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[LMFP: Wanrun's LMFP Is in the Trial Production and Validation Stage] On July 18, 2024, Wanrun New Energy (stock code: 688275.SH) stated on the investor interaction platform that although LMFP theoretically has higher energy density than LFP, the current actual performance indicators of LMFP are still significantly lower than those of LFP. With continuous technological advancements in the future, LMFP performance is expected to improve, enabling it to complement and partially replace LFP. Wanrun's LMFP products are currently in the trial production stage, with production lines capable of large-scale production, and are undergoing customer validation.

[LMFP: Hunan Yuneng Achieves Significant Breakthroughs in Manganese Dissolution and Other Performance Aspects of LMFP Products] On July 19, 2024, Hunan Yuneng (301358.SZ) stated on the investor interaction platform that the company has successfully launched several new LFP products. Firstly, the company's CN-5-series new products are mainly used in the ESS sector. After early promotion and customer trials, this product has demonstrated significant advantages in cycle life, energy efficiency, and energy density, with some indicators surpassing previous products. Secondly, the YN-9-series products, characterized by high energy density, are specifically designed for power batteries and have received high recognition from customers. Additionally, the company has made significant progress in the R&D of LMFP products, achieving major breakthroughs in manganese dissolution, high-temperature cycling, and tap density, while continuously optimizing other key performance aspects.

[LMFP: Gotion High-tech Showcases LMFP Batteries] Recently, Gotion High-tech signed an ESS project order totaling 2 GWh, marking its growing influence in the global new energy sector. At the exhibition, Gotion High-tech showcased its innovative 5 MWh liquid-cooled large ESS product Gotion Grid, LMFP batteries, and 46-series cylindrical battery products.

[EPC Contract Execution for 100,000 mt LMFP Project by Baili Engineering: Project Not Yet Started] Hunan Baili Engineering Technology Co., Ltd. responded to a regulatory inquiry letter from the Shanghai Stock Exchange regarding its 2023 annual report and issued a related announcement. On January 9, 2024, the company signed an EPC contract with Shanxi Terawatt Energy Technology Co., Ltd. (referred to as "Shanxi Terawatt") for the design, procurement, and construction of a project with an annual capacity of 100,000 mt of LMFP cathode materials. The tentative contract amount is 838 million yuan. As of June 25, 2024, the project has not yet started, and the company has neither received project prepayments nor made any procurement prepayments. Shanxi Terawatt is ultimately controlled by Qi Sun, who also controls Inner Mongolia Qianyun High-tech New Materials Co., Ltd.

[LMFP: 15,000 mt LMFP Project With an Investment of 300 Million Signed] Jingshi Company plans to sign an investment agreement with the People's Government of Qingchuan County, Guangyuan City, Sichuan Province, for a project to produce 15,000 mt of LMFP annually. The project will be undertaken by its subsidiary, Sichuan Jingshi New Material Technology Co., Ltd., and will be located in the Qingchuan Economic Development Zone, Sichuan. The total investment is 300 million yuan, including 100 million yuan for fixed assets.

[LMFP: Wanrun's LMFP Shares Production Lines With Existing LFP Lines] On June 11, Wanrun New Energy stated that its second-generation high-specific-capacity LMFP product adopts more precise particle size distribution, thinner and more uniform in-situ three-dimensional carbon coating technology, and multi-ion phase doping technology, effectively enhancing ion diffusion and electronic conductivity. This product can share production lines with existing LFP lines, but the conversion requires significant time and funding.

[Annual Capacity of 10,000 mt! Hengchuang Nano's LMFP Project Begins Trial Production] Hengchuang Nano's LMFP project with an annual capacity of 10,000 mt has entered the trial production phase, with the first batch of products officially rolled out on May 29. The project, initiated in 2023, will enable Hengchuang's Yancheng base to achieve an annual capacity of 15,000 mt of LMFP upon completion, with an expected annual output value exceeding 1 billion yuan and the creation of over 100 new jobs. Hengchuang Nano has completed multiple rounds of financing, with a cumulative amount nearing 500 million yuan. It is the only company globally with core components of LMFP. To date, Hengchuang Nano's LMFP series products have been widely applied in two-wheeled EVs and consumer electronics. In 2023, Hengchuang's sales revenue was nearly 100 million yuan, with shipments exceeding 1,000 mt. Shipments in 2024 are expected to grow robustly, achieving more than a fivefold increase compared to 2023.

