South Korean battery materials manufacturer POSCO FutureM has signed a joint venture (JV) agreement with CNGR and its Korean subsidiary, FINO, to manufacture lithium iron phosphate (LFP) cathode materials. The companies have agreed to build an LFP cathode material plant that will have an annual production capacity of 50,000 tons. Located in the Yeongil Bay… Read more »
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Samsung SDI shifts some US production lines from EVs to LFP ESS batteries
South Korean battery maker Samsung SDI has signed a three-year contract through its US subsidiary to start supplying prismatic lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in North America from 2027. The contract is valued at more than 2 trillion South Korean won ($1.35 billion). Michigan-based Samsung SDI America will manufacture the… Read more »
NewGenium unveils SuperSynth brine-to-LFP battery technology to streamline domestic lithium cathode production
NewGenium, a technology company based in Pasadena, California, has announced its SuperSynth process, a direct brine-to-lithium-iron-phosphate (LFP) manufacturing technology. According to NewGenium, SuperSynth reduces the cost and complexity of LFP production by enabling extraction of lithium directly from brine, consolidating extraction and synthesis steps and eliminating the need for offshore processing. The company reports that… Read more »
Nano One pre-qualifies lithium from Rio Tinto for LFP cathode production
Canada-based Nano One Materials has pre-qualified high-volume battery‑grade raw material inputs from global mining giant Rio Tinto for its One-Pot lithium iron phosphate (LFP) cathode active material (CAM) production process. Rio Tinto has strategically located lithium assets across key regions and intends to increase the capacity of its Tier 1 lithium assets to over 200,000… Read more »
Nano One receives C$5-million government grant to support LFP capacity expansion
Nano One Materials, a Canadian a process technology company specializing in lithium-ion battery cathode active materials (CAM), has been awarded C$5 million ($3.5 million) in non-repayable financing from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of its One-Pot lithium iron phosphate (LFP) CAM and accelerate commercialization. The funding supports Nano… Read more »
Ultion Technologies’ new LFP battery cells are made entirely with North American materials
Ultion Technologies has launched commercial-scale production and validation of lithium iron phosphate (LFP) battery cells manufactured entirely from North American materials. Ultion says these cells meet or exceed the performance of leading imported alternatives, especially at high discharge rates. The project involved a supply chain partnership with First Phosphate, which provided high-purity phosphate and iron… Read more »
SK On targets North American LFP battery market for energy storage
South Korean battery and trading company SK On plans to accelerate its lithium iron phosphate (LFP) battery business targeting North America’s energy storage system (ESS) market. The company has signed a memorandum of understanding (MoU) with South Korean battery materials maker L&F to supply LFP cathode materials for the North American market. The agreement outlines… Read more »
Ultium Cells to upgrade Tennessee plant for LFP battery cell production
Ultium Cells, a joint venture between General Motors and LG Energy Solution, will upgrade its Spring Hill, Tennessee battery cell manufacturing facility to scale production of low-cost lithium iron phosphate (LFP) battery cells, building on a $2.3-billion investment announced in 2021. Conversion of battery cell lines at Spring Hill to produce LFP cells will begin… Read more »
Tax breaks for US battery plants preserved for now, Ford to proceed with Michigan LFP plant
The US administration’s BBB (which stands for Big Bill, and something else beginning with B) will be a disaster for American industry—it slashes support for clean energy technologies, ceding further ground to competitors in China and elsewhere. However, analysts who’ve combed through the fine print report that certain tax breaks for US battery plants survived… Read more »
LG Energy Solution, Tesla build LFP battery plants in the US
Lithium iron phosphate (LFP) batteries are all the rage these days. Although they offer lower energy density than batteries based on NMC (lithium nickel manganese cobalt) chemistries, they tend to be cheaper, and their ingredients are more readily available, less toxic and less controversial. Automakers including Ford and Stellantis are steadily building production capacity for… Read more »