Author | Jia Weizhong
Source | Car selection network
In the last column, we talked about the China Automobile Association's forecast: new energy vehicles will sell 5 million units in 2022. Some professionals believe: "Among them, A00-class pure electric vehicle sales or will account for half." "Behind this releases an important signal that the market demand for lithium iron phosphate batteries will rise sharply." The company introduced today, the rise in stock prices at the end of 2021 is also related to lithium iron phosphate, which is a long-term lithium family.
Long-term Lithium, whose stock price has been declining all the way since the end of November, jumped higher on the last trading day of 2021, closing at 23.44 yuan on December 31, up 2.63%. This is the company's stock price after 22 consecutive trading days of lows, finally standing above the 10-day moving average.
Why did the stock price of the long-term lithium family suddenly explode at the end of the year after a month of silence? This should be related to the announcement issued by the company on the evening of December 30. The announcement shows: "Long-term Lithium's wholly-owned subsidiary intends to invest in the construction of a project with an annual output of 60,000 tons of lithium iron phosphate cathode materials, with a total investment of about 2.088 billion yuan." ”
What kind of enterprise is the long-term lithium company, and why does its announcement have such a great power? According to media reports: "Long-term lithium has three production bases of Lugu base, tongguan base and high-tech base, with 30,000 tons of cathode materials and 20,000 tons of precursor production capacity, and the company's ternary cathode material products have entered the supplier system of mainstream lithium battery manufacturers such as Ningde era, BYD, Yiwei lithium energy, and Sunwoda." ”
The announcement of Long-term Lithium Company shows: "In order to further consolidate and enhance the company's market position, enhance the company's market competitiveness, maximize the benefits of the enterprise and diversify the layout, on the basis of the existing ternary cathode materials and lithium cobalt oxide cathode materials business, expand the lithium iron phosphate cathode material business." ”
Obviously, long-term lithium is a production enterprise mainly engaged in ternary cathode materials, and issued an announcement to cut into the lithium iron phosphate battery track, which belongs to the diversified operation of the business, which should be an important reason for the company's stock price to rise at the end of last year.
Overall, in recent years, ternary lithium batteries and lithium iron phosphate batteries have shown a process of trade-off in the market. From 2021 alone, the loading rate of lithium iron phosphate batteries has exceeded that of ternary lithium batteries.
On October 27, 2021, Daimler Group CEO Conlinson said: "In order to curb the surge in the price of certain metals in the entry-level models, Mercedes-Benz will use lithium iron phosphate batteries in entry-level models, and from 2024 onwards, the next generation of models will use lithium iron phosphate batteries. Previously, Tesla said at the investor conference: "For the standard endurance version of the Model 3 and Model Y, the world will switch to lithium iron phosphate batteries." ”
The rise in demand from OEMs has led to an increase in the price of lithium iron phosphate batteries. According to statistics, the price of lithium iron phosphate in January 2021 is 37,000 yuan / ton, as of December 27, the price is 99,000 yuan / ton, the price per ton has risen by 62,000 yuan, and the overall increase for the whole year has reached 167.57%. The production capacity of lithium iron phosphate in 2020 is 320,000 tons, and the production capacity of lithium iron phosphate is estimated to reach 920,000 tons by December 2021, and the production capacity is also doubling.
In response to the above problems, "Car Selection Network" consulted battery experts. Experts pointed out: "Ternary lithium batteries and lithium iron phosphate batteries have different needs at the market level. Lithium iron phosphate batteries for low-end cars are basically enough. With the increased demand for consumer intelligent driving, high-end electric vehicles still need ternary batteries. At present, the industry is developing two kinds of battery comprehensive use technology, including the Ningde era is also investing. The original ternary lithium battery and lithium iron phosphate battery are not put together, because the two battery systems are different, put together is not easy to control, in the battery technology is more troublesome. With the mastery of battery characteristics in the industry, the comprehensive use of the two batteries will also be an important direction in the future. The listed companies on the lithium iron phosphate battery track deserve attention, and the comprehensive use of the two battery technologies is also worthy of attention. ”
Since the opening of 2022, the track stocks have fallen one after another, the lithium battery plate has closed for two consecutive days, the long-term lithium family has also not been spared, and after the year-end gap rise, it was quickly returned to its original shape, can the future stock price take off on the lithium iron phosphate track? In the end, it is still supported by performance.
The above is a family statement, welcome to criticize more.
(Image source: Internet)