In the next 3 to 5 years, high-end ternary material power batteries will be in short supply

At present, the cathode materials of lithium-ion batteries for new energy vehicles are mainly lithium cobalt oxide, ternary materials, lithium iron phosphate and lithium manganate
.
According to the latest statistics of IIT, a well-known research institute of lithium batteries in Japan, the market share of lithium cobalt oxide has decreased significantly, while the market share of ternary materials has shown a rapid upward trend, and the market share of lithium iron phosphate and lithium manganate has also expanded
.

It is understood that Japanese and South Korean companies occupy the commanding heights of lithium batteries in the field of ternary materials, and the new energy vehicle leader Tesla also uses Panasonic's customized ternary material batteries, benefiting from the cost control of ternary materials, and the cost is still more than 30% significantly reduced
.
With the advantages of high energy density and relatively low cost of ternary materials, many foreign banks predict that in the next 3 to 5 years, high-end ternary material power batteries will be in short supply
.