The leader of new energy vehicles is Tesla. The reality is that Tesla is increasingly using lithium iron phosphate batteries. In January and February of this year, Tesla CEO Musk has repeatedly stated publicly that Tesla will replace the ternary lithium batteries of some electric vehicles with lithium iron phosphate batteries. On July 27th, Tesla held a 2021 second quarter earnings conference call. Musk revealed in the conference call that Tesla will change the battery composition, similar to the use of 2/3 iron phosphate batteries and 1/ 3 nickel batteries. On August 21, news broke from Twitter that starting from October 1, 2021, the Model 3/Y standard battery life version produced by Tesla's Fremont plant in California, USA, will use lithium iron phosphate batteries from China. In addition to Tesla, the technology giant Apple, which plans to launch electric vehicles in 2024, also announced with great fanfare that it will use lithium iron phosphate batteries, saying this is out of safety considerations. Domestic companies are more accepting of lithium iron phosphate batteries. According to statistics, even in the field of new energy passenger vehicles, the penetration rate of domestic lithium iron phosphate batteries has reached 30%. BYD, which will be equipped with blade batteries for all models, does not need Said that Xiaopeng, Weilai and other car companies have also used or will soon use lithium iron phosphate batteries.