Global Trends of Lithium Iron Phosphate Application in Pure Electric Buses

The global pure electric bus market is accelerating its inclination towards the lithium iron phosphate technology route, becoming an irreversible trend in the industry. In the European market, the 18-meter pure electric BRT articulated bus of CRRC Electric has been operating in Guangzhou for over five years, with a total mileage exceeding 500,000 kilometers. Its technical solution is gradually being exported to countries such as the United Kingdom and Poland. The Indian market, as the fastest-growing new energy bus market globally, is expected to see a 300% increase in the demand for lithium iron phosphate battery power in 2026. The local government is promoting the transformation of bus electrification through subsidy policies and encouraging the development of local PACK assembly industries. In the North American market, automakers such as Ford have begun to adopt lithium iron phosphate batteries in pure electric bus models to balance cost and performance requirements. The global installed capacity of lithium iron phosphate bus batteries is expected to increase by 120% in 2025, and the market size is expected to exceed 160 billion US dollars by 2030, bringing broad market opportunities for overseas customers.