Tianqi Lithium is one of the world's leading producers of lithium products, which are used in the production of batteries for electric vehicles and other applications. The company has several competitive advantages that differentiate it from its peers -

1. Large-scale production - Tianqi Lithium has one of the largest lithium production facilities in the world, with a capacity of 48,000 tonnes per year. This allows the company to produce lithium products at a lower cost than many of its competitors.

2. Vertical integration - Tianqi Lithium is vertically integrated, meaning that it controls the entire supply chain from mining to processing to production. This allows the company to have greater control over the quality and consistency of its products.

3. High-quality products - Tianqi Lithium's products are known for their high quality and purity, which is important for customers in the battery industry who require consistent and reliable materials.

4. Strategic partnerships - Tianqi Lithium has formed strategic partnerships with major players in the battery industry, such as Tesla and LG Chem. These partnerships provide the company with a reliable customer base and help to ensure long-term demand for its products.

Overall, Tianqi Lithium's large-scale production, vertical integration, high-quality products, and strategic partnerships give it a competitive edge in the lithium industry.