Lithium iron phosphate battery has long cycle life, excellent safety performance, better high temperature performance, and competitive price, making it the most promising battery. It will become the main replacement for lead-acid batteries in the next 5 years, and the first choice for the main starting power supply, UPS power supply and backup power supply.

　　Analysis of the advantages of lithium iron phosphate battery industry

　　1. The lithium iron phosphate industry is in line with the guidance of various governments' industrial policies, and all countries place the development of energy storage batteries and power batteries at the level of national strategy.

　　2. The iron-lithium battery represents the future development direction of the battery. As the technology matures, it may even become the cheapest power and energy storage battery.

　　3. The market pie of the lithium iron phosphate industry is beyond imagination. After a breakthrough in the replacement of lead-acid batteries, there will be a market demand of more than 500 billion U.S. dollars.

　　4. Lithium iron phosphate battery has a wide range of applications because of its high safety, cost-effective, and ideal voltage platform to replace lead-acid batteries.

　　Analysis of the disadvantages of lithium iron phosphate battery industry

　　1. Although lithium iron phosphate batteries have been applied to the markets of power tools, electric toys, miner's lamps, UPS, electric bicycles, etc., the market share is not high, mainly because the current price is competitive.

　　2. The lithium iron phosphate raw material industry is in a state of great development, the division of labor is not clear, and the upstream and downstream connections are not smooth.

　　Lithium iron phosphate battery is a high-tech industry. Most lithium iron phosphate battery companies do not have enough investment in the research and development of their peripheral supporting products, resulting in the failure of lithium iron phosphate batteries to keep up with the real needs of end customers in time.