Lithium iron phosphate (LFP)

High Safety:

The crystal structure is stable, with a thermal decomposition temperature of over 600℃, much higher than that of ternary materials (NCM/NCA which is approximately 210℃).

During thermal runaway, oxygen release is minimal, making it less likely to trigger intense reactions and reducing the risk of fire.

Even when subjected to compression or puncture, it will not easily explode.

Long Cycle Life:

The cycle count can reach over 3000 times (some products even exceed 6000 times), and it can still maintain 80% capacity after 2000 cycles at 100% depth of discharge (DOD).

The chemical properties are stable, with minimal structural changes during charging and discharging, and a slow rate of degradation.

Low Cost:

The raw materials (iron, phosphorus, lithium) are abundantly available and have stable prices. They do not contain the precious metal cobalt (cobalt accounts for approximately 30%-40% of the cost in ternary batteries).

The battery cost is 20%-30% lower than that of ternary batteries, making it suitable for large-scale applications.