How can LiFePO4 battery be combined with solar panels for use?

With the increasing popularity of renewable energy, many people are turning to solar panels to power homes and businesses. However, the efficiency and effectiveness of solar panels largely depend on the battery they are paired with. LiFePO4 battery, also known as lithium iron phosphate battery, is a good choice for those who want to optimize the solar panel system. In this blog, we will delve deeper into how LiFePO4 battery work together with solar panels.

Firstly, let’s understand what LiFePO4 battery are and how they work. LiFePO4 battery is a rechargeable battery that uses lithium iron phosphate as the positive electrode material. Compared with other types of lithium ion battery (such as lithium cobalt oxide (LiCoO2) or lithium manganese oxide (LiMn2O4)), LiFePO4 battery have higher thermal stability and chemical stability, which makes them safer to use. They also have a longer lifespan and can be charged and discharged multiple times without losing capacity.

In terms of solar panels, LiFePO4 battery work similarly to other types of battery. During the day, solar panels collect energy from the sun and convert it into direct current. Then, this electricity is transmitted to the battery, which stores it for future use. At night, or when there is not enough sunlight to power the system, the battery will release the stored electricity back into the system, which can power lights, appliances, or anything else that requires electricity.

One of the main advantages of using LiFePO4 battery with solar panels is their high energy density. This means that they can store a large amount of energy in relatively small and lightweight packaging. This is important for solar panel systems as it makes them more portable and easier to install. In addition, LiFePO4 battery have high charging efficiency, which means that using solar panels can quickly and effectively charge them.

Another advantage of LiFePO4 battery is their long service life. Unlike other types of battery that require replacement every few years, such as lead-acid battery, LiFePO4 battery can be used for up to 10 years or more with appropriate care and maintenance. This means that for solar panel systems, they are a cost-effective and reliable choice.

For solar panel systems, LiFePO4 battery are a safe and environmentally friendly choice. They do not contain any toxic or harmful substances, making them easy to recycle or properly dispose of. Compared to other types of battery, they are also less prone to overheating or catching fire, making them a safer choice for home and commercial use.

In summary, LiFePO4 battery are a great choice for those who want to maximize the efficiency and effectiveness of solar panel systems. They have characteristics such as high energy density, long lifespan, fast charging, safety and environmental protection. If you are considering using solar panels to power your home or business, be sure to consider pairing them with LiFePO4 battery for optimal results.CATL Battery, Winston Battery, CALB Battery, Headway Battery, and others are well-known lifepo4 batteries with excellent quality and long cycle life.

CATL set up a new company! Invest 13.5 billion to enter the “Lithium Capital of Asia”!

Trillion “CATL” continues to accelerate its rise today! As of the close of September 14th, CATL was trading at 529.90 yuan per share, up 27.10 yuan per share, or 5.39%, with a total market value of 1.23 trillion yuan.

The main reason for the increase was the news of expansion of production and the establishment of new companies.

13.5 billion yuan marches into the “lithium capital of Asia”

On the evening of September 13th, CATL announced that it plans to invest in the construction of a new lithium battery production and manufacturing base (Yichun) project in Yichun, Jiangxi Province. The total investment of the project will not exceed 13.5 billion yuan, and the funding source will be self-raised by the company.

CATL emphasizes that the investment in the construction of a production base conforms to the company’s strategic development plan, will further improve the company’s output layout, meet the company’s future business development and market expansion needs, and is of great significance to promoting the company’s long-term and stable development.

According to the previously signed strategic agreement, in addition to building a CATL battery production and manufacturing base, CATL will also build a corresponding upstream material production base such as lithium carbonate in Yichun.

This is precisely the key reason why CATL chose to settle in Yichun. Yichun is known as the “lithium capital of Asia” and has the world’s largest lithium mica mine. The reserves of lithium oxide are up to 5 million tons of lithium carbonate, and the mining output of lithium oxide accounts for 31% of the country and 12% of the world. Investing in Yichun can facilitate the acquisition of lithium resources upstream of CATL, reducing production and transportation costs.

Yichun City is also committed to building a lithium battery new energy industry cluster, and currently has formed a relatively complete industrial chain, covering various links such as lithium resource mining, smelting, deep processing, key materials and spare parts for lithium batteries, lithium batteries, green and efficient energy storage batteries, and new energy vehicles. This CATL investment project will also be the project with the largest total investment and the largest one-time fixed investment in Yichun.

Power drive motor market

On the same day, CATL also announced another announcement, proposing to jointly invest with Shanghai Shida, Suzhou Xinyue and Jiang Yong to establish “Suzhou Times Xinyan Energy Technology Co., Ltd. (in preparation)”, focusing on electric vehicle drive control systems.

The registered capital of the joint venture company is 2.5 billion yuan, of which CATL contributes 1.35 billion yuan, with a shareholding of 54%. Suzhou Xinyue, Shanghai Shida, and Jiang Yong respectively hold 36%, 10%, and 0.05% shares. Jiang Yong is the general manager of the joint venture company.

As one of the actual controllers of the company, Vice Chairman Li Ping, holds 90% of the equity of Shanghai Shida and serves as its executive director and general manager, and Li Ping’s spouse Liao Mei holds 10% of its equity. According to relevant regulations, Shanghai Shida is a related legal person of the company, and this joint investment constitutes a related party transaction.

