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LFP battery demand to rise as China's new NEV subsidies disqualify expensive models
Apr 27,2020 15:50CST
smm insight
Source:SMM
Demand for lithium iron phosphate (LFP) batteries in the new energy vehicle market, which enjoy more cost advantage as compared to high-nickel ternary batteries, will likely increase with support from the latest 2020 NEV subsidy policy, under which only passenger cars costing less than 300,000 yuan/unit will receive subsidies. 
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