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China's NEV market battle drives LFP to new market share heights

Nuying Huang, Taipei; Charlene Chen, DIGITIMES Asia Friday 13 June 2025 0

Credit: AFP

The power batteries used in new energy vehicles (NEVs) are mainly dominated by ternary lithium batteries and lithium iron phosphate (LFP) batteries. China, which accounts for nearly 70% of the global NEV market, saw its LFP application reach 75% in...

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