Published PM GMT+8 GMT+8, April 28, 2025,
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Industry Research
2025 Trends in China's Lithium Iron Phosphate (LFP) Cathode Material Sector
Tags: #Trends #Industry #LFPBattery
By 2025, global LFP battery cell production is projected to exceed 1,100 GWh, capturing 63% of the global market share, with China’s domestic share potentially rising to 74%. Global new energy vehicle (NEV) sales are expected to reach 21 million units, achieving a 54% penetration rate. China continues to dominate the market as LFP batteries increasingly replace ternary materials in power applications due to their cost-effectiveness and safety. By 2028, LFP is forecasted to account for 63% of the power battery market.
Industry Updates
POSCO Future M Reports 54.7% YoY Drop in Q1 Operating Profit
Tags: #내화물
POSCO Future M posted an operating profit of KRW 17.2 billion in Q1 2025, reversing losses but marking a 54.7% year-on-year decline. Sales fell 25.7% to KRW 845.4 billion, while net profit dropped 14.2% to KRW 4.89 billion. Notably, its battery materials division saw a 32.4% revenue increase to KRW 505.6 billion, with an operating profit of KRW 2.4 billion.
Umicore Shifts Strategy: Invests in Korea, Exits North American Expansion
Tags: #CathodeMaterials
Umicore is pivoting its focus to Korean production, halting plans for a Canadian plant and redirecting KRW 200 billion to expand its Cheonan facility. Amid market shifts, it will relocate NCM523 precursor production to China and partner with Eco&Dream and CNGR to comply with U.S. Inflation Reduction Act requirements.
Daoshi Technology’s Net Profit Soars 662%, Bets on Solid-State Battery Materials
Tags: #LithiumMaterials #Recycling #Analysis #Trends
Daoshi Technology reported a 662.33% year-on-year surge in 2024 net profit attributable to shareholders, followed by a 206.86% rise in Q1 2025. The company is collaborating with partners to develop diverse solid-state battery solutions tailored to various applications.
CATL Launches New 40 GWh Lithium Battery Base with RMB 6.5B Investment
Tags: #CATL #Performance #Data
CATL subsidiary Luoyuan Times New Energy Technology has broken ground on a lithium-ion battery production base. The project, spanning 900 acres with a total investment of RMB 6.5 billion, aims to achieve an annual output of 40 GWh and generate over RMB 10 billion in yearly revenue.
Ganfeng Lithium Signs Agreement for High-Energy Solid-State Battery Project
Tags: #GanfengLithium #CathodeMaterials
Ganfeng Lithium has partnered with Hangzhou’s Gongshu District Government and Hangzhou Energy Group to establish a high-energy solid-state battery R&D and industrialization base. The collaboration will focus on transportation electrification and new energy expansion, supported by government-industry innovation and infrastructure guarantees.
Cutting-Edge Technologies
Sodium-Ion Battery Precursor and Cathode Material with Core-Shell Structure
Tags: #CathodeMaterials
Hunan JinKai Recycling Technology and Changsha JinKai Recycling Technology have disclosed a sodium-ion battery cathode precursor featuring a core-shell structure. By optimizing chelating agents and reaction parameters, the method yields spherical precursors that produce cathodes with high capacity, extended cycle life, and superior air stability.
High-Structural-Integrity Sulfurized Polyacrylonitrile Cathode Material
Tags: #CathodeMaterials
Beijing University of Chemical Technology has unveiled a sulfurized polyacrylonitrile (SPAN) cathode material with enhanced structural uniformity. Pre-treatment under oxygen induces cyclization of polyacrylonitrile, optimizing its conjugated backbone, increasing pyridinic content, and reducing defective five-membered rings. This innovation boosts battery capacity and cycling stability.
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