China’s LFP battery production exceeds NCM battery output in May
Published: Friday, 18 June 2021
Chinese output of lithium iron phosphate (LFP) batteries surpassed that of nickel-cobalt-manganese (NCM) lithium-ion batteries in May, data from the China Association of Automobile Manufacturers (CAAM) shows.
It is the first time in three years that Chinese production
of LFP batteries has exceeded that of NCM batteries, market
sources told Fastmarkets.
China produced 8.8 gigawatt hours (GWh) of LFP batteries last
month, accounting for 63.6% of total battery output that month.
May’s output also represents a...