Macro Research Trends
Pages 356–359 (4 pages)
Text on page 359
Research Pivoting From NMC To LMFP Batteries SHARE OF FILED PATENTS OF NMC AND LFP
The percentage of patents filed for NMC has been decreasing since 2016, with LFP taking a majority from 2020
The percentage of publications on LFP compared to NMC follows the same trend as patents but roughly 5 years later
TOTAL NUMBER OF PATENTS PER PATENT OFFICE
SHARE OF PUBLICATIONS OF NMC AND LFP
The trend is far stronger in China compared to the rest of the world: in 2022, 62% of battery patents filed in China were LFP, compared to 41% in the rest of the world
1. Search terms: battery AND cathode AND ("LFP" OR "LMFP" OR "iron phosphate" OR "FePO4") 2. Search terms: battery AND cathode AND ("NMC" OR "NCM" OR "NCA" OR "nickel manganese cobalt" OR "LiNiMnCoO2") 3. Not all filed patents are already published Source: McKinsey, Patents queried from Google Scholar and Publications queried from Web of Science, accessed 20240901. Queries: for LFP: battery AND cathode AND ("LFP" OR "LMFP" OR "iron phosphate" OR "FePO4"); for NMC: battery AND cathode AND ("NMC" OR "NCM" OR "NCA" OR "nickel manganese cobalt" OR "LiNiMnCoO2")
Extracted from the PDF; charts and images may read imperfectly.
Page 359 · 4/4