高工锂电·2026-01-04 10:37Core Viewpoint - Leading players in the lithium iron phosphate (LFP) materials sector are intensifying their capacity expansion efforts, indicating a shift in competition from merely having capacity to mastering high-performance and systematic supply capabilities [3][6]. Group 1: Capacity Expansion Initiatives - CATL has launched a 450,000 tons/year LFP project in Yichang, Hubei, which is described as the "world's largest single LFP base," with a total investment of 5.6 billion yuan [3]. - Longpan Technology plans to invest up to 2 billion yuan in a new high-performance lithium battery cathode materials project in Jintan, Jiangsu, with an initial capacity of 120,000 tons of LFP [4][5]. - Longpan Technology is also increasing the planned capacity of its third phase in Suining, Sichuan, from 62,500 tons/year to 100,000 tons/year, raising total capacity to 187,500 tons/year [5]. Group 2: Quality and Performance Focus - The expansion efforts are not just about increasing volume but also emphasize the quality of production, with a focus on higher density and performance of new generation LFP products [6]. - The narrative has shifted from merely increasing tonnage to enhancing performance iteration, manufacturing capabilities, and supply stability as core reasons for expansion [6]. Group 3: Market Dynamics and Pricing - As of late 2025, several LFP companies are signaling an increase in processing fees, with a typical adjustment of 3,000 yuan/ton (excluding tax) starting January 1, 2026 [6]. - This indicates that the industry is preparing for long-term demand and product upgrades while also recalibrating short-term cost transmission and profit recovery [6]. Group 4: Competitive Landscape - The competition is evolving to focus on who can consistently produce higher density and more replicable products at scale, and who can integrate cathode material capabilities deeper into battery systems, customer systems, and park systems [7].