In this round of shortage of lithium batteries, the shortage of upstream materials is the most serious, and the VC additive in electrolyte is the most scarce. VC (ethylene carbonate) and FEC (vinyl fluoride carbonate) are common electrolyte additives, and VC is a film-forming additive that must be added to the electrolyte, which is directly related to the capacity and cycle life of the battery.
According to market analysis, the addition ratio of VC in lithium iron phosphate battery is much higher than that in ternary battery. With the growth of the production and sales of lithium ferrous phosphate, the supply of VC is more tense now. In just one year, the price of VC rose from 1.5 million/ton to 270,000/ton, an increase of 80%.
Even though domestic VC leaders are actively expanding production, it is very difficult to expand production because of VC's high technical barriers and technological requirements, limited environmental protection and safety management. The shortage of VC will intensify, and the price increase will not change.
If car companies are eyeing lithium battery manufacturers, then lithium battery manufacturers are eyeing VC manufacturers recently, resulting in orders from some VC manufacturers scheduled for next year, and leading companies will also usher in a performance explosion. Brother Long today takes stock of four leading VC companies with the highest production capacity.
A-share electrolyte leading enterprise has the largest electrolyte business in the world, with a market share of over 30%. In 20 19, Zhejiang Tianshuo, which specializes in producing electrolyte additives for lithium batteries, was acquired. At present, the company's VC production capacity has reached 1000 tons/year.
As a leader in the electrolyte industry, Tianci Materials actively expands overseas quality customers while providing long-term stable supply for domestic battery leading enterprises. In the future, it is expected to continue to benefit from the rapid increase in the global penetration rate of new energy vehicles, and the income will continue to maintain rapid growth.
The company is a leading manufacturer of electronic and chemical products in China and a leading supplier of electrolyte for lithium-ion batteries and supercapacitors in the world. It has two production bases of additives for lithium ion batteries, Nantong Xinzhou State and Hankang Chemical, with a total annual production capacity of 1.33 million tons.
At present, Xinzhou State has built a complete industrial chain of "additive-new lithium salt-solvent-electrolyte", and at the same time, it has deeply bound leading enterprises in the international and domestic battery industry, which has stabilized its leading position in the field of electrolyte.
The lithium battery materials produced by the company include lithium hexafluorophosphate and lithium difluorosulfimide, and the current production capacity is gradually being released. The company is building a production base with an annual output of 3,000 tons of FEC and 5,000 tons of VC in Yongtai, Inner Mongolia. This project is to transform the existing workshop with the original equipment, so the construction period is relatively short, and it can be landed in almost two to three months.
In recent years, the company has stepped up its efforts to develop lithium battery materials business, continuously developed new lithium salts and additives containing fluorine electrolyte, and established a high industry position.
The manufacturers of additives VC and FEC for lithium battery electrolyte, Suzhou Huayi Company, in which the company holds 30% of the shares, have a total production capacity of 3,000 tons, all of which have passed the certification of major downstream manufacturers.
Suzhou Huayi is a leading enterprise in lithium battery additive materials. In the future, Oak is expected to expand its layout in the lithium battery industry with the help of Huayi's scale.