How big is the market for lithium iron batteries?

The use of iron-lithium batteries mainly includes the use of the new energy automobile industry, the use of the energy storage market, and the use of starting power sources. In 2015-2016, the market share of lithium iron phosphate batteries in the field of new energy was as high as about 70%, but as the national new energy vehicle subsidies gradually tilted towards products with high energy density and high mileage, the market share of lithium iron batteries gradually declined . There are clear signs of recovery in the lithium iron phosphate industry in 2019, with a total of 246 models, of which 169 models are equipped with lithium iron phosphate batteries, accounting for 69%. In 2019, my country's annual installed capacity of lithium iron phosphate power lithium-ion batteries is 20.8GWh. Benefiting from the cost reduction and competitiveness enhancement brought by lithium iron batteries, it is expected that the market share of lithium iron phosphate will rise sharply in 2020. It is expected that the lithium iron phosphate battery market will reach 21 billion in 2020, an increase of 7.5% year-on-year, and reach 26 billion in 2021, an increase of 24% year-on-year, reversing the continued decline in the past. In fact, in addition to the current use of lithium iron phosphate batteries in low-end entry-level new energy vehicles, as the scale further increases, the cost is further reduced, and in the future, it may be more used in the field of chemical energy storage and two rounds. /Three-wheel low-speed electric vehicle category, and engineering machinery category that requires relatively low cruising range and volume. In the 331th batch of 'Notices on Road Motor Vehicle Processing Companies and Products' announced by the Ministry of Industry and Information Technology in April 2020, a total of 306 new energy vehicles were declared, of which vehicles using lithium iron phosphate batteries accounted for 78%. The country attaches great importance to the safety of power lithium-ion batteries, coupled with the company’s performance optimization of lithium iron phosphate batteries, the future development of lithium iron phosphate batteries will be unlimited. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete.