Cell Design and Materials: Li-Ion

LFP Notable Events January

ICL signed a JV with Shenzhen Dynanonic to produce LFP for European Market in Spain.

July

Ultium Cells GM& LG JV will add LFP at its Spring Hill, Tennessee plant with targeted production for late 2027

February

Altilium launches LFP recycling in the UK, recovering 97% of Li and 99% of graphite from spent LFP batteries

August

Tesla signed a $4.3B deal with LG Energy Solutions to supply LFP batteries for U.S. ESS products

March

Formosa Smart Energy announced production at its 2.1 GWh LFP battery cell plant in Changhua, Taiwan

September

SK On signs a deal to supply up to 7.2 GWh of LFP batteries to US-based Flatiron Energy for ESS

April

Foresee Power unveiled it new GO 6 LFP battery pack, offering best-in-class energy density among 6 kWh LFP batteries

October

CATL-backed Jiangxi Shenghua New Material will build two high-tap-density LFP plants with total annual capacity 525 kt in Sichuan, China

May

Nissan cancels its planned $1.1 billion LFP battery plant in Kitakyushu, Japan

June

LG started mass production of LFP batteries for ESS in Holland, Michigan U.S. CATL started mass production of 587 Ah LFP cells for ESS with density volumetric 434 Wh/L

November

CATL and Stellantis JV breaks ground on LFP battery plant in Zaragoza, Spain with target production by end 2026, delivering up to 50 GWh/year

December

Posco Future M will build new LFP plant in S Korea targeting global ESS demand; production of 50 kt LFP CAM targeted for late 2027

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