CNCEC(SH:601117) Xin Hua She·2025-11-20 09:53Core Insights - The lithium iron phosphate (LFP) materials industry is urged to shift from "scale competition" to "quality competition" through innovation and upgrading, aiming to open new avenues for value growth [1] - LFP materials are essential for both power and energy storage batteries, providing high safety, long cycle life, and cost advantages, which support the global lithium battery supply chain [1] - In the first nine months of 2025, China's lithium-ion battery exports reached $55.38 billion, a year-on-year increase of 26.75%, with domestic new energy vehicle penetration exceeding 45% and energy storage installations surging by 60% [1] - Despite the rapid growth in demand for LFP materials driven by the new energy vehicle and energy storage markets, cost pressures for LFP materials have not fundamentally eased [1] - The cost structure of LFP materials shows that the main material accounts for the highest proportion, with energy consumption and direct costs being equally important, and only 16.7% of companies in the industry are profitable, indicating financial risks [1] Industry Developments - The conference facilitated in-depth discussions among industry stakeholders to promote orderly competition in the LFP sector [2] - Key areas for technological innovation include high-voltage dense LFP, lithium manganese iron phosphate, and cobalt-free materials, focusing on optimizing particle size distribution, morphology control, carbon coating processes, and sintering process improvements [2] - The optimization of packing density, a critical parameter affecting battery performance, must balance process complexity and production costs to avoid excessive cost increases while pursuing high performance [2]