Top 10 Lithium Iron Phosphate Manufacturers in China

Top 10 lifepo4 battery enterprise

In the first half of 2022, the cumulative installed capacity of power batteries in China was 110.1GWh, a year-on-year increase of 109.8%, and the installed capacity of ternary lithium batteries was 45.6GWh, a year-on-year increase of 51.2%, accounting for 41.4%. The installed capacity of lithium iron phosphate batteries was 64.4GWh, a year-on-year increase of 189.7%, accounting for 58.5%. Affected by the increase in the price of upstream raw materials, the advantages of lithium iron phosphate are more prominent, and the loading volume accounts for a larger proportion. In 2021, the loading volume of ternary lithium and lithium iron phosphate will account for 48% and 52%, respectively.

Below top 10 domestic lithium iron phosphate power battery companies in terms of vehicle loading from January to May 2022

ItemCompany NameLoading volume(GWh)Proportion
8Great Power0.490.99%

Below Top 10 domestic NCM power battery companies in terms of vehicle loading from January to May 2022

ItemCompany NameLoading volume (GWh)Proportion
3Farasis Energy1.624.77%
5LG Chem1.474.31%
7DFD Chem0.832.44%

CATL: Although the CATL relies on NCM lithium to break through the siege, the market share of lithium iron phosphate is still dominant.

BYD: All the way to the lithium iron phosphate battery, it has achieved great success after launching the blade battery, which has largely reversed the situation that the market share of lithium iron phosphate has gradually declined.

Guoxuan Hi-Tech: Veteran players of lithium iron phosphate are also die-hard fans of lithium iron phosphate batteries, but there is no major technological breakthrough to open the market gap.

China Innovation Aviation: The background of state-owned enterprises has been deeply cultivating lithium iron phosphate in the early days. The rise of NCM lithium has put it into a crisis of survival, thus opening the technical route of NCM lithium battery and seeking survival.

EVE Energy: Lithium iron phosphate and NCM soft pack batteries are involved. Relatively speaking, it has more advantages in lithium iron phosphate technology.

SVOLT Energy: The former Great Wall Power Battery Division, which was later independent, is a dark horse in the power battery field, and has also launched its own short-blade lithium iron phosphate battery.

Ruipu Energy: Backed by Tsingshan Group, it mainly produces lithium iron phosphate batteries. With the SCL core design process, it successfully squeezed into the top ten.

Great Power: Mainly engaged in lithium batteries, but it does not perform well in the field of power batteries. The overall shipment volume is too low, and there is basically no sense of existence.

Sunwoda: a veteran battery manufacturer, and later entered the power battery production army. Both NCM lithium and lithium iron phosphate batteries are produced. It is a dark horse in the power battery field in 2022.

Lishen: After the state-owned company CNOOC withdrew, it still could not keep up with the pace of its competitors. Its early market share was relatively good, but it has been thrown out of the top ten list in recent years.


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