[Sunwoda: Successfully Achieved Mass Production and Delivery of HEV Products to Renowned Overseas Automakers] Sunwoda stated during an institutional survey that its HEV products, characterized by high power, long life, and high safety, meet the high technical requirements of HEV batteries. The company has established partnerships with major domestic HEV automakers and has successfully achieved mass production and delivery of HEV products to renowned overseas automakers. Adhering to the "focus + differentiation" strategy, the company focuses on prismatic aluminum-shell batteries while also developing large cylindrical power batteries, covering both BEV and PHEV/EREV power and ESS applications. The company continues to invest in new technologies, including solid-state batteries, lithium-metal batteries, silicon-anode high-specific-energy batteries, LMFP batteries, and sodium-ion batteries.

[LFP/LMFP: Fulin Precision Machining (Jiangxi Shenghua) Has an Annual LFP Capacity of 140,000 mt at Its Jiangxi Base] On May 20, Fulin Precision Machining (300432.SZ) stated on the investor interaction platform that its subsidiary Jiangxi Shenghua has an annual LFP capacity of 140,000 mt. The company leverages its existing product and technology system to meet diverse customer and market demands for high-tap-density LFP and LMFP.

[LFP: Easpring's LFP and LMFP Cathode Materials Are Suitable for Solid-State Batteries] On May 17, Easpring Technology stated on the investor interaction platform that its LFP and LMFP cathode materials are suitable for solid-state battery systems.

[Iron Phosphate Project Signed: Scale Unknown] On May 13, Jiumo Technology signed an agreement for an iron phosphate precursor project in Changsha, which will be located in the Wangcheng Economic Development Zone, a national-level economic and technological development zone. The project aims to develop a globally leading new-type iron phosphate precursor material for LFP and LMFP cathode manufacturers, providing core raw materials for the next generation of low-cost, high-performance LFP and LMFP. Currently, Changsha is home to iron phosphate companies such as Hunan Yacheng, with a capacity of 110,000 mt.

GEM's LMFP has entered the ton-level production line debugging stage and is undergoing certification with downstream customers.

[Ronbay's Overseas LMFP Progress: 20,000 mt LMFP in Phase II of the South Korea Base Accelerates Construction] Ronbay's JS base in South Korea has a Phase I capacity of 20,000 mt of ternary cathode materials, with monthly shipments reaching the hundred-ton level. The Phase II capacity plan includes 40,000 mt of ternary cathode materials and 20,000 mt of phosphate materials, with construction accelerating. Phase I capacity is expected to ramp up in Q3 and Q4 this year, with large-scale mass production anticipated by year-end or early next year. In Q1, the company delivered nearly 5,000 mt of products to overseas customers, accounting for about 20% of total shipments. In H2, as the South Korea base scales up production and domestic base sales to overseas customers increase, both will significantly boost the proportion of overseas customer sales, driving annual sales and profit growth.

[Jiuchen's 100,000 mt LMFP Project Breaks Ground] The 100,000 mt LMFP cathode material construction project by Xinjiang Jiuchen New Material Technology Co., Ltd., with a total investment of 4 billion yuan, has broken ground in Yili, Horgos County, Xinjiang. Phase I began construction in April 2024, with plans to complete and commission two LMFP production lines by year-end. Phase II plans to complete and commission two LMFP production lines and two precursor production lines by 2025. Compared to LFP, energy density is improved by about 25%, with costs increasing by only about 5%, primarily for NEV and ESS batteries.

