August 16, 2023

Lithium Iron Phosphate Set To Be The Next Big Thing In EV Batteries

Lithium iron phosphate (LFP) batteries already power the majority of electric vehicles in the Chinese market, but they are just starting to make inroads in North America. They aren’t actuall new, having been invented here, but until recently automakers selling EVs here have eschewed them because car buyers wanted more range than they could reasonably deliver. That’s all in the process of changing and we’ll be seeing a lot more LFP here in the coming years with the performance gap expected to close thanks to companies like Our Next Energy (ONE) and Mitra Chem.