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Ternary lithium battery, also known as "ternary lithium polymer", refers to a lithium battery that uses nickel-cobalt manganate or nickel-cobalt aluminate as the positive electrode material and graphite as the negative electrode material. In addition, ternary lithium-ion batteries also have great advantages in terms of high-rate charging and low-temperature resistance. Therefore, it is widely used in the field of power vehicles, such as Tesla.

Ternary lithium battery do have better characteristics than lithium iron phosphate battery, such as energy density, low-temperature performance, and charging rate, etc. In general, as the main force of power lithium batteries and energy storage batteries, the energy density of lithium iron phosphate batteries has basically reached the theoretical extreme, but due to the advantages of cost and safety, it is more acceptable in industrial production, so there has a lot of demand.