Pic: Via GettyGround Breakers: Is the battery nickel story in strife?Mining19 hours ago | Reuben Adams Sto...ead.
The weak increase in NCM output is further exacerbated by significant expansions in Chinese lithium iron phosphate chemistry (LFP) battery capacity, which has seen a y-o-y increase of 38.9% as EV manufacturers in China select LFP batteries for their new models. LFP is cheaper than NCA or NCM cells, mainly because they don’t require nickel or cobalt. They also have much longer useful lifetimes, though this is offset by lower energy densities. Perfect for entry level EVs, as it turns out.
Ann: Update on Aleees Arrangements and Work on LFP Project, page-137
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