As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound known as LFP is due partly to environmental and geopolitical concerns. LFP, embraced by EV industry leader Tesla two years ago, has sparked new interest especially in the U.S., where a clutch of domestic and overseas manufacturers has pledged more than $14 billion in new production facilities.
DETROIT : As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound known as LFP is due partly to environmental and
Battery makers from Norway, Israel, South Korea and even China have committed to building U.S. facilities to produce LFP materials, components and batteries, some of which will be used not in vehicles, but in large energy storage systems.
Analysis-For EV Batteries, Lithium Iron Phosphate Narrows the Gap With Nickel, Cobalt usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The world wants cheaper electric cars and LFP batteries could help pave the way iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.