Low Cost Lifepo4 Battery Pack

In 2020, the new energy automobile industry will enter the era of non-subsidy. When the policy orientation shifts to market orientation, the focus of car companies will shift from “taking higher subsidies” to “occupying more market shares”. At present, the price of lithium iron phosphate batteries of mainstream manufacturers has dropped to about 53,000 yuan / ton, compared with the price of 9-95,000 yuan / ton at the beginning of last year has dropped more than 61%.

Now the use of lithium iron phosphate batteries is more and more extensive. In the development of the industry, under the two major trends, lithium iron phosphate batteries will be used in new energy vehicles such as passenger cars, special vehicles and passenger cars due to their high safety and low cost. And the energy storage market has been more widely used, providing the company with a broad downstream market space.

The industry believes that the breakthrough of the technical bottleneck has brought a new dawn for the development of lithium iron phosphate battery. After the energy density is continuously improved, its cost-effective advantage can be amplified, and the market's attractiveness is self-evident. The compound growth rate of lithium iron phosphate battery shipments in 2018-2022 is expected to exceed 30%, which will have a greater impact on the existing multi-power battery technology route market pattern. It is expected that the lithium iron phosphate battery market will be in the next 2-3 years. The share will increase significantly.