In the field of energy storage, the application of lithium iron phosphate batteries in 5G base stations has also shown rapid growth, opening up new market opportunities. In the first half of 2020, China Tower and China Mobile have successively bid for 5G base station backup power lithium iron phosphate battery energy storage projects.
It is understood that China will need to build or renovate at least 14.38 million base stations in the future. Estimated based on a single station energy consumption of 2700W and emergency 4h, the 5G base station energy storage market will provide 155GWh of demand for lithium iron phosphate batteries in the future, and the corresponding market size will exceed 100 billion yuan.
In the field of two-wheeled vehicles, lithium iron phosphate batteries have also been well applied. The implementation of the new national standard has brought about a large-scale replacement demand, which will drive the sales of two-wheel electric vehicles to continue to rise. The continuous development of the sharing economy and the large-scale launch of shared motorcycles on the market have also provided a strong impetus for the production and sales of two-wheeled electric vehicles.
In the field of heavy trucks, the Ministry of Industry and Information Technology announced the latest batch of "Announcements on Road Motor Vehicle Manufacturers and Products." 16 heavy trucks have appeared in new energy logistics vehicles, 10 of which are clearly equipped with lithium iron phosphate batteries.