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There are not many manufacturers internationally capable of mass producing lithium-ion titanate batteries. The important application markets for lithium-ion titanate batteries include electric vehicles (buses, rail transit, etc.), energy storage markets (frequency regulation, power grid quality, wind farms, etc.), and industrial applications (port machinery, forklifts, etc.).

The important issue faced by titanium oxide lithium-ion batteries in large-scale applications is cost. At the beginning of project development, their price was 46 times that of iron phosphate lithium-ion batteries. Although the performance is significantly better than existing lithium-ion batteries, economic factors greatly limit the market promotion of titanium oxide lithium-ion batteries. Therefore, in order to achieve large-scale energy storage applications, titanium oxide lithium-ion batteries need to undergo technological restructuring on the basis of existing titanium oxide lithium-ion batteries for electric vehicles, while ensuring the inherent characteristics of long life of titanium oxide lithium-ion batteries and significantly reducing costs.

From the perspective of practical application value, lithium titanate batteries are expected to bring customers a lower cost advantage with their ultra long cycle life. As prices become increasingly reasonable, lithium titanate is about to make a comeback, and the future market space for lithium-ion titanate batteries will be very limited. In addition, with high prices, compared to the high cost-effectiveness of power lithium batteries that are expected to be used for energy storage in the future, the prospects of lithium titanate in the energy storage field are also worrying.

The development prospects of lithium titanium oxide batteries in China. In the past, the important market for lithium-ion batteries was portable appliances, mobile phones, laptops, etc. Regarding the future development prospects, the key to improving the energy density of lithium titanate batteries is to develop high-capacity, high potential electrolyte and antioxidant membranes. The efforts made by China's lithium battery industry to develop titanium oxide lithium-ion battery technology will yield considerable returns in the emerging electric vehicle, energy storage, and industrial application markets.

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