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Why LFP batteries are poised to bring down entry-level EV prices

An older, cheaper and safer battery technology already dominating China’s electric vehicle industry is now poised to reshape battery manufacturing worldwide and boost EV sales in the United States — if the global lithium supply remains stable.
A slew of patents for lithium-iron-phosphate (LFP) chemistries due to expire in 2022 could shift the face of battery production in the U.S. and Europe.
China has owned the market for nearly a decade due to an agreement with patent holders — a consortium of universities in the U.S. and Canada — that let Chinese manufacturers use them to supply local marke

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