“How China's Car Batteries Conquered the World” “Now, global carmakers including the likes of Tesla Inc. are using a technology that China’s biggest battery manufacturers have on offer: a refined version of the decades-old lithium iron phosphate, or
LFP-based, powertrains that will propel hundreds of thousands — and eventually
millions — of electric cars, including those from Volkswagen AG and Hyundai Motor Co.”
https://www.bloomberg.com/opinion/articles/2021-12-02/how-china-s-car-batteries-conquered-the-world “Volkswagen has now completed the increase in its stake in Chinese battery cell partner Gotion High-Tech announced last year. Volkswagen is now the
largest shareholder in the Chinese battery specialist.”.
Gotion high tech has been producing LFP battery since 2007, a major battery manufacturer in China.
VW controls 26.47% of Gotion.
https://www.electrive.com/2021/12/15/vw-is-now-majority-owner-of-gotion-high-tech/ Most Recent Battery Production Data in China: November 2021 Ternary lithium battery: 10.4GWhan increase of 42.6% compared to Nov. 2020.
LFP: 17.8GWhan increase of
229.2% compared to Nov. 2020.
Phosphate Rock Production in China: National Bureau of Statistics November 2021:
9.46 million tons
November 2020: 7.34 million tons