mainstream LFP power battery is disadvantaged for its backward performance. Meanwhile, the energy density of LFP power battery cannot reach the standards specified by the Chinese government in the index requirements released in February 2015.

By contrast, power Li-ion battery based on ternary materials has higher energy density. This enables it to meet the state-level requirements and to equip vehicle with longer driving range. Hence, it begins to be widely accepted by downstream markets.

According to CCM research, altogether 103 alternative energy vehicles were exhibited at the 16th Shanghai International Automobile Industry Exhibition held on 22 April, 2015, 7.70% of the total vehicles exhibited. Of this, most of the China-made ones were found to be installed with ternary power Li-ion battery instead of LFP power battery.”

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