In recent years, the promotion of electric vehicles has greatly increased the demand for lithium-ion batteries. At the same time, battery companies continue to expand production capacity, and the market demand for raw materials such as lithium and nickel has suddenly increased. However, on the supply side, nickel, cobalt, lithium and other mineral resources are limited, the development cycle is long, the production capacity release rate is far less than the growth rate of downstream demand, and the market supply is relatively tight. Exacerbating tight supply and demand, driving up raw material prices.

　　The tight supply and demand of nickel, cobalt, and lithium, as well as skyrocketing prices, directly drive up downstream costs. New energy vehicles and power batteries have raised their prices, which is not conducive to industrial development in the long run. Therefore, relevant companies are constantly looking for alternative cathode materials, such as manganese.

　　Musk said Tesla sees potential in manganese-based cathodes in battery chemistry, according to electrek. "I think manganese has potential." Musk said Tesla has been exploring the use of more manganese in batteries. But this does not mean that lithium iron phosphate batteries and high nickel batteries will be abandoned.

　　Musk publicly stated: "On a very large scale of production, we end up needing tens of millions or even hundreds of millions of tons of raw materials." Musk believes that the materials used to mass-produce these batteries must be ordinary materials, otherwise they cannot be scaled. He also believes that for a long time in the future, Tesla will focus on nickel-based products for long-range vehicles and lithium iron phosphate batteries for short-range vehicles.

　　Tesla already uses manganese for the Powerwall, and Nissan also uses manganese-rich cathodes in the Leaf's original batteries. It is understood that the energy density of manganese-rich batteries is higher than that of lithium iron phosphate batteries, and its potential price is lower than that of nickel-rich batteries.

　　In addition, subject to upstream raw materials and energy density, the global race around lithium battery alternatives has begun. In July last year, CATL released a sodium-ion battery, which has the highest energy density and ultra-fast charging characteristics in the world. In the same year, India's Saturnose announced that they had successfully developed an aluminum-ion battery. The joint research team formed is accelerating the development of magnesium and zinc batteries.

　　As a manufacturer with nearly two decades of experience in the customized lithium battery industry, SES Power believes that lithium-ion batteries will not be replaced for at least the next 20-30 years. Although "substitutes" for lithium batteries seem to emerge in an endless stream, their development is not mature, there are still many problems in technology and materials, and large-scale applications cannot be talked about in a short period of time. With the continuous advancement of technology, there is a large development space for lithium batteries. For example, we use 12V100Ah, 24V100Ah, 36V100Ah, 48V100Ah, 3KW, 5KW home energy storage systems, rack-mounted energy storage systems and other products of square aluminum shell lithium iron phosphate batteries from EVE, CATL, BYD, etc. They are welcomed by customers because It can directly replace the status of lead-acid batteries. Of course, some customers are very concerned about the price, and we have also launched a very competitive lithium iron phosphate battery.