Lithium Iron Phosphate Battery Warm And Cold, How To Choose New Energy Vehicles

- Nov 11, 2019-

Lithium iron phosphate battery "warm and cold", how to choose new energy vehicles? For new energy vehicles, the choice of batteries should be selected from the aspects of driving safety, cruising range, cost, etc. It is most important for them. The cost and safety advantages of lithium iron phosphate batteries are gradually becoming prominent. A number of OEMs have confirmed that they will start switching lithium iron phosphate batteries on some passenger cars.

Lithium iron phosphate battery "warm and cold"

This year, lithium iron phosphate battery is a year of mixed pains and opportunities, and it is also a year of inflection point. The development of lithium iron phosphate battery this year, lithium iron phosphate is like a warrior who is about to go out, and the horse is arrogant. The market for lithium iron phosphate batteries is still “warm and cold”.

On the news front, with the subsidy policy deviating from the high energy density track, in the 1-19 batch recommendation catalogue in 2019, the proportion of supporting models of lithium iron phosphate batteries continued to rise, and the seventh batch of supporting proportions accounted for up to 71.71%. At the same time, some hot-selling models began to turn to lithium iron phosphate batteries; the demand for market segments such as ships, base stations, 48V, and bicycles began to increase, and it also gave lithium iron phosphate a larger market imagination.

The reality is that according to the data, the installed capacity of new energy vehicles' power batteries from January to September was 42.31GWh, a year-on-year increase of 47%. Among them, lithium iron phosphate power battery installed capacity of 11.84GWh, an increase of 9%, accounting for 27.98% of the total installed capacity, compared with the same period last year, the proportion decreased by 9.88%. In contrast, the ternary power battery, the installed capacity reached 27.61GWh, an increase of 67%, accounting for 65.25% of the total installed capacity, an increase of 7.80% over the same period last year. This means that the growth of lithium iron phosphate batteries in the power sector is still insufficient, mainly because the proportion of applications in the passenger vehicle market is still small.

Due to the lack of sales incentives in the new energy vehicle market, the overall new energy market should not have a large-scale "tail-hook effect". Therefore, the market rebound of lithium iron phosphate batteries in the field of power batteries is still not too great. In addition, the market segments such as ships, base stations, 48V, and bicycles are large, but they are still in the primary development stage or in the early stage of replacement/infiltration of the stock market. The demand for lithium iron phosphate batteries has not yet reached a large scale.

The trend of the giant has always been the vane of the entire industry, especially in the field of power batteries with a high concentration in the market. The time node of the card subsidy declining, around the cost, technology, capacity, market deployment, battery / material giants in the field of lithium iron phosphate has been the first step. In terms of technology, including the Ningde era, BYD, Guoxuan Hi-Tech and other head battery companies, this year has a qualitative breakthrough in lithium iron phosphate battery technology.

This year, the power battery giant focused on the technical route of lithium iron phosphate battery, which is ultimately based on the cost advantage of lithium iron phosphate and its application matching for specific needs.

How to choose new energy vehicles?

Affected by the subsidy policy for new energy vehicles, the current new energy logistics vehicle market is sluggish. In order to reduce costs, more lithium battery manufacturers have chosen a lower-priced lithium iron phosphate battery, which has led to a “contrarian growth” trend in the lithium iron phosphate market.

In terms of cost, the lithium iron phosphate battery is around 0.5 yuan/Wh, and the ternary lithium battery is around 0.7 yuan/Wh. Although the cost advantage is not obvious, at present, the cost of lithium iron phosphate battery is generally lower than that of the ternary lithium battery. This is very attractive for those models that are more sensitive to cost changes, and the future new energy subsidies. After the complete disappearance, the cost advantage of lithium iron phosphate may be more prominent, when the lithium iron phosphate battery should be further expanded. Due to the gradual maturity of battery technology, the cost of ternary lithium batteries is also gradually decreasing. Which economy is better is now difficult to see.

The choice of the battery for the car company should be selected from the aspects of driving safety, cruising range, cost, etc., which is most important for you. The choice between the ternary lithium battery and the lithium iron phosphate battery is the soul torture that every new energy vehicle enterprise will face.

Lithium battery manufacturers have also seized the low-cost, high-performance characteristics of lithium iron phosphate, and continuously upgraded and upgraded lithium iron phosphate battery technology to meet the national requirements for new energy special vehicles, obtain national policy support, and strive to avoid being The market is eliminated.
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