Global lithium Iron phosphate industry continued enjoying a strong development momentum. Regionally speaking, however, the growth of lithium iron phosphate industry claimed severe differentiation. In regions beyond China, since the EV industry, the biggest lithium iron phosphate battery consumption market, developed not as well as expected, industrial players are confronted with the risk of withdrawing from the market or even bankrupting as a result of increasingly growing loss.
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At the same time, in contrast,
counterparts from Chinese mainland and Taiwan witnessed smooth
development, thanks to mature lithium battery industry as well as
developed EV industry. Thus, the lithium iron phosphate industry is
increasingly shifting to mainland China and Taiwan.
In recent years, there have been a
great many of enterprises embarking on the lithium iron phosphate
business in mainland China. Coupled with constant capacity expansion,
China’s lithium iron phosphate capacity continued rising. Owing to the
fact that new comers lag behind in terms of production technology,
product quality and production stability, both their real output and
sales volume are well below the designed capacity. Equipped with strong
technical force reserves and a great many of patents, Taiwanese
enterprises featuring larger production scale are more competitive in
the market.
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