LG Energy Solution and Samsung SDI to establish LFP battery lines at US plants with GM
The shift to LFP aims to reduce EV costs, enhancing accessibility and creating a two-tiered battery market
South Korean battery manufacturers LG Energy Solution (LGES) and Samsung SDI are set to install lithium iron phosphate (LFP) battery production lines at their respective US plants, co-owned with General Motors. This shift represents their first foray into LFP production, moving away from their previous focus on high-nickel-cobalt-manganese (NCM) chemistries.
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