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LFP Dominates China Battery Market, Ternary Lithium Bounces Back with Solid-State Tech
LFP holds 81.5% of China's battery market in 2025, but ternary lithium rebounds with solid-state tech. Bloomberg: High-nickel ternary to surge by 2030.
Apr 1st,2025
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According to the data of the China Automotive Power Battery Industry Innovation Alliance in February 2025, lithium iron phosphate batteries accounted for 81.5% of the domestic power battery loading, while ternary lithium batteries accounted for only 18.5%, a year-on-year decrease of 7.2%. However, this does not mean that ternary lithium batteries are silent, on the contrary, ternary still has a strategic fulcrum, and its future is in the development of the next generation of battery technology - all-solid-state batteries. According to the forecast of Bloomberg New Energy Finance, high-nickel ternary materials will usher in explosive growth due to the application of solid-state batteries in 2030.
