LFP boom 💥 then Solid State The rise of LFP batteries is no longer just for the Chinese market.
It’s going global.
(And it’s happening faster than most people think.)
LFP (Lithium Iron Phosphate) was once dismissed as a "low-end" chemistry.
But now?
It’s dominating key EV and energy markets because it strikes the perfect balance:
Lower cost (no cobalt or nickel)
Longer cycle life
Improved thermal stability
Sure, it doesn’t match the energy density of NMC or NCA.
But it’s more than enough for:
• Mainstream electric vehicles
• Stationary energy storage systems
Just look at the market:
• BYD is all-in on LFP
Supplying overseas markets
• VW will use LFP batteries for the ID.2
A 25,000 euros EV in Europe
• Stellantis is partnering with CATL
LFP cell production in Spain
• Key battery makers will produce LFP cells in Europe
CATL in Hungary
LG Energy Solution in Poland
• Stationary storage?
LFP is the best solution (cost per cycle).
The result?
LFP now makes up over 40% of all lithium-ion batteries installed worldwide.
And that number is growing.
(LMFP is coming soon).
So here’s the big question:
Is LFP the long-term winner for mass-market electrification?