Lithium Iron Phosphate Battery Impacts The Dominant Position Of Ternary Lithium

Recently, it has been reported that NIO will upgrade the existing 70kWh ternary battery pack. The new battery pack uses lithium iron phosphate batteries, or over 75kWh, which is planned to be released in the fourth quarter of this year; Tesla CEO Musk said in February , Tesla will replace some of the ternary lithium batteries of electric vehicles with lithium iron phosphate batteries... Currently, the lithium batteries equipped with electric vehicles are mainly lithium iron phosphate batteries and ternary lithium batteries, of which the ternary lithium battery market occupies The rate is high. However, various signs on the market recently indicate that the lithium iron phosphate battery market has begun to pick up, impacting the dominant position of ternary lithium batteries.

Car companies turn to lithium iron phosphate batteries

At present, in the electric vehicle power battery market, although the share of ternary lithium batteries is large, the installed capacity has begun to decline, and the share of lithium iron phosphate batteries is rapidly increasing.

It is understood that since this year, many car companies, including new forces and traditional car companies, have turned to lithium iron phosphate batteries. It is worth mentioning that the Ningde era, which relied on ternary lithium batteries to defeat lithium iron phosphate battery companies and become the "overlord" of the power battery market, also recently revealed that it will gradually increase the proportion of lithium iron phosphate battery production capacity in the next 3-4 years.