FuNeng Technology (688567.SH) announced at its performance briefing that the cost advantage of iron-lithium batteries in the new energy vehicle industry is still quite obvious, and through technical improvement, the range, charging performance and other aspects of iron-lithium batteries have been further developed. In addition, with the subsidy for high energy density sliding, the market share of iron-lithium phosphate in the future will be at a high level. For the company, the first point is to meet customer needs. The future development space of ternary batteries is very large, but some customers have put forward the demand for iron-lithium batteries, so the company has laid out the SPS production capacity of iron-lithium phosphate and ternary SPS in Guangzhou and Ganzhou bases respectively.

In terms of iron-lithium phosphate energy storage batteries, the company's energy storage products have the ability to send samples, and will start production at the Yunnan base for the first time after industrialization is completed.