LFP shows huge growth in EV use

According to Chinese news, the Market share of Lithium batteries for use in EVs is changing quickly, with market-dominant CATL losing 2.5% share to the rapidly expanding BYD.

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One of the most interesting developments of the past 12 months is the huge growth in the use of Lifepo4 batteries, the growth rate of 147% year on year. Whereas, the installed base of ternary batteries was only 80.4%

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