Lithium iron phosphate is currently one of the mainstream technical routes for lithium battery cathode materials. The technology is relatively mature and cost-effective, and it has obvious performance advantages in the field of energy storage. Compared with other lithium batteries such as ternary materials, lithium iron phosphate batteries have excellent cycle performance. The cycle life of energy type lithium iron phosphate batteries can reach up to 3000-4000 times, and the cycle life of rate type lithium iron phosphate batteries can even reach tens of thousands.
The advantages of safety, long life and low cost make lithium iron phosphate batteries have significant competitive advantages. Lithium iron phosphate can still maintain a relatively stable structure at high temperatures, which is far superior to other cathode materials in safety and stability, and meets the current stringent requirements for safety in the field of large-scale energy storage. Although the energy density of lithium iron phosphate is lower than that of ternary material batteries, its relatively low cost advantage is more prominent.
Cathode materials follow the demand and plan a large number of production capacity, and it is expected that the demand in the field of energy storage will start to grow rapidly. Benefiting from the leapfrog development of the downstream new energy industry, global shipments of lithium iron phosphate batteries will reach 172.1GWh in 2021, a year-on-year increase of 220%.
Post time: Feb-20-2023