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Where are LFP batteries made?

Gotion High-Tech, which has been producing LFP batteries and cathode materials in China since , plans to build 100 GW h of battery cell capacity outside China over the next 3 years. In June , Gotion, whose biggest shareholder is Volkswagen, announced plans for its first LFP battery factory in Europe.

Which battery manufacturers dominate the LFP battery market?

Only Chinese battery manufacturers dominate the LFP battery market with Japanese and South Korean manufacturers focusing on the production of nickel-manganese-cobalt (NMC) and nickel-cobalt-aluminum (NCA) batteries.

What is LFP battery?

LFP is an abbreviation for Lithium Iron Phosphate which is the material that the cathode of LFP or LiFePo4 batteries is made. LFPs are one of the main types of lithium-ion batteries that rank one of the highest lithium batteries market share in today’s worldwide market.

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