The demand for Lithium Iron Phosphate (LiFePO4) batteries has experienced a dramatic surge, particularly in the new energy vehicle and energy storage sectors. China, with its installed capacity of 64.8GWh as of November 2021, accounts for over 50% of the global market share, indicating the significant role these batteries play in advancing sustainable energy solutions.
Market Overview and Growth Prospects
LiFePO4 batteries are favored for their safety and cost-effectiveness, attributes that have increased their adoption in various applications beyond electric vehicles, including marine vessels and large-scale energy storage systems. The global shipment of LiFePO4 batteries is expected to reach 480.1GWh by 2025, driven by strong demand across multiple industries.
Leading Manufacturers in China
China is home to several leading manufacturers that are propelling innovation and production in the LiFePO4 battery segment. Here are the top 10 manufacturers based on their installed capacities as of 2021:
CATL (Contemporary Amperex Technology Co. Limited)
Founded in 2011 and based in Ningde, Fujian, CATL leads the world in LiFePO4 battery production, with a market value exceeding 1.258 trillion yuan. CATL’s collaborations with major industry players like Tesla and BMW have solidified its position in the global supply chain.
BYD (Build Your Dreams)
Established in 1995 in Shenzhen, BYD is a pioneer in zero-emission energy solutions, with its LiFePO4 batteries powering a wide range of vehicles and capturing a substantial 32.1% market share.
Gotion High-Tech
Based in Hefei, Gotion High-Tech, founded in 2005, specializes in lithium-ion batteries for new energy vehicles and serves as a key partner to major domestic automakers.
EVE Energy
Headquartered in Huizhou since 2001, EVE Energy is known for its comprehensive battery solutions across various sectors, holding a notable market share.
SVOLT
Founded in 2016 in Changzhou, SVOLT has quickly become a significant player with its advanced battery technologies, focusing on R&D to improve battery efficiency.
LISHEN
Based in Tianjin, LISHEN Battery, established in 1997, is known for its strong production capabilities and collaborations with leading automakers.
REPT
Located in Wenzhou and founded in 2017, REPT Energy represents the integration of mineral resources and renewable energy technologies.
Great Power
Founded in 2001 in Guangzhou, Great Power focuses on comprehensive energy storage solutions and plays a crucial role in the development of energy storage systems.
Henan Lithium Power Source
A subsidiary of GD Group located in Xinxiang, Henan, this company excels in the mass production of prismatic and pouch lithium-ion batteries.
ANC
Established in 2016 in Shangrao, Jiangxi, ANC is committed to rapid expansion in LiFePO4 battery production and aims to become a global leader in clean energy solutions.
Conclusion
The rise of these top LiFePO4 battery manufacturers highlights China’s critical role in developing sustainable energy technologies. As global demand continues to grow, these companies are at the forefront of innovation, working towards a greener and more sustainable future.
