Consensus on the transition to high-nickel material technology lithium battery industry

　　In a short period of time, the trend of rising cobalt prices is difficult to reverse, and it has gradually become the consensus of the entire industry to transform the technology direction of high-nickel materials from the material route.

　　Along with the continuous rise of cobalt prices, in the case of limited market supply increase in the total output of cobalt ore, new changes will inevitably occur in the structure of power battery materials.

　　In order to solve the problem of rising costs, power batteries are being promoted to high energy density products. The method of the battery cell factory is to actively apply nickel-manganese-cobalt and nickel-cobalt-aluminum cathode materials to increase the usage of nickel metal, so that the proportion of cobalt metal will gradually decrease.

　　This trend can also be seen from the shipments of cathode material companies.

　　Recently, Dangsheng Technology recently released its annual report. The company's net profit in 2017 was 250 million, a year-on-year increase of 151.97%. According to its announcement, as the positive electrode material benefited from the price increase of upstream cobalt and lithium resources, the price of the positive electrode material increased by 21.7% year-on-year, reaching 9,800 tons.

　　Due to the impact of the increase in cobalt prices, Dangsheng Technology also disclosed in its annual report that in 2017, it will be mainly based on three yuan 532. It is expected that the company's high nickel three yuan shipments in 2017 will be about 1,000 tons, accounting for 10%.

　　As high nickel ternary becomes a trend, Dangsheng Technology stated that the 811 anode will be mass-produced this year. The customer expansion is smooth and the follow-up potential is great.

　　It is understood that Dangsheng Technology Power's ternary cathode material customers basically include the top ten battery manufacturers in China, and several new major customers have been expanded this year. As a leading manufacturer of high nickel ternary cathode materials, its 622 product scale and quality are at the forefront of the industry. Dangsheng Technology also revealed that the company's 811 positive electrode has been mass-produced, and downstream customers are currently in the pilot stage, and it is expected that they will start to contribute revenue in the second half of the year.

　　This also adapts to the current technological changes in lithium batteries. According to previous plans, by 2020, the specific energy of power batteries will reach 300 watt-hours/kg, cycle more than 1,000 times, and the cost will be less than 0.8 yuan/watt-hour. The cathode material corresponding to this goal is high nickel ternary.