Article first release challenge Honeycomb Energy took the initiative to withdraw the IPO application before, which cannot be said that there is a problem with its decision. According to the current IPO status, the lithium battery industry is basically losing money in the whole industry, and the loss will be even greater this year. The financial data of the IPO application will be very ugly, and it is expected that the CSRC will not approve it, and shareholders will not agree to it. Because obviously it is difficult to return investors in the short term. The market outlook also does not see any possibility of profitability, so it is a good place to withdraw the application and apply in the United States. If Hive really goes to the United States, it will also be a bad breath for Chinese stockholders!
Returning to Hive's self-built iron-lithium and electrolyte factory, I think it is inappropriate to consider: 1) Iron-lithium cathode materials: There are many market players, and many people expected that iron-lithium materials would become a commodity two years ago. Commodities mean just like clothes, every business needs workwear, so do you need to build a garment factory?There's no need for that!If you are in order to ensure the supply of phosphorus sources, it is a win-win situation to cooperate with phosphorus chemical companies in iron phosphate and lithium iron. It is clear that companies with phosphate rock will win because phosphorus accounts for a large proportion of the cost. 2) Electrolyte: This product is much more complex, because there are too many formula problems to consider, and it will invest a lot of manpower and material resources to do it yourself. Among them, the key 6F should be externally mined, and people will protect the capital at most. For example, Tianci Materials sells electrolyte to you, and it may only need 6F of manufacturing cost, and it is enough to make a profit on the end product. Its own factories are limited by their own battery output, and it is difficult to form a scale effect.
As a battery manufacturer, we should focus on technology iteration, rather than considering the profit of eating all raw materials. Now that you're losing money in the iron-lithium market, what's the point of investing billions?There is simply no chance of recovering costs. Fortunately, such a company is not listed!