Lithium electricity upstream and downstream reproduction strategic cooperation.
On the evening of June twenty _ ninth$Ganfeng Lithium (01772.HK) $According to the announcement, a strategic cooperation framework agreement has been signed with Honeycomb Energy recently, and the two sides will carry out in-depth cooperation in lithium resources, lithium salt supply and marketing, battery recycling and industrial park construction to achieve win-win development. The company said that this cooperation is conducive to improving the layout of the industrial chain, in line with the upstream and downstream integration strategy.
On the same day, Honeycomb Energy also announced the cooperation in its official Wechat account, revealing more details. According to the agreement, the two sides will plan the lithium full-chain eco-industrial park project in Shangrao, led by Honeycomb Energy and with the participation of Ganfeng Lithium. Correspondingly, Honeycomb Energy and Shangrao Municipal Government have reached a framework agreement to locate the industrial park, which will start with the layout of the energy end, covering new energy enterprises at the market application end, such as upstream mining, lithium batteries, and then energy storage. build a "source network, charge and storage" integration project to form a sustainable closed-loop development of the lithium industry. Prior to this, Honeycomb Energy has planned to build an intelligent manufacturing industrial park and a zero-carbon industrial park in Changzhou, Jiangsu and Dazhou, Sichuan, respectively.
Since last year, the prices of upstream lithium products such as lithium carbonate have risen sharply, exceeding 500000 yuan / ton in the first quarter of this year, staging a "ten times a year" market. Under the cost pressure, the profits of the middle and lower reaches represented by power batteries are under pressure, which leads to a heated discussion on the ecology of lithium supply chain in the industry, and through long-term cooperation and strategic cooperation, it has become an effective channel for upstream and downstream enterprises to bind.
Ganfeng Lithium, as the world's leading lithium salt supplier, has "customer circle of friends" such as Tesla, Inc., LG Chemical, BMW, Umicor, etc., lithium carbonate design capacity of 43000 tons / year, lithium hydroxide design capacity of 81000 tons / year, metal lithium design capacity of 2150 tons / year, is relying on its own lithium ore resources upstream to expand production, and now has capacity layouts in Xinyu, Ningdu, Shangrao and other places. It is also planned to form a supply capacity of not less than 300000 tons of lithium carbonate equivalent by 2025, of which 200000 tons come from its own resources.
"rising star in the industry" Honeycomb Energy, hatched by Great Wall Motor's Power Battery Division, has shown off its muscles in recent years and put forward the "Leader Bee 600" strategy, aiming at the global production capacity target of 600 GWh in 2025, with a market share target of 25%. The installed capacity of honeycomb energy was 1.3GWh in the first quarter of this year, an increase of 137.5% over the same period last year, ranking firmly in the top 10 of the industry, with a global market share of 1.3%.
In addition to the supply and marketing of lithium resources, the strategic cooperation between the two also points to the field of power battery recycling. In the view of Gan Lithium Industry, the business of recycling lithium extraction is profitable and can be developed in the long term, and the company is also speeding up the layout of recycling outlets and business sectors. 5000 tons of lithium carbonate equivalent will be recovered in 2021, with targets of 10, 000 tons in 2022 and 25000 tons in 2025. It is hoped that 30% of the recovery will come from recycling in 2030.
What needs to be concerned is that in addition to playing steadily upstream, Ganfeng Lithium is making great efforts to lay out the power and energy storage battery market and want to get a piece of the pie downstream. In August last year, the company announced its holding subsidiary Ganfeng Lithium Power 8.4 billion yuan investment plan to build a cumulative annual production of new 15GWh lithium battery projects in Xinyu, Jiangxi Province and Liangjiang New area of Chongqing. At present, the company has completed the production capacity of 7GWH power and energy storage battery, and the planned first-generation solid-state battery capacity of 2GWH is expected to be gradually released this year, and has been measured for a range of more than 400km on the Dongfeng E70.