Daimler Group CEO Ola Kallenius said on Wednesday that its luxury car division Mercedes-Benz will shift to cheaper but lower-power lithium iron phosphate batteries to curb the soaring prices of certain metals in its entry-level models.
A few days ago, Tesla said in the third quarterly report that it will switch to lithium iron phosphate batteries for standard endurance Model 3 and Model Y new energy electric vehicles worldwide. This news means that the technical route of lithium iron phosphate has been further confirmed by Tesla. At the same time, before that, Tesla also said in its second quarterly report that Tesla will gradually turn to the use of lithium iron phosphate battery solutions in the future. At present, traditional phosphorus chemical companies are cutting into the new energy track. East Asia Qianhai analysis pointed out that the development of lithium iron phosphate business, on the one hand, is conducive to traditional phosphorus chemical companies to find new performance growth points, improve profitability; on the other hand, is conducive to improving the valuation of traditional phosphorus chemical companies. The valuation of new energy vehicle battery companies is high, with an average PE of about 70 times, which is much higher than the average valuation of phosphorus chemical industry of about 20 times. Under the dual improvement of performance and valuation, the phosphorus chemical sector will usher in the "Davis double-click", and related listed companies will continue to benefit.
Among the A-share listed companies, Yuntianhua has rich phosphate ore resource reserves, with an existing raw ore production capacity of 14.5 million tons / year, scrubbing and beneficiation production capacity of 6.18 million tons / year, flotation production capacity of 7.5 million tons / year, is one of the largest phosphate ore mining and dressing enterprises in China. Guizhou Lufa Industrial Co., Ltd., which Sylter acquired in 2021, now owns 4.5602 square kilometers of phosphate mining rights in Mingniwan and 8.38 square kilometers of phosphate mining rights in Yongwen, and the company currently has a production capacity of 850,000 tons of monoammonium phosphate and 450,000 tons of phosphoric acid. The production capacity of chemical industry grade monoammonium phosphate and fertilizer grade monoammonium phosphate in the six countries is 80,000 tons / year and 370,000 tons / year, respectively.
Recent Hot Series:
On October 25, "Ningde era energy storage field continues to "attack the city" Giants bet on the track to continue to accelerate"
On October 21, "Lithium iron phosphate returned to the mainstream, upstream resources became "fragrant food", and the mineral reserves of these companies have reached hundreds of millions of tons"
On October 20, "The installed capacity exceeded the ternary battery for three consecutive months, lithium iron phosphate helped to create more explosive models, and these companies have built tens of thousands of tons of new production capacity and have begun trial production"
On October 18, "The reform of electricity price marketization is accelerating, the energy storage market space may be "fully opened", and the company's energy storage products can directly participate in the electricity spot market transaction"
![The future path for trisodium phosphate manufacturers[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)