LFP Archives | Be Korea-savvy
South Korean Battery Makers Play Catch-Up in LFP Market as China Dominates

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 [...]

SK On to Take On Chinese Monopoly with Development of Low-cost LFP Batteries

SK On to Take On Chinese Monopoly with Development of Low-cost LFP Batteries

SEOUL, March 7 (Korea Bizwire) – The Korean battery industry is making strides in developing lithium iron phosphate (LFP) batteries, with SK On Co. set to unveil a prototype at the Interbattery exhibition later this month and LG Energy Solution Ltd. (LGES) is also expanding its LFP battery product portfolio. SK On will be the [...]

Lithium Werks Power Cell Manufacturing Continues to Grow

Lithium Werks Power Cell Manufacturing Continues to Grow

AUSTIN, Texas and ENSCHEDE, The Netherlands, Nov. 19 (Korea Bizwire) — Though 2020 has brought many unprecedented challenges to all businesses around the world, Lithium Werks continues to manufacture the Best in Class patented Lithium Iron Nanophosphate™ Power cells for the most demanding markets. Our 26650 Nanophosphate™ cells are used as single cells, as well as to [...]