Key Trends

Cost

Safety

Lifetime

Abundance of iron NMC Strength

Energy density

Low temperature performance

Power

LFP Weakness

Weight

Energy density

Low temperature performance

Power

NMC Weakness

Cost

Safety

Ni/Co supply chain

Lifetime

LFP Opportunity

Low/mid-range/entry EVs

e-Bus, e-Bicycle

Stationary storage

Cost sensitive applications NMC Opportunity

Long range/high-end EVs

Stationary storage

e-Bus, e-Bicycle, e-Motor

Power tools / performance sensitive applications

LFP Threat

NMC/high-voltage LNMO

Na-ion Battery

Regulations on energy density

Increasing material cost

NMC Threat

LFP/high-voltage spinel LNMO

Regulations on thermal propagation

Increasing raw material cost

Given the same cell dimensions, cell performance metrics using LFP and high nickel NMC as cathodes

Extracted from the PDF; charts and images may read imperfectly.