To Launch LMFP Batteries Next Year
CATL announced on July 25 that it would launch lithium manganese iron phosphate (LMFP) batteries next year so that electric vehicle driving ranges can exceed 700 km.
According to the company, LMFP batteries are higher in energy density than LFP batteries and more economical than NCM batteries, which are produced mainly by South Korean companies. “The maximum energy density is 230 Wh per kilogram, slightly less than ternary battery packs’ 250 Wh, and yet the manufacturing cost is close to that of LFP batteries,” it explained.
CATL is scheduled to supply LFP batteries to Ford next year, its first step in the North American market. “LG Energy Solution, Samsung SDI and SK On are working on high-manganese batteries, but CATL may open up a new market earlier,” said SNE Research, adding, “BYD, Gotion High tech and Eve Energy are developing high-energy density high-manganese batteries as well.”
Last month, CATL unveiled its Kirin batteries, which are characterized by employing cell-to-pack technology for module omission. The production initiation is scheduled for next year and the batteries are likely to be used in expensive electric vehicles whereas the LMFP batteries are mainly for those less expensive.