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China’s LFP cathode production exceeds ternary

Posted on - 12 May 2021

Category - Trade & Demand

China’s production of LFP cathode materials exceeded ternary cathode materials in March, according to data released by ICCSino. Demand for LFP materials has been very strong since H2/20, with demand reportedly exceeding supply. With the number of automakers now shifting to LFP battery solutions, especially for entry-level models, this is likely to continue. Anecdotal reports also suggest that ESS is a key factor in the acceleration of LFP demand. While demand for ternary cathode materials has also increased, much of the growth in ternary cathode production is in Korea. Korean battery producers are almost exclusively focused on ternary cathode chemistries...

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Batteries Battery China LFP Lithium Carbonate Lithium Hydroxide MCM