Lack of lithium?Chairman BYD said that domestic lithium resources can meet the needs of 300 million electric vehicles

On September 23, Wang Chuanfu, chairman of BYD, said at the high -level Forum (2022) of the China New Energy Vehicle Development High -level Forum (2022) organized by the Hundred People's Conferences that my country ’s lithium resources are generally sufficient and can meet the needs of 300 million vehicles across the country.

"Many lithium mines have been found in China recently, but the mining is not so fast, and the market growth is fast, and the supply has appeared." Wang Chuanfu said.

Since the beginning of this year, the shortage of battery raw materials and costs have risen sharply. Therefore, battery companies have begun to accelerate the layout in the upstream field, and the phenomenon of mining is continuously staged. After the Chilean lithium mine project changed, BYD continued to find other lithium mines. Yichun, known as the "Asian Lithium Capital", became one of the main battlefields of BYD's lithium. BYD intends to build an annual production capacity of 30GWH power battery in Yichun, an annual output of 100,000 tons of battery -grade lithium carbonate and ceramic soil (including lithium) mining selection and selection and production base, with a total investment of 28.5 billion yuan. Public information shows that Yichun has the world's largest lithium cloud female mine, with resource volume equivalent to 6.36 million tons of lithium carbonate. Yichun lithium oxide reserves are as high as 2.58 million tons, accounting for about 23.6%of the total lithium resource reserves. Among them, the provenable lithium oxide reserves were 1.1 million tons, accounting for 31%of the country.

In addition to BYD, Ningde Times and Guoxuan Hi -Tech also deployed lithium ore business in Yichun. In addition, China Innovation Airlines reached a strategic cooperation agreement with Tianqi Lithium and Lithium Carbonate Supply Framework Agreement in the first half of this year. Honeycomb energy, Yiwei Lithium, and upstream lithium ore enterprise Chuanneng Power signed a cooperation agreement in Chengdu announced that a joint venture company will be signed in Chengdu to invest in the construction of 30,000 tons/year lithium salt project in Deyang-Aba Ecological Economic Industrial Park. In order to speed up the lithium battery industry layout in Sichuan.

Li Ye, chairman of Guoxuan High -Key, said that by 2025, China's lithium carbonate demand is expected to reach about 600,000 tons. In the next five years, with the increase in the mining volume of lithium mines in Jiangxi, Sichuan, and Qinghai, and the advancement of battery recycling technology, it has improved. The demand for imported lithium resources will be greatly reduced. "By 2025, Yichun will form a lithium development of 500,000 tons of annual output, which will completely end the situation of China's lithium shortage." Li Ye said.

According to SMM data, the production of lithium salt in the first half of this year has increased significantly. The total output of lithium carbonate in the first half of the year reached 157,000 tons, an increase of 45%year -on -year, and the total output of lithium hydroxide was 107,000 tons, an increase of 32%year -on -year. From the perspective of price, the price of upstream raw materials has ushered in a high rose in the first half of the year. Taking the battery -level lithium carbonate as an example, from the price of 278,000 yuan / ton at the beginning of this year to the average price of 469,000 yuan / ton on June 30, the price increase in the first half of the year. It reached 68.7%, and the highest price rose to 503,000 yuan / ton during the period. The price of battery raw materials has risen since 2021. Compared with the beginning of 2021, the current price of lithium carbonate has nearly 10 times. Recently, the price of lithium carbonate of battery -level reached a new high. The average price on September 21 reached 508,000 yuan/ton, which has exceeded the historical high of this year.

In addition, Wang Chuanfu stated that he should adhere to the battery route of lithium iron phosphate. Earlier, the ternary battery accounted for relatively high. In the past two or three years, more and more car companies have chosen to carry lithium iron phosphate batteries. On the one hand, the lithium iron phosphate battery material does not involve precious metals, and the cost advantage is more obvious. On the other hand, lithium iron phosphate battery technology has made great progress in recent years, and battery companies have continued to innovate.

The latest data released by the China Automobile Power Battery Industry Innovation Alliance shows that in the first August of this year, my country's power battery volume was 162.1GWh, a cumulative increase of 112.3%year -on -year.其中三元电池累计装车量66.0GWh，占总装车量40.7%，累计同比增长61.1%；磷酸铁锂电池累计装车量95.9GWh，占总装车量59.2%，累计同比增长172.2%，呈现快速Growth development momentum.

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