Cell Chemistry Development

Consumer Electronics

~14% Industrial

tpa (tonnes per annum)

240,000 Automotive ~9%

210,000 Energy Storage Systems

Other

California’s Mitra Chem is in its infancy undergoing LFP testing with Tier 1 OEMs and plans for commercialization by 2025 with a target of 30,000 tpa. The LFP production of Taiwan’s Aleees and Germany’s IBC-tec remains undisclosed. Japan’s Sumitomo Metal Mining Co. is expanding its product line to include LFP. Massachusetts’ 6K plans to produce 3,000 tpa of LFP by 2025 and 10,000 tpa by 2026.

% of Overall LFP Application Markets

119,000 tpa 120,000 90,000 63,000 tpa

62,000 tpa 60,000

56,000 tpa

37,000 tpa 25,000 tpa

30,000 2,400 tpa

10,000 tpa

34,000 tpa 14,000 tpa 18,000 tpa

29,000 tpa

Industry: Cell Chemistry Development

Firm

Volta Foundation

Source: Wood Mackenzie, LFP Production, GEM Co. Ltd., VSPC, IBU-TEC, Aleees, Mitra Chem, Nano One, Lithium Werks, Nano One Production, Sumitomo Metal, DOE Bipartisan Infrastructure Law, LFP Markets, Industrial Applications

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