Lithium iron phosphate comes to America
By Matt Blois
Electric car companies in North America plan to cut costs by adopting batteries made with the raw material lithium iron phosphate (LFP) which is less expensive than alternatives made with nickel and cobalt. Many carmakers are also trying to reduce their dependence on components from China, but nearly all LFP batteries and the raw materials used to make them currently come from China. A number of companies are now planning the first large-scale LFP factories in North America. Some are partnering with established companies, and others hope to introduce new technologies that will leapfrog Chinese competitors.