36氪·2025-10-11 13:35Core Viewpoint - The article discusses the significant shift in the electric vehicle (EV) battery market, highlighting the rise of lithium iron phosphate (LFP) batteries over ternary lithium batteries, driven by cost advantages and technological advancements [5][11][60]. Group 1: Market Dynamics - In 2019, ternary lithium batteries held a market share of 65% in new car sales, but by recent years, LFP batteries have surpassed 80% in installation volume, pushing ternary lithium batteries down to less than 20% [9][11]. - The shift in consumer preference towards LFP batteries is attributed to their cost-effectiveness, especially as subsidies for EVs began to decline in 2022, prompting manufacturers to seek cheaper alternatives [27][30]. Group 2: Technical Comparisons - Ternary lithium batteries have higher energy density, allowing for larger battery packs and better performance in cold conditions, but they are also more sensitive to overcharging and can be prone to safety issues [32][40]. - LFP batteries, on the other hand, are more stable, have longer cycle lives, and can handle charging and discharging more robustly, making them more user-friendly in practical scenarios [42][45]. Group 3: Supply Chain and Production - China dominates the LFP battery market, accounting for over 95% of global production, with nearly all key materials sourced from Chinese companies [63][64]. - Major international companies are now investing in LFP battery production, but many still rely on Chinese technology and materials, indicating a significant shift in the global supply chain [65][68]. Group 4: Future Outlook - The article suggests that the future of EV batteries may not solely depend on advanced chemical properties but rather on cost-effectiveness and durability, which LFP batteries provide [74][76]. - The success of LFP batteries is seen as a crucial factor in making electric vehicles more accessible to the general public, thus promoting broader adoption of renewable energy vehicles [75][78].