What are the characteristics and application scenarios of lithium iron

From the material point of view, lithium iron phosphate battery is the use of lithium iron phosphate (LiFePO4) as the cathode material, with iron as the raw material of the battery, lithium iron phosphate crystal in the P-O bond is very stable, not easy to decompose, even at high temperatures or overcharge will not happen when the structure collapses heat or the formation of strong oxidizing substances, with good safety.

From a structural point of view, the advantages of lithium iron phosphate is: high safety, structural stability, long charge and discharge cycle life, but there are also low energy density, low charge and discharge efficiency, low temperature performance and other problems (I believe no one will put it in the refrigerator to keep it cold🤣).

From the point of view of use, lithium iron phosphate is suitable for large space, good conditions for the installation of large volume batteries, requiring high safety performance, the need for long uninterrupted operation of the scene (indicating that it is really long-lasting!💪) . Lithium iron phosphate batteries are currently used in new energy vehicles, energy storage, 5G base stations, two-wheelers, heavy trucks, electric boats and other fields.

Among them, the largest proportion of applications in the field of new energy vehicles, including new energy passenger cars, new energy buses and new energy special vehicles. According to industry statistics, shipments of lithium iron phosphate batteries account for the proportion of total power battery shipments from 28% in 2019 back to about 35-40% in 2020.

The current energy storage field uses more than 94% of lithium iron phosphate batteries, including new batteries and trapezoidal batteries, mainly used in UPS, backup power and communications energy storage and other fields. In addition, lithium iron phosphate batteries in 5G base station applications also show rapid growth, opening up new market opportunities.

The future development of the electric boat market is expected to be better, the application areas are currently lithium iron phosphate batteries; in the two-wheeled vehicle replacement market, lithium iron phosphate batteries are also beginning to be used in bulk.