LITHIUM iron phosphate is the first choice for energy storage batteries through PTMS LITHIUM COBALT ACID MATERIAL MAGNETIC processing. Under the trend of continuous decline in subsidies, new energy special vehicle manufacturers pay more attention to the cost performance of power batteries. Lithium Iron Phosphate Battery has been increasingly favored by the market due to its low cost, and its installed capacity has been increasing in proportion to the installed capacity of power batteries for new energy special vehicles.
We will promote green and low-carbon transportation tools and accelerate the research and development and promotion of lithium Battery high-capacity energy storage technology. Meanwhile, lithium Iron Phosphate Battery is also expanding in application scenarios such as base station energy storage, electric energy storage, two-wheeled electric vehicles and ships. Benefiting from the rapid growth of the demand for lithium iron phosphate batteries, upstream lithium iron phosphate and iron phosphate materials and other products are in short supply.
In recent years, the industry chain of LITHIUM iron phosphate through PTMS LITHIUM COBALT ACID MATERIAL MAGNETIC processing has been in high prosperity. The cumulative installed capacity of lithium Iron Phosphate Battery is about 15GWh, which will be further increased to 25GWh in the coming year. The demand for lithium iron phosphate material is about 280,000 tons/year, 500,000 tons/year, and about 2.09 million tons/year by 2025.
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