Mercedes-Benz and Stellantis (New LFP for Europe)?Mercedes-Benz and Stellantis Will likely wait for this new LFP CAM to hit the market:
Meets market entry conditions to the US required by the Inflation Reduction Act, and to cope with restrictions on key battery materials in the EU's Critical Raw Materials Act.
Currently has achieved a nameplate capacity of 700,000 t/yr for LFP as of the end of 2023. And that's all production projects revenue not just licensing!!!
It is also expanding capacity for another emerging battery cathode material, lithium manganese iron phosphate, which has higher energy density and allows for a longer driving range in electric vehicles (EVs), better performance in winter temperatures, and has lower manufacturing costs compared with LFP!!!!
https://www.argusmedia.com/en/news-and-insights/latest-market-news/2561383-china-s-hunan-yuneng-to-build-spain-battery-lfp-plant
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