After the market share of lithium iron phosphate battery continues to decline, can it regain the upper hand?

by:CTECHi     2021-07-26

For three consecutive years, China has been the world's largest country in the production and sales of new energy vehicles. Behind this, China's power battery industry market has also performed very well, but there are also joys and sorrows. It once occupied the sales champion of the power battery market. The lithium iron phosphate battery of China has retreated to second place, and its market share is still declining. So, with the decline of government subsidies for new energy and changes in the electric vehicle market, can lithium iron phosphate batteries still achieve a counterattack? Once the market majority, can the current market minority regain the market majority? Can lithium iron phosphate batteries, whose market share is declining, regain the upper hand?

First of all, in terms of the market share of power batteries, currently, there are three main types of power batteries used in new energy electric vehicles, namely titanic acid batteries, ternary lithium batteries and Lithium iron phosphate batteries and lead-acid batteries used in some mini-vehicles are not included. Among them, high-end cars such as Tesla use titanic acid batteries, which have a low market share, and ternary lithium batteries and lithium phosphate batteries are firmly occupied Most of the market share, among them, the market share of ternary lithium batteries is higher than that of lithium iron phosphate batteries.

Secondly speaking from the performance of lithium iron phosphate batteries. Lithium iron phosphate battery, as the market majority in the past, is mainly due to its high safety performance, especially in high temperature conditions, safety and stability, high current fast charge and fast discharge, and long cycle life without memory effect. , And most importantly, the cost of lithium iron phosphate batteries is lower than that of ternary lithium batteries.

Why does the lithium iron phosphate battery have so many advantages and will be driven off the throne of market share? That is because it has a fatal disadvantage: low energy density and poor conductivity. Especially with the excessive pursuit of energy density in the domestic new energy electric vehicle industry and the one-sided pursuit of cruising range, the market share of lithium iron phosphate batteries has continued to decline, and they have finally been driven out of the market.

In general, with the frequent occurrence of safety accidents of vehicles equipped with ternary lithium batteries, after the end of the national financial subsidy policy, the market share of lithium iron phosphate batteries has stopped. In response to the downward trend, whether a counterattack can be achieved or not, the majority of the market needs to be selected by new energy electric vehicle companies.

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