Power battery data tracking: lithium iron phosphate production has increased significantly, and lithium prices have increased significantly

In February 2022, the CSI 300 will increase or decrease by +0.39, and the ChiNext will increase or decrease by -1.17%. The automobile industry rose and fell by +0.13%, and the Wind Power Battery Index (884963.WI) rose by +7.93%, outperforming 26 of the 30 first-tier industries of CITIC, and the National Securities New Energy Vehicle Index (399417.SZ) rose by +5.16%. In the power battery-related sector, the lithium ore index ranked first with a monthly increase and decrease of +31.68%, and the lithium battery separator ranked last with a monthly increase and decrease of +5.01%.

-Power-type Battery

In January 2022, the output of power batteries will increase significantly, and the increase in lithium iron phosphate will be larger. In terms of production, the output of ternary batteries was 10,815.30 MWh, a year-on-year increase of 57.95%, and the output of lithium iron phosphate batteries was 18,790.10 MWh, a year-on-year increase of 261.79%.

The proportion of lithium iron phosphate loading increased. The installed capacity of ternary batteries was 7299.9 MWh, a year-on-year increase of 35.22%, and the installed capacity of lithium iron phosphate batteries was 8873.9 MWh, a year-on-year increase of 172.72%. In terms of the market share of installed vehicles, ternary batteries accounted for +45.13%, a year-on-year increase. Last year -17.26pct, lithium iron phosphate accounted for +54.87%, and +17.26pct last year. In terms of companies, the share of domestic power battery companies remained relatively stable, with CATL taking the lead, and BYD increasing significantly year-on-year.

-New energy vehicles

Production and sales hit a new high in January. The monthly production and sales scale both exceeded 450,000 units, and both production and sales maintained rapid growth year-on-year. The monthly production and sales of new energy vehicles were 452,200 units and 431,400 units, respectively +133.55% and + 140.79%.

In terms of models, the monthly production and sales of new energy passenger vehicles and new energy commercial vehicles increased year-on-year, but the year-on-year growth rate of production and sales of new energy passenger vehicles was significantly ahead of that of new energy commercial vehicles. Among them, the production and sales of new energy passenger vehicles were 488,100 units and 498,000 units, respectively +127.70% and +120.65% year-on-year.

In terms of power sources, the monthly production and sales of pure electric vehicles and plug-in hybrid electric vehicles have increased significantly from the previous month and year-on-year, and the monthly production and sales volume and the cumulative production and sales volume of the year have doubled year-on-year.

In the past month, lithium carbonate, lithium hydroxide, and lithium iron phosphate cathode materials have increased significantly. The price of lithium carbonate is 468,000 yuan/ton, lithium hydroxide is 419,500 yuan/ton, cobalt sulfate is 111,500 yuan/ton, lithium iron phosphate cathode is 160,000 yuan/ton, and mid-end artificial graphite is 51,500 yuan/ton.