How to reduce the cost of high-priced lithium iron phosphate batteries

The high price has always hindered the large-scale use of lithium iron phosphate batteries. In the face of further upgrades of other battery technologies, the original performance advantages of lithium iron phosphate batteries are gradually being lost. According to analysis, the current cycle life of lead-carbon batteries processed in energy storage projects can reach 2000 times, and the price of lead-carbon batteries used in the energy storage market is about 1.5 yuan/Wh. Regardless of whether the data is prepared or not, it will give us an alert. How to reduce the cost of lithium iron phosphate batteries and improve the cost performance is our current top priority. The once-famous lithium iron phosphate battery has gradually become a minority in the power lithium-ion battery market. Data show that the market share of lithium iron phosphate batteries fell to less than 40% in the first three quarters of this year; in 2016, it accounted for more than 70%. Due to severe overproduction, the price of lithium iron phosphate materials has dropped by about 30% year-on-year since the beginning of this year. Since the beginning of this year, the price of lithium iron phosphate batteries has plummeted by 20% to 30%. On the one hand, upstream material prices have soared, and on the other hand, downstream car companies have strongly demanded price cuts. Battery companies are caught in the middle, under pressure on both ends, facing the dual pressures of the market and cost. Under this circumstance, if lithium iron phosphate battery manufacturers want to stay on the high ground, the most important thing is to master the core technology, do a good job and strengthen the product quality, in order to reduce costs and improve the company's profitability, otherwise it will be eliminated. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete.