ASX-listed Lithium Australia continues to kick goals with its unique approach to lithium-ion battery innovation with its latest modelling demonstrating improved cost efficiencies from its proprietary lithium-ferro-phosphate technology. The company now believes it has overcome all the significant cost, safety and performance hurdles it needs to produce a better product than its competitors in the expanding global electric vehicle battery market.
Lithium Australia continues to kick goals with its unique approach to lithium-ion battery innovation, demonstrating improved cost efficiencies from its proprietary lithium-ferro-phosphate, or “LFP” technology. The latest modelling of the new process suggests a net cost reduction of 5 to 10 per cent in the cost of LFP chemical inputs could be achieved via in-house iron oxalate production.