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Speaking of it, compared to other competitors' lithium iron phosphate strategy, NIO is clearly half a step behind. As early as June last year, the Tesla Model 3 lithium iron phosphate version has now appeared in the "Model Catalog". And BYD Han, which is equipped with a blade battery, also launched heavily last year. Afterwards, driven by the celebrity effect, more and more popular models of celebrities rushed to install lithium iron phosphate batteries.
According to relevant data calculations, among the top 10 new energy models sold in Chinese shopping malls in 2020, 6 models have now launched the lithium iron phosphate version. Popular models such as Tesla Model 3, BYD Han, and Wuling Hongguang Mini EV all use lithium iron phosphate batteries. In addition, BAIC EC/EU series, SAIC GM Wuling Baojun E series, Chang'an Auchan, Hezhong New Energy Nezha series and other pure electric passenger vehicles have also launched models equipped with lithium iron phosphate batteries.
Entering the threshold of 2021, the Great Wall Euler, which focuses on youth and trendy roads, is impatient. At the beginning of the year, it announced the official launch of the Euler Black Cat Cute Pet Edition, with its battery pack replaced with lithium iron phosphate batteries from its original ternary batteries. In early March, Xiaopeng sedan also launched the lithium iron phosphate versions of P7 and G3 in the "New Forces of Car Manufacturing". In addition, the Ideal sedan also stated in its internal letter that future models will include a price range of 150000 to 500000 yuan, and it is reported that its low-priced models will also use lithium iron phosphate batteries.
The backside of the lithium iron phosphate version of the car model is the manifestation of the power of lithium iron as a "cost reducing and killing tool", and with the promotion and application of CTP and blade battery technology, it has achieved "life changing" in terms of system energy density, resulting in a surge in sales of supporting car models.
Taking Tesla as an example, CITIC Securities reported that the upgraded version of the Model 3 standard range produced by Tesla (Shanghai) can be replaced with lithium iron phosphate batteries. Based on the cost savings of 0.10 yuan/Wh per battery pack, each battery pack can reduce costs by about 5000 yuan. In 2020, with the support of lithium iron phosphate batteries, Tesla has now lowered the selling price of its Model 3 produced at its Shanghai factory from over 300000 yuan to 249900 yuan, which has helped Tesla achieve an annual sales "myth" of over 100000 vehicles in Chinese shopping malls.
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