The outlook for Likai-KY's two major businesses this year is optimistic.

On the left of the picture is Lin Xiangbin, deputy general manager of Likai Electric.

(Information photo, provided by the operator)

[Reporter Ou Yuxiang/Report from Taipei] The global demand for lithium iron phosphate continues to grow explosively, which is conducive to the development of the supply chain.

Likai-KY (5227), a supplier of phosphoric acid lithium battery materials and intellectual property, said that although China has won about 90% of the global supply chain through state subsidies and mass production, the United States continues to de-Sinochem, and Europe, the United States, and Australia are encouraging Localized production, coupled with the investment of electric vehicle manufacturers in the research and development of lithium iron phosphate batteries, is conducive to the development of Likai Electric's mass production and intellectual property licensing.

Mass production customers continue to develop, and intellectual property licensing will increase 4 to 5 customers this year.

According to industry estimates, the global demand for lithium iron phosphate will reach 7.5 million tons in 2030, and China is expected to supply about 40% of the demand. Europe, the United States and Australia continue to promote localized production and de-sinification. Likai’s two businesses are aimed at The non-Chinese market layout is expected to benefit from business opportunities.

In addition, Tesla first used lithium iron phosphate batteries in its MODEL Y/3 series electric vehicles, driving various electric vehicle manufacturers to develop lithium iron phosphate batteries.

With the continuous development of electric vehicles and energy storage demand, the production and technical demand of lithium iron phosphate continue to increase.

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According to Likai Electric’s recent announcement, there are a total of 39 effective customers, and the terminal applications cover energy storage, electric vehicles, electric trucks and solid-state batteries, and most of the customers are internationally renowned companies throughout Europe and the United States.

Likai explained that the annual production capacity of its mass production business is about 2,500 tons. However, due to the conservative lithium iron phosphate market, long product life cycle, and completely customized development, customers are long-term operators, and the customer development of mass production business will not Stop, with Likai's transformation into an intellectual property supplier, in the future, customers can also be matched with technical transfer factories, and will also aim at the business opportunities of semi-solid batteries, and continue to invest in research and development and mass production.

Regarding Likai Electric’s intellectual property licensing business, Likai Electric also pointed out that it has officially signed a contract with FREYR, a major European lithium battery manufacturer, and has put into construction a factory in Norway. It is estimated to be completed in one to one and a half years, and will be charged according to its output Mass production royalties.

Australia and North America also have authorized partners, and the first phase of the memorandum of cooperation has been signed. This year, the intellectual property authorization target will increase by 4 to 5 customers.

At present, the two major businesses are moving forward on two axes, and the transformation is continuous. Last year, Likai Electric’s annual revenue was 708 million yuan, and its revenue in December was 153 million yuan, setting a new high record. Among them, the one-time royalty income accounted for about 11%, and the others were all is product sales revenue.

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