GGII: China's three-yuan cathode material shipments in 2022 was 640000 tons

According to the data of the lithium battery research institute (GGII), China's shipments of ternary materials reached 640000 tons in 2022, up 47% year on year. The market growth is mainly driven by the growth of domestic ternary power batteries and the demand for overseas exports.
From the perspective of product structure, in 2022, the proportion of materials with ternary 8 series and above will rise to the first place, accounting for more than 40%, and the market share of materials with ternary 5 series and below will fall to less than 40%.
From the perspective of market concentration, compared with other lithium battery materials, the market concentration of ternary cathode materials is relatively low. In 2022, the market share of China's ternary cathode materials TOP5 and TOP8 increased by 8.6 and 9.1 percentage points year-on-year.
From the perspective of price trend, the price of ternary materials will rise in 2022, mainly due to the rising cost of raw materials. The price of lithium salt will rise by more than 80% year on year, the price will exceed 500000 yuan/ton, and the cost of ternary materials will exceed 300000 yuan/ton.