Top 10 LMFP companies in China

Top 10 LMFP companies in China

Table of Contents

Compared with lithium iron phosphate, LMFP has 20% higher energy density, but the price is cheaper than lithium iron phosphate. Compared with lithium manganese oxide, LMFP has higher energy density and longer high-temperature cycle life. Compared with ternary materials, lithium manganese phosphate has similar energy density, but is safer and less expensive. This article sorts out the top 10 LMFP companies in China for your reference.

Top 10 LMFP companies

Dynanonic

Dynanonic

Total market value: 64.375 billion RMB
Company website: https://www.dynanonic.com/

Company profile:

Dynanonic has been deeply involved in the lithium battery material industry for 15 years. It is a global technology-leading liquid-phase lithium iron phosphate materials manufacturer. The market share of its main product, nano-lithium iron phosphate, ranks among the top in the industry.

Dynanonic has a mature liquid phase method that gives the company a first-mover advantage. At present, the LFP synthesis process is mainly divided into two categories: solid-phase method and liquid-phase method, because the preparation of high-quality LMFP is most likely to be based on the liquid-phase method. Most manufacturers use the solid-phase method for preparation, so Defang Nano has a significant first-mover advantage in the preparation of LMFP by the liquid-phase method.

Sufficient technical reserves. Dynanonic in top 10 LMFP companies in China has developed self-heating evaporation liquid-phase synthesis technology, which can effectively improve the dissolution of manganese ions in lithium manganese iron phosphate materials and improve battery cycle life. At the same time, the company has also developed material modification technologies such as discontinuous graphene coating, nanotechnology, and ion doping technology to effectively improve electrochemical performance.

Lithitech

Lithitech

Registered capital: 79.99 million RMB
Company website: http://www.lithitech.com/

Company profile:

At present, Lithitech has applied for and obtained 21 patent authorizations in China, including 8 patents related to LMFP, most of which are process patents for improving the performance of LMFP and related patents for structural modification by introducing third-party elements. As one of the top 10 LMFP companies in China, Lithitech currently has a production line of 2,000 tons of lithium manganese iron phosphate.

The company plans to build new equipment with an annual output of 3,000 tons of lithium manganese iron phosphate and a new plant with an annual output of 2,000 tons of lithium manganese iron phosphate precursor from September 2021 to March 2022.

Eight years of hard work in research and development and research Lithitech has realized the industrial production of lithium manganese iron phosphate products. The nanoscale lithium manganese iron phosphate material independently developed by Lithitech effectively solves the resistance problem of traditional LFMP, and has good rate performance, cycle performance, low temperature performance and processing performance, and excellent safety.

CATL

CATL

Total market value: 1286.713 billion RMB
Company website: https://www.catl.com/

Company profile:

CATL, one of the top 10 LMFP companies in China, is the world’s leading lithium-ion battery R&D and manufacturing company. It has established cooperative relations with many mainstream car companies in China and has become one of the first lithium-ion power battery manufacturers in China to enter the supply chain of top international car companies. CATL has been laying out LMFP for a long time and is ready to go. CATL has a complete R&D system and a strong R&D team. As early as 2015, it applied for a patent for the modification of LMFP by introducing third-party elements.

According to the CATL patent speculation, M3P may be LMFP doped with other elements such as magnesium to improve the electrochemical performance of LMFP. In 2015, CATL applied for a patent – lithium-ion battery composite cathode material and its preparation method, disclosing a lithium manganese iron phosphate and graphene composite cathode material and its preparation method.

BYD

BYD

Total market value: 964.927 billion RMB
Company website: http://www.byd.com/cn/

Company profile:

In the field of batteries, BYD’s products have covered consumer 3C batteries, power batteries (lithium iron phosphate batteries and ternary batteries), solar batteries, and energy storage batteries.

BYD actively reserves LMFP and strives to advance, it is one of the top 10 LMFP companies in China . BYD once stated in the new energy automobile industry conference that LMFP is its new technical route. At that time, due to policy and other reasons, various manufacturers embraced ternary high-capacity materials one after another. This route did not become the mainstream, but BYD continued to advance, actively reserved, and laid out more than ten patents in recent years.

GOTION HIGH-TECH

GOTION HIGH-TECH

Total market value: 71.932 billion RMB
Company website: https://www.gotion.com.cn/

Company profile:

GOTION HIGH-TECH has new energy vehicle power batteries, energy storage, power transmission and distribution equipment and other business sectors. GOTION HIGH-TECH has been cultivating iron and lithium for more than ten years, focusing on research and development. In recent years, the proportion of the company’s R&D expenditure has been at a relatively high level in the industry, and the company has also applied for a large number of patents related to cathode materials.

As one of the top 10 LMFP companies in China, in 2019, the FP1865140-15Ah square lithium manganese iron phosphate lithium-ion battery independently developed by GOTION HIGH-TECH won the honor of new product in Anhui Province.

