LFP is newer than NMC. Legacy auto makers are still catching up. They are still building factories for NMC with announcements of plans for LFP factories.
Key word is could, but we’re rooting for Gotion. The battery developer recently unveiled its new LMFP battery chemistry, capable of achieving an energy density of 240 Wh/kg. For comparison, Gotion says the energy density of current LFP batteries tops out right around 190 Wh/kg.
LMFP batteries are not a new concept, but issues like low conductivity and energy density have held the technology back in the past, at least for EV applications. However, Gotion believes its new batteries have reached performance parity with NMC cells, but at a lower cost that is also safer.
Production is not very close, so we must keep our guard up (we’ve been hurt before), but Gotion has shared it expects the Astroinno LMFP to enter mass production as early at Q2 2024 at two of the company’s plans in the Anhui province of China. According to Cheng, they have already passed necessary safety tests.
LFP is newer than NMC. Legacy auto makers are still catching up. They are still building factories for NMC with announcements of plans for LFP factories.
ElevenEs opens Europe’s first LFP battery cell facility to supercharge electric vehicle production
https://www.innoenergy.com/news-events/elevenes-opens-europes-first-lfp-battery-cell-facility-to-supercharge-electric-vehicle-production/
Then there’s the waiting game they are still playing.
Volkswagen’s Long-term, High-Manganese Cathode Strategy
https://www.idtechex.com/en/research-article/volkswagens-long-term-high-manganese-cathode-strategy/23431
Then there’s LMFP.
https://electrek.co/2023/06/06/gotion-unveils-lmfp-ev-battery-it-says-can-deliver-1000-km-per-single-charge-for-a-lower-price/#more-303290