Do-Fluoride Chemicals to cut investment into LiPF6 project to RMB100 million
2023-03-24 15:19:01 [Print]
Recently in communication with investors, Do-Fluoride Chemicals revealed that currently there are as many as 48 LiPF6 producers in China; competition among suppliers is so fierce that only one or two producers are expected to be profitable in the future. Compared with first-generation LiPF6 products into which Do-Fluoride Chemicals invested RMB4 billion (USD584 million) per 10 thousand tonnes, the fourth-generation LiPF6 project has an investment decreasing to RMB180 million (USD26.28 million) per 10 thousand tonnes, and the company aims to cut investment per 10 thousand tonnes in the fifth-generation products to RMB100 million (USD14.60 million). By lowering investment continuously, the company hopes to enhance its competitive advantages. Do-Fluoride Chemicals expects to achieve a share of 35% in the global LiPF6 market by 2025.
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