Unlike last year, the price of ternary materials has been falling sharply, and the price of ternary materials has risen all the way since this year. According to market data, since January this year, the price of ternary precursor (8 series) has risen from 82,000 yuan/ton to 87,000 yuan/ton, and then extended to the upstream battery-grade nickel sulfate, the price has risen from 26,000 yuan/ton in January this year to 33,000 yuan/ton.

There has been market competition between ternary batteries and lithium iron phosphate batteries on the downstream installation routes. Previously, lithium iron phosphate batteries gradually encroached on the market space of ternary batteries due to their outstanding cost advantages and good performance advantages. In the distribution of installed capacity, the gap between the market space of ternary batteries and lithium iron phosphate batteries has also widened to a gap of 3:7, that is, the installed market of lithium iron phosphate batteries is more than twice that of the ternary battery market.