Advantages of lithium iron phosphate battery

　　Back to the era of lithium iron phosphate battery from ternary lithium battery, the cathode material of battery is actually more common. While reducing costs, it will not occupy too much resources, which is actually the progress of the market. It is worth mentioning that the price of the entry version of Tesla Model 3 has reached 250000 yuan, greatly improving the market competitiveness of Model 3. After the introduction of lithium iron phosphate battery version in the future, it is expected that the price of Tesla 3 will be further explored. For BYD, which starts with batteries, compared with BYD using other batteries, the battery backed cars developed by BYD itself will be more controllable in terms of car profits and costs. Finally, I saw the balance comparison diagram of lithium iron phosphate battery and ternary battery on the Internet, as well as user needs. We can clearly find that, with the progress of technology, lithium iron phosphate battery is more in line with user needs in terms of economy, cycle life and safety than ternary lithium battery. Any product or technology that serves the market and users will eventually be eliminated. This is the most basic law of natural survival. When the low cost lithium iron phosphate battery can reach the same mileage as the ternary battery, the battery market will certainly usher in a revolution from ternary lithium battery to lithium iron phosphate battery.

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