[Great Power Energy Applies for LMFP Composite Material and Preparation Method Patent: Controllable Morphology and Particle Size] On April 16, 2024, according to the announcement by the National Intellectual Property Administration, Guangzhou Great Power Energy Technology Co., Ltd. applied for a patent titled "A LMFP Composite Material and Its Preparation Method," publication number CN117894960A, with an application date of January 2024. The invention provides a LMFP composite material and its preparation method, involving the lithium-ion battery technology field. The preparation method includes: mixing manganese salt compounds, iron salt compounds, lithium salt compounds, and phosphorus source compounds, followed by hydro/solvothermal reaction to obtain a suspension; separating the suspension to obtain precipitate, washing and drying it to obtain a submicron precursor; drying and performing primary sintering to obtain primary sintered material; adding deionized water, carbon source, and conductive agent, mixing and drying to obtain pretreated precursor particles; and performing secondary sintering to obtain the final product. The invention features a simple preparation process, easy operation, and controllability, making it suitable for industrial-scale production. This synthesis method effectively overcomes LMFP's shortcomings, such as low electronic conductivity, low ionic conductivity, and manganese dissolution, and is expected to promote the application of LMFP materials.

[Star Energy Launches LMFP Battery] High capacity and high density, Star Energy has launched a 24Ah LMFP prismatic aluminum-shell lithium-ion battery. The main parameters of Star Energy's 24Ah LMFP prismatic aluminum-shell lithium-ion battery are as follows:
Model: IMP17/119/129(24)EA;
Rated capacity: 24,000 mAh@0.5C;
Nominal voltage: 3.75V; Nominal energy: 90Wh;
AC Impedance: ≤4mΩ.

[DFNano: The Company's Lithium Supplement Product Is One of the Key Materials for Solid-State and Half-Solid State Batteries, Already Applied by Some Customers] DFnano stated on the interactive platform that the company primarily engages in the R&D, production, and sales of core materials for lithium-ion batteries and does not produce batteries. The company's current products, including nano iron phosphate lithium, LMFP, and lithium supplement products, as well as other high-performance auxiliary materials, are suitable for solid-state battery systems. The company's lithium supplement product is one of the key materials for solid-state and half-solid state batteries and has already been applied by some customers. According to calculations, the addition amount and ratio of lithium supplements in solid-state and half-solid state batteries are both higher than those in the current liquid battery systems. Additionally, the company has technical reserves and patent layouts in solid-state battery electrolytes and other additive materials. If relevant matters meet disclosure standards, the company will disclose them promptly.

[DFNano: LMFP Products Have Been the First to Be Applied in Vehicles, Shipments Gradually Increasing] DFnano stated on the interactive platform that LMFP, as a new generation of cathode material, has vast market potential. In 2023, the first car model equipped with "ternary lithium-ion + LMFP battery," LUXEED S7, was launched. In 2024, new car models such as Exeed Yaoguang, STELATO S9, and LUXEED R7 were successively added, further accelerating the commercialization process of LMFP. The company's LMFP products have been the first to be applied in vehicles, with industry-leading product performance and capacity scale, enabling large-scale supply capabilities. Shipments are gradually increasing in line with customer demand schedules.

LMFP Information and Industry Analysis:

[SMM Analysis] "LMFP + Ternary" Opens a New Path for Cathode Materials

[SMM Analysis] A Slow Start in 2024H1: A Review of LMFP Applications in Electric Vehicles

[SMM Analysis] Battery Technology Iteration and Renewal—How Far Is the Future of LMFP?

[SMM Analysis] Insights into LMFP Market from Ronbay's Global Strategy Conference

Summary Table of China's LMFP Cathode Material Project Capacities (Continuously Updated...) [SMM Analysis]

A Rising Star to Be Featured in Model 3: How Powerful Is the LMFP Battery? [SMM Analysis]

More Applications of High-Purity Manganese Sulphate—LMFP [SMM Analysis]

So Many Manganese Raw Materials for LMFP! Check If There Are Any You Didn't Know About

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