The latest data show that in June this year, in the domestic total of 42.8GWh power battery load, 31.7GWh are lithium iron phosphate batteries, accounting for 74.0% of the total load.
The domestic mainstream status of lithium iron phosphate batteries can be seen from this.
There is a trend that even overseas, lithium iron phosphate batteries are getting more and more attention. For the lithium iron phosphate battery industry chain, this is good.
Rapid construction of overseas lithium iron phosphate battery factories
On July 8, Vision Power held a groundbreaking ceremony for its battery gigafactory in Navalmora de la Mata, Spain. The plant will develop and manufacture the latest generation of lithium iron phosphate (LFP) battery products, and is expected to be commissioned in 2026, when it will be Europe's first lithium iron phosphate battery gigafactory.
On June 28, the United States ACT, a joint venture company of Yi Wei Lithium Energy, recently started work, the United States ACT company will produce square lithium iron phosphate batteries, mainly used in the designated North American commercial vehicle field, with an annual capacity of about 21GWh, and the project is expected to start shipping in 2026.
On June 14, according to Cummins China news, Accelera, Cummins' zero-carbon emission business brand, will begin to build a 21GWh factory in Marshall County, Mississippi, to produce differentiated lithium iron phosphate batteries, which are planned to start production in 2027.
In early June, according to foreign media reports, the battery company ACC, a joint venture between Mercedes-Benz and Stellantis, has stopped building battery factories in Germany and Italy, and is considering switching to lower-cost lithium iron phosphate (LFP) batteries to meet market demand.
Lithium iron phosphate is going to sea more and more
Overseas need to carry out localized production of lithium iron phosphate batteries, the material in the industrial chain first.
Guoxuan High-tech and Longpan Technology have built lithium iron phosphate material factories overseas earlier.
Since 2023, many companies such as BYD, Huayou Cobalt and Tianci Materials have announced the construction of lithium iron phosphate materials factories overseas.
Recently, Hunan Yuleng said that it plans to build an annual output of 50,000 tons of lithium battery cathode material project in Spain, and is currently preparing for the relevant approval work in the early stage of the project.
According to incomplete statistics, the current production capacity of lithium iron phosphate materials planned by domestic enterprises overseas has reached 600,000 tons, as shown in the following figure:
The construction of battery factories will not be accomplished overnight, and the release of overseas lithium iron phosphate battery capacity will take time. At present, it is still dominated by domestic exports to overseas.
The latest data from the China Automotive power Battery Industry Innovation Alliance show that in the first half of the year, the export volume of lithium iron phosphate batteries was 23.9GWh, an increase of 48.6%; Ternary lithium battery exports, although larger, 35.6GWh, but down 9.3%.
In general, the current export volume of lithium iron phosphate batteries is still small, mainly for overseas customers to test and verify products.
In the future, as overseas enterprises complete multi-dimensional verification of market and technology, the use of lithium iron phosphate batteries overseas will usher in explosive growth.
In this context, whether it is overseas localized project proposals, or exports, whether it is power batteries, or energy storage batteries, the lithium iron phosphate industry chain will continue to break out!
Yifu machinery overseas layout
In recent years, EIFU has been preparing for the development of overseas markets, with offices and partners in Morocco, Indonesia, South Korea, Japan and other places, and an office in the Americas is also being prepared. Yifu is attracting global attention with its unique charm.
In Morocco, the Philippines, Indonesia, Japan, Germany and other exhibitions and conferences, EIFu also frequently appeared. With each appearance, we have gained valuable market data and in-depth market observation.
Various qualifications of overseas production lines, such as CE, UL and other certificates, are also symbols of strength. The cooperation with a number of well-known overseas iron phosphate lithium iron enterprises is proof of the status and influence of YifU in the industry.
In terms of products, Yifu's single vertical sand mill can achieve high efficiency and energy saving with stable performance, save the coarse grinding process on the production line, simplify the configuration, and reduce the cost of the production line. It can greatly reduce the operating costs of enterprises building factories overseas.
Yifu will focus on the overseas market with excellent sand mill products, and is committed to promoting the first-class sand mill brand to the world, and doing its part for China's new energy enterprises to go to sea.
