Growing LFP adoption drives need for
more transparency across chemistry’s
supply chain
By Justin Yang, Zihao Li - Friday 15 December
Lithium iron phosphate (LFP) batteries are expected to take the largest
market share in the next 10 years, driving the need for more pricing
transparency across the chemistry’s supply chain.
When looking at the global battery chemistry including electric vehicle (EV),
energy storage system (ESS) and consumer electronics (CE) markets, LFP
batteries will take the biggest market share at 48% in 2033, according to
Fastmarkets battery raw materials analyst Phoebe O’Hara.
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