Some investors asked Farasis Energy, whether energy storage products are currently using ternary lithium batteries or lithium iron phosphate. If it is used for energy storage, will the cycle life of the ternary battery be shorter than that of the lithium iron phosphate battery?
The company replied that the company's energy storage products do not rule out the use of lithium iron phosphate, and lithium iron phosphate batteries are more suitable for energy storage applications. At present, the cycle life of lithium iron phosphate is relatively good.
