Why the lithium iron phosphate battery continues to dominate?
Lithium iron battery already has an overwhelming lead in the market, the other battery may be hard to catch up with. That lead will only grow as the planned new lithium-ion plant goes into production over the next decade. But Clean Energy Dreamers have long argued that the world needs a better battery.
On the battery price side, batteries from new factories in China, the United States, Thailand and elsewhere will further depress prices, which have fallen 85 percent since 2010. According to Bloomberg, lithium-ion battery prices averaged $1,160 per kilowatt hour in 2010 and hit $1762024 last year, with prices likely to fall below $100. This is mainly due to the R & D efforts of manufacturers and technological revolution in recent years, the lithium iron phosphate battery has become more efficient, stable and mature.
Solid state batteries, known as " lithium iron phosphate battery successors” , are where companies are trying to develop and innovate technologies, such as, toyota has more patents and filings for solid state batteries than any other company, and has invested $13.9 billion in its battery business. But for the time being, it hasn’t had a very good effect.
With the increasing demand of lfiepo4 battery , our Chinese suppliers of lithium iron phosphate batteries are constantly innovative and R & D, for the world to bring more efficient, safer and cheaper lithium iron phosphate batteries!