In 2020, China will follow the pace closely. As the energy density development of lithium batteries gradually reaches the upper limit, state subsidies are gradually ebbing. Under the background of marketization and continuous progress in iron phosphate battery technology, lithium iron phosphate batteries have re-emerged.

     In May 2021, the domestic production of lithium iron phosphate batteries achieved a surpassing of ternary lithium batteries: that month, the output of lithium iron phosphate batteries was 8.8GWh, accounting for 63.6% of the total output; the output of ternary batteries was 5.0GWh, accounting for 36.2 of the total output. %. This is the first time that the output of lithium iron phosphate batteries exceeds that of ternary batteries in a single month in the past three years.

     In May 2021, the domestic production of lithium iron phosphate batteries achieved a surpassing of ternary lithium batteries: that month, the output of lithium iron phosphate batteries was 8.8GWh, accounting for 63.6% of the total output; the output of ternary batteries was 5.0GWh, accounting for 36.2 of the total output. %. This is the first time that the output of lithium iron phosphate batteries exceeds that of ternary batteries in a single month in the past three years.