By November 2021, the installed capacity of Lithium iron phosphate batteries in China has reached 64.8GWh, accounting for 50.5% of the overall proportion. Therefore, Lithium iron phosphate batteries have comprehensive surpassed ternary batteries in terms of production, sales and installation.
With the advantages of high safety performance and low cost, lithium iron phosphate batteries have made a strong comeback. In addition to new energy vehicles, it also has broad space in the fields of ships and energy storage. It is estimated that the global shipments of lithium iron phosphate batteries will reach 480.1GWh by 2025. With the lithium iron phosphate power battery market so hot, you must be wondering who makes lithium iron phosphate batteries.
According to the data, The top 10 manufacturers with installed capacity of Lithium iron phosphate Power battery in China in 2021 are CATL, BYD, Gotion High-Tech, EVE, SVOLT, LISHEN, REPT, Great Power, Henan Lithium Power Source and ANC. Ten enterprises accounted for 98.7% of the total.
Top 10 lithium iron phosphate power battery manufacturers
- CATL
- BYD
- Gotion High-Tech
- EVE
- SVOLT
- LISHEN
- REPT
- Great Power
- Henan Lithium Power Source
- ANC
CATL
Established：2011
Location：Ningde, Fujian
Aggregate market value: 1.258427 trillion
Company profile：CATL is one of the first Chinese power battery manufacturers with international competitiveness, and is the world’s largest lithium battery enterprise with the highest market value, focusing on the research and development, production and sales of new energy vehicle power battery system and energy storage system.
In only about ten years of development, the loading capacity of CATL power lithium battery not only accounted for half of the Chinese market, but also far ahead in the world, becoming the first Chinese manufacturer of lithium ion power battery to enter the supply chain of international top car companies.
CATL has cooperated with tesla, BMW, Mercedes Benz, Toyota, FAW-Volkswagen and other top enterprises, becoming the world’s leading power battery supplier. CATL has four research and development centers and six production bases, and this year it launched a highly anticipated sodium ion battery with high energy density.
BYD
Established：1995
Location：Shenzhen, Guangdong
Aggregate market value: 717.597 billion
Company profile：BYD is a high-tech company devoted to technological innovations for a better life. After more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion.
Installation capacity:
The market share of BYD is 32.1%, of which about 90% are supporting passenger cars, including QIN, Han, E series, Tang, Song, Yuan and Dolphin of BYD, in addition to FAW Hongqi and FAW Pentium.
Gotion High-Tech
Established：2005
Location：Hefei, Anhui
Aggregate market value: 75.195billion
Company profile：Hefei Gotion High-tech Power Energy Co., LTD. (hereinafter referred to as “Hefei Guoxuan”) is a wholly-owned subsidiary of Guoxuan High-tech.The company is one of the earliest enterprises engaged in the independent research and development, production and sales of lithium-ion batteries for new energy vehicles in China, specializing in the research and development, production and operation of new lithium-ion batteries and their materials, with core technology intellectual property rights.
Products are widely used in pure electric commercial vehicles, passenger vehicles, logistics vehicles and hybrid electric vehicles and other new energy vehicles, and a number of major domestic new energy vehicle enterprises to establish long-term strategic cooperation.
Installation capacity:
The market share of Gotion high-tech is 11.5%, of which about 80% are supporting passenger vehicles, including Hongguang MINI EV, JAC iEV series, Chery eQ series, JAC Sihao, Chang ‘an Benbens, Chang ‘an Auchan, zero run T03, BAIC EC/EU series, Yujie Punk and other models.
EVE
Established：2001
Location：Huizhou, Huangdong
Aggregate market value: 200.057 billion
Company profile：EVE Energy Co., Ltd.has become a global competitive high-quality lithium battery platform company, possessing core technologies and comprehensive solutions for consumer batteries and power batteries. Products are widely used in the field of IoT and the Energy Internet.
Installation capacity:
EVE’s market share is 1.9%, ranking the fourth, and in the passenger car field is supporing Kevo entrepreneurs. Special vehicle support accounts for about half, customers include Nanjing Golden Long, Geely Sichuan Commercial vehicles, Dongfeng Motor and so on.
