In 2019, the output of lead-acid batteries was 20.249 million kVA. Because the power factor is less than 1, the volt-ampere is greater than watts in any scenario
It is assumed here that the power factor is 1, so equivalently converted into watts is 202.49 million lead-acid batteries.
The corresponding market space of lithium iron phosphate that can replace lead-acid batteries is 200GW!
200GW of replacement space for lithium iron phosphate, how much space will there be for the cathode material, electrolyte, and diaphragm of the lithium iron phosphate circuit?
Let alone the reflow of lithium iron phosphate led by BYD blade batteries.
Investment in the lithium iron phosphate battery industry chain will be the most certain segment of the industry in the next five years!
