LFP Battery for Electric Vehicle Market: Gaining Unprecedented Momentum | Key Players Leading LG Chem, Hitachi, BYD Company Ltd
LFP Battery for Electric Vehicles (EVs) refers to a Lithium Iron Phosphate (LiFePO4) battery, a type of lithium-ion battery known for its high safety, long cycle life, thermal stability, and cost-effectiveness. LFP batteries are widely used in EVs due to their enhanced durability, resistance to overheating, and eco-friendly composition, making them a preferred choice for electric cars, buses,...
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