Is the "strongest king" in the field of lithium battery ternary or lithium iron phosphate?

The application and promotion of electrochemical batteries have changed the current industrial pattern. Among them, lithium batteries have developed rapidly in the field of power and energy storage. At present, the debate on the priority of the two popular lithium batteries, "lithium iron phosphate battery" and "ternary lithium battery", has never stopped. This year, the two are pushed to the forefront again.

Is the "strongest king" in the field of lithium battery ternary or lithium iron phosphate?

Lithium iron phosphate battery and ternary lithium battery "compete"

In the field of new energy vehicles, pure electric vehicles occupy the C position, while in the power batteries of pure electric vehicles, ternary lithium batteries dominate, followed by lithium iron phosphate batteries. In fact, in 2015, the installed capacity ratio of ternary and lithium iron phosphate was about 3:7, and the time when ternary overtook lithium iron phosphate was just in the past 2018. The main reason is that the increasingly prominent endurance of ternary batteries meets the requirements of policy subsidies to meet the travel needs of citizens farther away.

This does not mean that lithium iron phosphate has no market in the field of power batteries. In January, BYD said that its passenger cars would be equipped with ternary batteries, while its buses would continue to use lithium iron phosphate batteries. It can be seen that, based on safety and stability, lithium iron phosphate will be more widely used in public transport, logistics and transportation industries in the field of power batteries.

However, lithium iron phosphate batteries are not limited to this. Some insiders speculate that while the new energy subsidy is about to be significantly reduced, the policy is likely not to implement new regulations on the endurance of power batteries, and the qualified lithium iron phosphate battery companies that have reached the endurance requirements will again seize part of the automobile market.

In addition to the power battery field, the rise of the energy storage market also gives lithium batteries a better way out. Large or small energy storage projects require not only large capacity of lithium battery, but also safety, stability and long service life. It can be seen that the characteristics of lithium iron phosphate battery are more consistent with the application of energy storage industry.

Under such conditions, the "confrontation" between the ternary lithium battery and the lithium iron phosphate battery will still be the mainstream of the lithium battery market in the future, and the "strongest king" cannot be easily determined at present.