Results for: LFP Batteries

American Battery Factory (ABF), a leading battery manufacturer in the US, has entered into a seven-year partnership with Tinci Materials Texas LLC to secure a reliable supply of lithium iron phosphate (LFP) battery chemicals. This strategic move will bolster ABF’s efforts to build a domestic battery supply chain and support the construction of its first gigafactory in Tucson, Arizona. The partnership signifies a significant step towards achieving energy independence and fostering a clean energy future in the United States.

Chinese battery manufacturer CATL has unveiled a new lithium iron phosphate (LFP) battery, the Shenxing Plus, that boasts a driving range of over 1,000 kilometers (621 miles) on a single charge. This is the first LFP battery with such an extended range, according to CATL’s Chief Technology Officer Gao Huan. LFP batteries are considered more environmentally friendly than the lithium-ion batteries commonly used in electric vehicles (EVs). The current-generation Shenxing battery with a 700 km range is used in four car models, and more than 50 models are expected to be equipped with it by the end of the year. CATL, the world’s largest EV battery maker, experienced a profit growth in January-March after facing a decline in the previous quarter due to slowing demand and increased competition. Chinese battery makers, including CATL, have rapidly grown and now account for over two-thirds of global EV battery capacity.