Boom degree differentiation, the rise of new energy

2.4 Phosphorus chemical: Relying on the advantages of integration, open the second growth curve of new energy materials

Relying on the integrated cost advantage, phosphorus chemical has entered into new energy materials. The prosperity of the main products of phosphorus chemical industry continues to rise, and the traditional business demand such as phosphate fertilizer is relatively rigid, and the profit has achieved substantial growth, which is a solid shield for the development of the company. In 2021, the explosive growth of new energy vehicles, the annual global sales of new energy vehicles as high as 6.75 million, an increase of 108%, the penetration rate reached 8.3%, 4.1 percentage points higher than 20 years.