“Growing Adoption of Lithium Iron Phosphate Batteries”
- Lithium iron phosphate batteries are gaining popularity for their safety and durability, offering superior thermal stability and longer cycle life compared to other lithium-ion chemistries, making them suitable for industrial applications
- For instance, Toyota Material Handling’s electric forklifts and automated guided vehicles used in Amazon’s distribution centers
- Tesla began using lithium iron phosphate batteries in its Model 3 Standard Range vehicles manufactured at the Shanghai Gigafactory, highlighting the brand’s shift toward cost-effective and safer battery options for mainstream electric vehicles
- BYD, one of the largest electric vehicle manufacturers globally, exclusively uses lithium iron phosphate batteries in its Blade Battery technology, which powers models
- For instance, the BYD Han and BYD Atto 3, ensuring better thermal management and extended battery life
- CATL, a major global battery producer, has significantly scaled up lithium iron phosphate battery production, including its partnership with VinFast to supply LFP batteries for electric scooters and cars, and has announced large investments for new manufacturing plants in Germany and Indonesia
- Sonnen, a German-based energy storage company owned by Shell, uses lithium iron phosphate batteries in its residential energy storage systems to deliver safe, long-lasting, and efficient backup power for solar homes, particularly in markets such as Germany and California where home solar adoption is high