RONBAY

RONBAY

Total market value: 34.42 billion RMB
Company website: http://www.ronbaymat.com/

Company profile:

RONBAY is the world’s leading supplier of ternary cathode materials. RONBAY is the leading supplier of ternary cathode materials in China and is one of the top 10 LMFP companies in China . Relying on the supply of ternary cathode materials, the company continues to deploy new sectors such as lithium manganese iron phosphate materials and sodium electric materials.

The shipment volume and development progress of RONBAY lithium manganese iron phosphate are at the forefront of the industry. It is planned that the production capacity of lithium manganese iron phosphate will reach 300,000 tons in 2025. In September 2022, he stated on the investor interaction platform: At present, the company has an annual production capacity of 6,200 tons of lithium manganese iron phosphate, and has steadily shipped to some leading two-wheeler companies, and its production capacity and shipment progress are in the first echelon in China.

The company expects to complete the mass production certification of manganese lithium and ternary blended products by the end of this year, and the mass production certification of pure-use products in the first quarter of next year, and realize the mass production application in some models in 2023.

EASPRING

EASPRING

Total market value: 56.885 billion RMB
Company website: http://www.easpring.com

Company profile:

EASPRING is a high-quality lithium battery cathode company and one of the top 10 LMFP companies in China. The company is a supplier of cathode materials for lithium batteries, mainly engaged in the R&D, production and sales of cathode materials for small lithium batteries and power lithium batteries such as lithium cobaltate, multi-component materials and lithium manganate.

Through cooperation with other companies, EASPRING is conducive to combining the advantages of both parties in technology, mineral resources, and phosphorus chemical industry to promote the landing of LMFP products. The 2021 semi-annual report disclosed that Formula is developing high-performance lithium iron phosphate and LMFP materials specifically for the electric vehicle and high-end energy storage markets.

In July 2022, a new lithium manganese iron phosphate product was launched at the new product global launch conference, which realized the fusion of manganese and iron at the atomic level, and greatly improved the comprehensive performance of the material by means of synergistic modification of multiple elements.

BCC

BCC

Total market value: 5.926 billion RMB
Company website: http://www.bcchem.com

Company profile:

BCC is a company listed in SZSE (Shenzhen Stock Exchange) specializing in production of hi-tech fine chemical products, with two subsidiaries – Baichuan (Rugao) Chemical Co., Ltd. and Rugao Baichuan Chemical Material Co., Ltd.

BCC has long been devoted to research, development and production of many environment-friendly chemical products, such as acetates, propylene glycol ether and its esters, acid anhydrides, plasticizer, polyatomic alcohols, insulating resins and enamel wire paints. Such products are widely used in many fields, such as paintings, cementing compounds, pharmaceutical and medical treatment, household appliances, carpentry furniture, finishing and decoration, toys for children, package printing, industrial equipment, road marking, etc.

BCC is a long-term raw material supplier and partner for many world’s top 500 painting companies, such as Akzo Nobel, PPG, BASF, Nippon, Covestro, Kao and Allnex. As one of the top 10 LMFP companies in China, in 2020, the overall product scale of BCC’s related projects will be an annual output of 100,000 tons of iron phosphate, 15,000 tons of lithium iron phosphate, and 15,000 tons of lithium iron manganese phosphate, and the projects will be implemented in phases.

Sunwoda

Sunwoda

Total market value: 47.434 billion RMB
Company website: http://www.sunwoda.com

Company profile:

Sunwoda’s main business is the research and development, design, production and sales of lithium-ion battery modules. As a leading lithium-ion battery module solution and product provider in China, the company is committed to providing customers with safe, lightweight and durable green energy products. Among the top 10 LMFP companies in China, Sunwoda’s lithium manganese iron phosphate battery has passed the battery pilot test in the first half of this year, and is sending samples to car companies for testing.

Sunwoda stated on the investor interaction platform on August 4, 2022 that the company has communicated and cooperated with many car manufacturers around the world on lithium manganese iron phosphate batteries. The company can provide LMFP product solutions with a cruising range of 400-750 kilometers, and the batch delivery time is subject to specific cooperation projects.

TIANNENG

TIANNENG

Total market value: 35.987 billion RMB
Company website: http://www.cn-tn.com/

Company profile:

TIANNENG is a company mainly engaged in the power battery business of electric light vehicles. It is a leading enterprise in China’s battery industry integrating the R&D, production and sales of electric special vehicle power batteries, new energy vehicle power batteries, car start-stop batteries, energy storage batteries, 3C batteries, backup batteries, fuel cells and other batteries.

As one of the top 10 LMFP companies in China, the LMFP 18650 battery produced by TIANNENG has also been successfully applied in the new Mavericks F0 series electric vehicles, and its low temperature performance has been improved by over 25%.

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