1. Lithium manganese iron phosphate (LMP) has an energy density advantage over lithium iron phosphate (LFP). LMP has a voltage platform as high as 4.1V, significantly higher than LFP (3.4V). This higher voltage platform can improve the energy density of the corresponding battery; under comparable conditions, its theoretical energy density is 15%-20% higher than LFP, essentially reaching the level of ternary lithium batteries (NCM523). This allows for a longer driving range for electric vehicles compared to LFP batteries.
2. Lithium manganese iron phosphate has an advantage in low-temperature performance compared to lithium iron phosphate. Lithium manganese iron phosphate can retain approximately 75% of its capacity at -20℃, while lithium iron phosphate retains only 60%-70%.
3. Lithium manganese iron phosphate (LFP) has a safety advantage over ternary cathodes. Compared to ternary cathodes, LFP has an olivine-type structure, which is more stable during charge and discharge, resulting in better safety and cycle stability.
4. Lithium manganese iron phosphate (LMP) has a cost advantage. Due to the abundance of global manganese resources, the cost of LMP is only about 5%-10% higher than that of lithium iron phosphate (LFP). Considering the improved energy density of LMP, the cost per watt-hour of LMP is slightly lower than that of LFP and significantly lower than that of ternary batteries.
The novel lithium iron phosphate (LFP) manganese phosphate boasts advantages such as high energy density and excellent low-temperature performance, and its pure-use and hybrid applications are expected to rapidly penetrate the electric vehicle sector. Companies with relevant patent portfolios and production capacity are likely to fully benefit from this technology, consolidating and increasing their market share.
