Lithium batteries are the power core of new energy vehicles and energy storage systems. Currently ternary lithium is still the mainstream, but from the perspective of the overall shipment proportion of lithium batteries in March 2021, ternary lithium accounts for 45%, while lithium iron phosphate batteries account for 53%, completing the first surpass.

　　Is lithium iron phosphate battery the mainstream of the future market? We look at this issue from the following points.

　　1. The birth of lithium batteries is not long, and there is still a lot of room for improvement in technology and products. Therefore, the main factor for lithium iron phosphate batteries is the cycle life of up to 4000 weeks. The lithium battery of the ternary system is only The cycle life is about 1000 weeks.

　　2. The cost of lithium iron phosphate batteries is about 20% lower than that of ternary lithium. The raw materials required for production are easier to obtain, and the output is larger, which directly forms the cost and price advantage.

　　3. The safety of lithium iron phosphate batteries is a core factor considered by many automobile manufacturers and energy storage system solution providers.

　　Generally speaking, in the next market environment, the long-term coexistence of ternary lithium batteries and lithium iron phosphate batteries may coexist for a period of time, but as the technology continues to mature, excellent safety performance and considerable cost advantages, Lithium iron phosphate battery is bound to become the mainstream of the future markets!

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect substitute for lead-acid batteries and are the first choice in the energy storage industry.