Why LiFePO4 battery has the long life? and cost low?

The overall cost of service life performance (cycle) of a power lithium battery is closely related to the use. Compared with an ordinary

lithium-ion battery, 500 times, the cycle service life of a lithium-ion battery of iron phosphate is 1500 times, the retention capacity is more than 95% at room temperature, and 50% of the output reaches more than 2000 times of the life cycle. The battery life is more than 500000 kilometers and can be used for about 5 years, which is 8 times that of a lead-acid battery and 3 times that of a NiMH battery, Four times that of a lithium cobalt oxide ion battery. In addition, its manufacturing cost is lower than that of ordinary lithium-ion batteries, which can undoubtedly greatly reduce the use and maintenance cost of electric vehicles.