Industry demand for lithium iron phosphate batteries

The energy density of the current lithium iron phosphate battery system can reach 140Wh/Kg, and the cost is 10% to 15% cheaper than that of the ternary battery. The low-end models can obtain a cost saving of 0.3 to 6 thousand yuan by replacing the lithium iron phosphate battery. Regardless of performance or price, lithium iron phosphate batteries have a certain appeal. In 2019, with the decline of state subsidies exceeding expectations, the cost side of new energy vehicle processors is under pressure. The data shows that the market price of lithium iron phosphate battery cells fell below 0.7 yuan/Wh in 2019, while the price of ternary battery cells was around 0.9 yuan/Wh. It is obvious that the price of lithium iron phosphate batteries is lower, and The gap between the two began to widen. Since the upper limit of the energy density of lithium iron phosphate batteries is not high, it will restrict the development of lithium iron phosphate batteries. The ternary cathode material has a higher specific capacity and uniform voltage, which can further increase the energy density of the battery. Among the current mature technologies, only ternary batteries can meet the energy density of 260Wh/kg in 2020, so ternary battery technology The route is currently the best choice, and the battery company will also accelerate the layout of the ternary system battery. As a new type of high-energy lithium battery cathode active material and electronic material products, lithium iron phosphate has a broad future with the development of the battery industry and the electronics industry. In the next two to three years, the market demand for lithium iron phosphate will reach more than 50,000 tons, especially in the use of power batteries, the demand for lithium iron phosphate will increase significantly. Disclaimer: Some pictures and content of the articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous post: Overview of the characteristics of polymer lithium batteries