Difficulties and Opportunities Faced by Lithium Iron Manganese Phosphate Industrialization

As an upgraded version of lithium iron phosphate battery, lithium iron manganese phosphate has been highly anticipated since 2022 and is regarded as a potential material to replace lithium iron phosphate and impact the status of ternary lithium battery. However, its commercialization process slowed down significantly in 2023. Affected by the overcapacity of the lithium battery industry, the decline in the growth rate of the new energy vehicle market and the shortcomings of fast charging performance, the installation progress of lithium iron manganese phosphate batteries lagged behind. Despite this, lithium iron manganese phosphate has achieved a breakthrough in the two-wheeled vehicle market. Since mass production in 2022, the shipment volume in 2023 has reached thousands of tons, mainly used in the field of electric bicycles; upstream and downstream enterprises in the industrial chain continue to increase research and development, and battery manufacturers such as CATL accelerate technology iteration, optimizing performance by adjusting the manganese iron ratio, nano-coating and other processes. In the short term, lithium iron manganese phosphate needs to complement lithium iron phosphate batteries and ternary materials. In the field of power batteries, it is expected to replace some nickel-based ternary materials; in the energy storage market, with its low-temperature performance and long cycle advantages, it may jointly dominate battery energy storage systems with lithium iron phosphate batteries in the future. Technological breakthroughs remain the key, and the industry needs to solve difficult problems such as optimizing the manganese-iron ratio and stabilizing mass production.The industry predicts that after 2025, as costs fall and energy storage demand grows, lithium iron manganese phosphate will accelerate its penetration into the energy storage battery manufacturer field, especially adapting to the demand for long cycle life of battery energy storage systems.