CATL pointed out that the company’s participation in the joint investment can rely on the technical and R&D capabilities of the joint investors Suzhou Xinyue and Jiang Yong in electric vehicle drive control systems, as well as the investment layout of Shanghai Shida in the new energy vehicle industry chain, to provide the joint venture with industrial chain resource support, grasp the development trend of power lithium battery systems, and enhance the competitiveness of power lithium battery products.

Batteries, motors, and motor controllers are known as the three electrical systems of new energy vehicles. Among them, batteries account for about 25% of the vehicle value, and CATL is already the “first brother” of batteries, with a strong influence; Electric motors account for 5-10% of the total vehicle value and have broad market prospects. According to the Oriental Securities report, it is estimated that the total global demand for electric motors will be close to 82 million units in 2030, with a market size of about 200 billion yuan.

It can be seen that CATL has targeted another core technology of new energy vehicles and is making efforts in this field. The establishment of the above-mentioned joint venture company is an important step in its strategic layout of electric vehicle drive control systems.

It is worth noting that earlier on August 12th, CATL also announced a fund raising of 58.2 billion yuan to expand the production of power and energy storage batteries and supplement working capital. In addition to the aforementioned plan, it means that in the past month, CATL has announced that the total amount of expansion projects and investment has reached 73.05 billion yuan.

In addition to significant financing, CATL’s operating revenue and net profit doubled in the first half of this year.

According to the semi-annual report, in the first half of 2021, CATL achieved an operating income of 44.075 billion yuan, up 134.07% year-on-year. The net profit attributable to shareholders of listed companies was 4.484 billion yuan, up 131.45% year-on-year. Compared to the net profit of 1.954 billion yuan in the first quarter, the net profit in the second quarter was 2.53 billion yuan, a year-on-year increase of 129%!

Meanwhile, in first half of the this year, CATL raised a total of the 24.97 billion yuan, with the 4.828 billion yuan invested; The net cash flow from investment activities was 25.127 billion yuan, an increase of 893.99% compared to the same period last year

Obviously, CATL has the money to expand production and invest in a large scale.

Not only CATL, but also as the “lithium capital of Asia”, Yichun has not only attracted CATL, but also introduced Gotion, and its cooperation with Yichun City has become more in-depth and comprehensive as it progresses.

On February 28th, Gotion announced that it would invest 11.5 billion yuan in the construction of a lithium battery new energy industry project in Yichun Economic and Technological Development Zone, including industrialization projects such as lithium carbonate production and lithium battery supporting materials.

On March 24th, Gotion and Yichun Municipal People’s Government signed an investment cooperation agreement. The two parties agreed to jointly invest 100 million yuan to establish Yichun Gotion Mining Co., Ltd. The joint venture is a subsidiary controlled by Gotion, with a shareholding ratio of 51% for Gotion and 49% for Yichun Mining Co., Ltd.

At the same time, both parties also plan to construct the Yichun Lithium Battery Industrial Park project, including the extraction, processing, and application of lithium carbonate resources, and simultaneously promote industrialization projects such as lithium battery research and development and manufacturing, and will build a regional headquarters for the Gotion supply chain.

On August 3rd and 4th, Gotion officially signed contracts with the People’s Government of Yifeng County and the People’s Government of Fengxin County in Yichun City, marking the official launch of the lithium carbonate project invested and constructed by Gotion in Yifeng and Fengxin. The project is fully put into production, with an estimated annual output of 100000 tons of lithium carbonate and an annual output value of over 10 billion yuan.

It is worth mentioning that on the evening of September 13th, Jiangte Electric announced that the company and Gotion signed a Strategic Cooperation Framework Agreement in Yichun, Jiangxi Province, intending to cooperate in the field of battery grade lithium carbonate.

Jiangte Electric Co., Ltd. promises to supply no less than 500 tons of battery grade lithium carbonate to Gotion at the negotiated price per month, if the production capacity allows; After the cooperation between the two parties is stable, we will specifically discuss increasing the supply of battery grade lithium carbonate.

If it is estimated that 1 GWh corresponds to 500 tons of battery grade lithium carbonate, it means that Jiangte Electric Co., Ltd. will at least meet the lithium carbonate required for the annual production of about 12 GWh of Gotion.

It is reported that Jiangte Electric owns 2 mining rights and 5 exploration rights for lithium porcelain ore in Yichun area, with a total lithium ore resource held or controlled of over 100 million tons. Currently, it has three production lines for the preparation of lithium carbonate from lepidolite and spodumene, with an annual output of over 30000 tons. It is also constructing a lithium hydroxide production line with an annual output of 10000 tons and a lithium carbonate production line with an annual output of 5000 tons through spodumene.

At same time, Jiangte Electric has an annual output of the lithium salt exceeding 30000 tons, with the a prospective output of the 50000 tons.

The successive layout of Gotion and CATL in Yichun, on the one hand, indicates that as a lithium battery company, there is a certain “tacit understanding” between the two in the selection of supply chain; On the other hand, it indicates that the strong layout of the supply chain has become a consensus among power lithium battery companies, and the future market will further test the battery company’s industrial chain scheduling and coordination capabilities.