Search Results Found For: "Lithium Iron Phosphate"

American Battery Factory raises capital to develop LFP battery gigafactory in Arizona

American Battery Factory (ABF), a battery manufacturer that plans to build a network of lithium iron phosphate (LFP) battery cell gigafactories in the US, has raised significant development capital in Series A funding. ABF will use the funds to secure production equipment and security technology needed for the first development phase of its recently announced… Read more »

Impact Clean Power develops GigafactoryX in Poland to produce a heavy vehicle battery

Polish company Impact Clean Power Technology (Grenevia Group) has unveiled a rendering of its planned GigafactoryX, a large-scale battery factory for EVs and energy storage in Pruszków, near Warsaw. The facility will produce batteries with maximum dimensions of 1400 mm x 1000 mm x 400 mm and a maximum weight of 500 kg. The production… Read more »

Designwerk develops HIGH CAB Semi Lowliner battery cells

Designwerk Technologies, an engineering company in Switzerland, is developing a lithium iron phosphate (LFP) battery cell to power the electric HIGH CAB Semi Lowliner 4x2T by 2024. Designwerk claims that LFP batteries offer a high number of charge cycles, extended service life and minimal height. The company’s LFP high-voltage battery systems feature 141 Wh/kg specific… Read more »

LG Energy Solution to build a $5.5-billion battery manufacturing complex in Arizona

South Korean battery manufacturer LG Energy Solution will invest approximately $5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities—one for cylindrical batteries for EVs and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). The company plans to invest $3.2… Read more »

LG Chem targets sixfold sales growth in battery materials by 2030

LG Chem has announced a new strategy to become a top global battery materials company. CEO Shin Hak-cheol said at a recent battery conference in Seoul that LG Chem aims to grow its annual battery material sales sixfold, to KRW 30 trillion ($25.5 billion) by 2030. The expansion of the company’s battery business is part… Read more »

Umicore begins manufacturing manganese-rich EV battery materials

Umicore plans to commercialize its manganese-rich HLM (high-lithium manganese) cathode active material (CAM) technology for EVs in 2026. This enhances Umicore’s portfolio of NMC (nickel, manganese, cobalt) battery materials for EVs and provides a design-to-cost battery technology. Umicore says HLM outperforms lithium iron phosphate when it comes to total cost of ownership, driving range, safety,… Read more »

Motiv Power Systems launches next-gen electric trucks with new LFP battery system

Motiv Power Systems has been in business for 14 years, providing electric step vans, box trucks and shuttle buses with payloads of 2-6 tons. The company has deployed more than 150 vehicles with fleets across North America.  Now the company has announced its next-generation electric trucks for medium-duty fleets. The new generation features a new… Read more »

Chinese automakers are forging ahead with sodium-ion batteries

Sodium-ion batteries, which could offer significant cost and raw material procurement advantages over the lithium-ion kind, have been much discussed in the press of late. Chinese battery behemoth CATL unveiled its first-generation sodium-ion battery in July 2021. At the time, analysts predicted that Na-ion cells, which are expected to offer only modest energy density, would… Read more »

Our Next Energy (ONE) to supply batteries for The Shyft Group’s electric trucks

Energy storage technology company ONE was selected to supply more than 15,000 Aries lithium iron phosphate (LFP) battery packs over the next five years for use in The Shyft Group’s Blue Arc Class 3, 4 and 5 electric trucks. Blue Arc trucks using Aries batteries will go through development, testing and validation this year using… Read more »

Ford to build new LFP battery plant in Michigan

Ford plans to invest $3.5 billion to build an LFP battery plant in Marshall, Michigan. BlueOval Battery Park Michigan will initially employ 2,500 people when production begins in 2026. The automaker will offer LFP (lithium iron phosphate) as a second battery chemistry option in addition to NCM (nickel cobalt manganese), allowing customers to choose an… Read more »