Specific introduction to the main application areas of lithium iron phosphate batteries（1）

Application fields of lithium iron phosphate batteries

1. Application of New Energy Vehicle Industry
Lithium iron phosphate batteries are widely used in passenger cars, buses, logistics vehicles, low-speed electric vehicles, etc. due to their advantages of safety and low cost. Although in the current field of new energy passenger vehicles, ternary batteries once dominated due to the influence of national subsidies for new energy vehicles and the advantage of energy density, lithium iron phosphate batteries still occupy an irreplaceable advantage in the fields of buses, logistics vehicles, etc. Recent data shows that lithium iron phosphate batteries account for another half of the total battery shipments.

2. Start the application on the power supply
Starting type lithium iron phosphate batteries not only have the characteristics of power lithium batteries, but also have the ability to instantly output high power. Power type lithium batteries with energy less than one kilowatt hour are used to replace traditional lead-acid batteries, and BSG motors are used to replace traditional starting motors and generators. They not only have idle start stop function, but also have engine stop and coasting, coasting and braking energy recovery, acceleration assistance, and electric cruise control functions.

3. The application of energy storage market
Lithium iron phosphate batteries have a series of unique advantages such as high working voltage, high energy density, long cycle life, low self discharge rate, no memory effect, green environmental protection, etc. They also support stepless expansion and are suitable for large-scale energy storage. They have good application prospects in the fields of safe grid connection of renewable energy power stations, grid peak shaving, distributed power stations, UPS power supply, emergency power supply systems, etc.

With the rise of the energy storage market, in recent years, some power battery companies have laid out their energy storage business to explore new application markets for lithium iron phosphate batteries. On the one hand, due to its ultra long lifespan, safe use, large capacity, and green environmental protection, lithium iron phosphate can be transferred to the energy storage field, which will prolong the value chain and promote the establishment of a new business model. On the other hand, energy storage systems for lithium iron phosphate batteries have become the mainstream choice in the market. According to reports, lithium iron phosphate batteries have been attempted for frequency regulation on the user side of electric buses, electric trucks, and the power grid.