There are ternary lithium batteries. According to official information released by BYD, the battery of new energy vehicles has been upgraded to a ternary lithium battery. The ternary lithium battery is developed and produced by BYD itself. It offers good quality, cruising range, improved charging time and battery life.
Lithium iron carbonate batteries are easy to produce.
1. The production process of lithium iron carbonate battery is not very complicated and the threshold is low. Hundreds of domestic companies are entering this industry.
2. The technology and production difficulties of ternary lithium batteries are higher, so there are very few mass-produced manufacturers. The main domestic manufacturer is CATL which everyone often hears about.