[LOPAL TECH]China's first overseas lithium iron phosphate factory successfully shipped
Release time:
2025-01-04
On January 4, China's first overseas lithium iron phosphate factory, LBM Indonesian production base officially welcomed the first batch of successful shipments of products, achieving a major breakthrough in the global layout of China's new energy companies and bringing new vitality and changes to the global new energy industry chain.
Since announcing the establishment of a lithium iron phosphate production base in Indonesia in November 2021, LBM has shouldered the mission of becoming the "vanguard" of China's lithium iron phosphate cathode material industry. The total planned construction capacity of the Indonesian production base is as high as 120,000 tons. The first phase of the annual production capacity of 30,000 tons has been completed, and the second phase of the production line of 90,000 tons is also ready to go, demonstrating LBM's strong strength and firm determination in the field of new energy.
It is particularly worth mentioning that LBM（AP）, the operating company of the Indonesian production base, officially signed a contract with the Indonesian Investment Authority (INA) in December 2024 and will receive US$200 million in investment from Indonesian sovereign wealth funds and co-investors. This move not only demonstrates the Indonesian government's high recognition and support for LBM, but also injects strong impetus into LBM's future global business expansion.
Against the background of the vigorous development of the global new energy market, lithium iron phosphate batteries have become the "favourite" of the market due to their excellent safety performance, long life and low cost advantages.According to the forecast of the authoritative organization Starting Point Research Institute (SPIR), by 2030, the global lithium battery market demand will exceed the 5100GWh mark, of which the demand for lithium iron phosphate batteries is expected to account for half of the country, reaching more than 3000GWh. Based on the 2200 tons of lithium iron phosphate materials required to produce 1GWh lithium iron phosphate batteries, by 2030, the global market demand for lithium iron phosphate materials will exceed 6.6 million tons. The successful shipment of the LBM Indonesian production base will undoubtedly play a pivotal role in meeting the huge demand for lithium iron phosphate cathode materials in the international market and provide strong support for the supply guarantee of the global new energy vehicle industry chain.
The successful shipment of the Indonesian production base is a solid step for LBM to move towards globalization. It is also an important practice of China's new energy companies '"going global" strategy. China's new energy industry has vividly demonstrated its strength and responsibility on the global stage. LBM will continue to practice the core values of "Doing it first globally", strive to become a global leader in the field of lithium battery cathode materials, and contribute China wisdom and China strength to promote the sustainable development of the global new energy industry.
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2025-02-20
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