This new Bloomberg update has continued growth in LFP styles as volumes on NMC styles fall away.
The growth areas are:
- LMFP from nothing in 2023 to 20% by 2035
- NMCA going from nothing in 2023 to 9% by 2023
- NNMO goes from nothing to perhaps 3% by 2023
The main product that doesn't use Manganese (LFP) hits 46% market share in 2025 and is forecast to remain at that level.
The Dawn of EV, page-1855
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