Demand for lithium iron phosphate (LFP) during 2020 is to expected to exceed 200K tons.
This on top of increased prices, spurred Chinese NEV analysts to forecast lithium iron phosphate (LFP) to catch up with or even surpass ternary lithium battery demand next year.
However the LFP supply chain is not as well known as that of the ternary lithium batteries.
Chinese battery behemoths CATL & BYD are lightyears ahead in terms LFP application and development. However where do they source LFP?
Here is a list of the top Chinese LFP suppliers.
>Hunan Yuneng New Energy Battery https://lnkd.in/gq4Afgb
> BTR New Materials Group-www.btrchina.com
> Shenzhen Dynanonic (Defang Nano)- www.dynanonic.com
> Hubei Wanrun New Energy Technology Development- www.hbwanrun.com