SVOLT
Established：2016
Location：Changzhou, Jiangsu
Company profile：SVOLT Energy Technology was the formerly Battery Business Unit of Great Wall Motor. SVOLT is committed to spearheading innovation in the manufacturing and R&D of the next-generation of battery materials, cells, modules, systems, BMS and energy storage systems. The company has about 3100 employees, including 1400 R&D engineers. It will have invested 26 billion yuan in global planning for plant construction by 2025.
Installation capacity:
SVOLT ranks fifth with a 1.6% market share, and its supporting models are all passenger cars, including the Great Wall Ola Cat and so on.
LISHEN
Established：1997
Location：Tianjin, China
Company profile：Tianjin Lishen Battery Joint-Stock Co., Ltd. (Lishen Battery) is a high-tech enterprise controlled by state-owned company and private shareholders, with registered capital of USD 272 million. So far Lishen Battery has grown its annual production capacity up to 10GWh and has maintained the major market share among the global lithium-ion battery industry for years.With the prospering power battery industry, Lishen Battery has established production bases in Beijing, Qingdao, Suzhou, Wuhan, Shenzhen and Mianyang to ensure the sustainable development.
Installation capacity:
LISHEN ranks 6th with a market share of 1.3%, of which about 8 are special vehicles. Supporting customers include BeiQI Foton, FAW Jiefang Qingdao, Shaanxi Automobile, Dongfeng, etc. The passenger car field is mainly supported by JAC Sihao, JAC iEV series, Baojun E series and other models.
REPT
Established：2017
Location：Wenzhou, Zhejiang
Company profile：REPT Energy Co., Ltd. is one of companies invested by Tsingshan Industry (one of the Fortune Global 500 companies) in the sector of new energy by combining its own rich mineral resources in the world. REPT Energy is mainly engaged in the research, development, production and sales, from cells to system applications of power and energy storage lithium-ion battery, focusing on providing high-quality solutions for new energy vehicle power and smart energy storage system. With a registered capital of 300 million yuan, the company has now established two major bases, namely the Wenzhou Manufacturing Base and the Shanghai R&D Center.
Installation capacity:
REPT has a market share of 1.2%, ranking 7th. Most of its vehicles are passenger cars, including Baojun E series, Lingbao BOX, Dongfeng Fengshen and other models.
Great Power
Established：2001
Location：Guangzhou, Guangdong
Aggregate market value: 17.617billion
Company profile：Great Power (listed on Shenzhen Growth Enterprise Market) was founded with 420 million (RMB) registered capital. Great Power has now fully entered the fields of new energy vehicle power battery system and associated AC & DC charging pile, household energy storage system, large scale on/off-grid energy storage system, and battery raw material recycling.
Installation capacity:
Great Power has a market share of 0.7%, ranking eighth. Its main supporting models include Baojun E series, Lingbao BOX, Wuling Rongguang EV, etc.
Henan Lithium Power Source
Established：2001
Location: Xinxiang, Henan
Company profile：Henan Lithium Power Source Co. Ltd. is a wholly owned subsidiary of GD Group and located in the National Industry Park (Xinxiang) of Electrochemical and Physical Power Sources.With over a decade’s R&D efforts, Lithium Power Source has become a leading renewable energy company with significant know-how and IP about lithium-ion batteries and materials.
To enhance technology leadership and assure product quality, Lithium Power Source has entered strategic partnership with the New Energies Research Institute of the China Academy of Sciences, Henan Province Engineering and Research Center of Traction Power Sources and Materials, and a number of research universities.
It is capable to mass produce prismatic and pouch lithium-ion batteries of different chemistries. Its products have been used by customers in electric bikes, electric motorcycles, electric vehicles, UPS, energy storage systems, consumer electronics, and etc.
Installation capacity:
The market share of Henan Lithium Power Source is 0.4%, ranked the 9th, main supporting models include Dongfeng Junfeng EV series, Fukang Elysee, etc.
ANC
Established：2016
Location： Shangrao, Jiangxi
Company profile：Jiangxi Anchi New Energy Technology Co.,Ltd (ANC). is mainly involved in a new energy power battery project with annual output of 1 billion Ah, with a planned total investment of 3 billion CNY. It is expected to achieve the output value of 4 billion CNY and the profits and taxes of 500 million RMB when production reaches its designed capacity.
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VOVPOWER is long-term supplier of CATL,EVE,LISHEN,Gotion,REPT,Great Power and other TOP 10 LiFePO4 battery cells. Get in touch with our battery expert for any information and solution you need.