The increase of lithium iron phosphate batteries would affect the decision to buy a ternary lithium electric vehicle?

Published: Jul 30, 2025 15:44

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In recent years, the electric vehicle (EV) market has undergone a quiet but significant shift in battery technology. While ternary lithium (NCM/NCA) batteries once dominated the premium EV segment and favored for their high energy density and long, and the tide is turning toward lithium iron phosphate (LFP) batteries. Brands like BYD, Xpeng, and Zeekr, along with battery giant CATL, are increasingly adopting LFP due to its advancing performance and inherent advantages. Modern LFP batteries, such as CATL’s Shenxing PLUS, now rival ternary lithium in energy density, enabling 1,000+ km ranges and ultra-fast charging. Crucially, LFP addresses ternary lithium’s drawbacks with lower cost, superior thermal stability, and longer lifespan. Real-world examples, like BYD E5 taxis in China operating reliably for 8 years, underscore LFP’s durability. Meanwhile, ternary batteries face scrutiny over safety concerns and higher production costs. This transition reflects market pragmatism, not hype. As LFP closes the performance gap while excelling in safety and affordability, consumers are urged to evaluate EVs based on actual needs rather than legacy perceptions of battery hierarchies.

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