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. 

Tesla is likely to use lithium iron phosphate (LFP) batteries from CATL in Tesla Model 3 vehicles made at its China plant, which triggered talks about future development of LFP and ternary batteries.

The project is designed to produce up to 15,000 mt of LMO cathode materials and 5,500 mt of lithium carbonate in a year

Demand for Li-ion batteries is expected to reach 8.75 GWh in 2019

Output is expected to extend its gains to 6,800 mt in Sep as orders grew in Aug