Strong demand for car storage is expected to drive the rapid growth of demand for lithium iron materials. The growth rate of demand for lithium iron phosphate positive electrode is higher than the overall growth rate of lithium battery industry: in 2025, with the recovery of demand, the continuous introduction of new models, the improvement of product strength brought about by new technologies such as intelligence, networking and fast charging, and the policy support of replacing old ones with new ones, the sales volume of domestic new energy vehicles is expected to reach a new high. The cost advantage is expected to drive the proportion of lithium iron phosphate installed in power batteries to further increase, lithium iron phosphate positive demand growth faster than the overall growth rate of the lithium-ion industry.  

        In 2024, the global energy storage battery market will show a rapid growth trend, in which Chinese enterprises occupy a dominant position. According to GGII statistics, in 2024, China's energy storage lithium battery shipments increased by more than 60% year-on-year, the global market share of more than 90%, we expect the global energy storage demand in 2025 to maintain strong growth, driving the demand for lithium iron.