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 . . .