Lopal first Chinese company to build LFP battery cathode plant outside of China

China’s Lopal has become the first Chinese company to announce plans to produce iron-based cathode materials for lithium ion batteries outside of China, with a deal to construct a plant in Indonesia.

The investment is the first sign of China’s move to expand its dominance in cheaper lithium-iron phosphate (LFP) technologies outside of its borders as carmakers such as Tesla ramp up use of the batteries.

Nanjing-based Lopal said it would spend $235 million to build a 100,000 tonnes per year cathode plant in Indonesia’s Morowali Industrial Park in Sulawesi, which is emerging . . .

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