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Interestingly, as consumers re discuss who will dominate the ups and downs of ternary lithium and lithium iron phosphate, Ningde Times has gradually reduced its weight in the ternary lithium battery business. Based on current news, following the Tesla Model 3 lithium iron phosphate version, both Xiaopeng P7 and NIO may consider launching lithium iron phosphate models.

In fact, in terms of power battery technology innovation, power battery manufacturers have never stopped optimizing. Generally speaking, for things that generate chemical reactions and convert energy, the scientific research field has long followed the approach of optimizing chemical methods first and then physical methods.

For example, in the field of internal combustion engine technology, during more than a hundred years of continuous technological advancement, foreign manufacturers have almost achieved the ultimate in four stroke technology. The use of chemical methods to change the material of internal combustion engines is no longer sufficient to enhance the thermal efficiency of the entire machine. In order to further reduce the consumption of internal combustion engines, manufacturers have begun to use lightweight design, variable timing valves, enhanced cylinder injection pressure and other physical methods, This ensures compliance with continuously stringent emission regulations while not changing engine efficiency.

Similarly, the optimization approach of power battery technology has also gone through a chemical followed by physical approach. From lithium iron phosphate to ternary lithium, lithium, a metal element, benefits from its smaller density and active polarization properties, which enable ternary lithium batteries to have better energy density. However, the success has also been disappointing. The excessive activity of lithium element gradually reduces the safety of the battery, and the spontaneous combustion of vehicles caused by power battery fires is not uncommon.

What is even more worrying for the industry is that the price of lithium is not only not cheap, but the price increase has never stopped, known as a rare light metal element. If a large number of lithium elements with larger materials are used to produce power batteries, no matter how the manufacturer reduces costs or directly transfers them to downstream, they will quickly reach the cost margin.

Fortunately, some domestic manufacturers have recognized this from the beginning and have not overly praised the technical route of ternary lithium batteries, gradually exploring the possibility of improving and optimizing lithium iron phosphate batteries. For example, BYD officially launched blade batteries at the end of March 2020.

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