South Korean Battery Makers Play Catch-Up in LFP Market as China Dominates
SEOUL, Aug. 21 (Korea Bizwire) – In the wake of electric vehicle (EV) fire controversies, lithium iron phosphate (LFP) batteries are gaining attention in the global market. Known for their stability and cost-effectiveness, LFP batteries are seeing steady demand compared to their premium counterparts, nickel-cobalt-manganese (NCM) batteries. However, South Korean battery manufacturers find themselves in a [...]