Recently, our company succeeds in developing the economy type hydrogen storage alloy, and has already supplied to the market in large quantities. The arising of this product at the historic moment, greatly meets the active demand to the low-priced battery materials of MH/Ni batteries of low end, reduces the cost of the battery manufacturing enterprise by a large margin. In the room temperature, at 0.2C discharge rate, the discharge capacity of the product is no less than 300mAh/g, the discharge capacity above 1.2V accounts for 80% of the total discharge capacity; at 1C discharge rate, its discharge capacity is no less than 290mAh/g, and its cycle life is more than 400 times. The product is suitable for manufacturing the batteries whose capacity is no more than 1800mAh for AA size, and it is warmly welcomed by the battery manufacturers for its good electrochemical property and the much lower price which is 15 Yuan RMB lower per kilogram than that of the routine products.