The west needs to build LFP battery capacity for technology to go global

Tesla’s embrace of lithium iron phosphate (LFP) batteries has propelled the chemistry into the mainstream of the automotive industry. Automakers including Volkswagen, Daimler, and Ford have also adopted the cost-effective technology in their lower-range EVs.

But a global shortage of cell capacity outside of China could hinder wider adoption by western automakers.

Over 90% of the world’s LFP battery cell capacity is based in China, according to Benchmark . . .

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