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LFP battery chemistry on the rise, says Wood Mackenzie

LFP battery chemistry to overtake NMC in the energy storage sector, says WoodMac.

Tom Hoskyns
WoodMac said LFP would remain popular with the Chinese EV market “before breaking into the global passenger EV sector”

WoodMac said LFP would remain popular with the Chinese EV market “before breaking into the global passenger EV sector”

WoodMac said though the energy storage market has relied heavily on EV-style NMC batteries in the past, changing performance requirements would lead to an evolution of separate markets over the course...

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