Expert Insights: Market Applications and Prospects of LFMP

The global LFMP market was valued at approximately $95 million in 2023 but is expected to surge to $47.14 billion by 2030, with a CAGR of 121% from 2024 to 2030. The Chinese market is particularly prominent, projected to skyrocket to 9.22 billion yuan in 2025, while global demand is expected to leap from 5,000 mt to 154,000 mt during the same period. With technological breakthroughs and capacity expansion, 2025 is anticipated to be the "year of volume release" for LFMP, especially in the mid-to-high-end EV sector. In the long term, LFMP, with an energy density 10%-20% higher than LFP, is expected to gradually replace the latter in the power battery sector, becoming one of the mainstream materials around 2030. LFMP is at a critical stage of technological breakthroughs and large-scale application. SMM Information & Technology Co., Ltd. (SMM) will prominently feature the New Energy Battery Materials Forum at the CLNB 2025 (10th) New Energy Industry Expo from April 16-18, 2025. Zhengwei Wang, Senior Vice President and CTO of Phylion Battery Co., Ltd., will discuss the market applications and prospects of LFMP based on industry data, technological trends, and industrial dynamics. Keynote Speaker: Zhengwei Wang, Senior Vice President and CTO of Phylion Battery Co., Ltd. Topic: Market Applications and Prospects of LFMP. Zhengwei Wang, male, senior engineer, graduated from Harbin Institute of Technology with a major in electrochemistry, is an expert in the Ministry of Science and Technology's expert database, and has participated in or led multiple national and provincial projects. Currently, he serves as the Senior Vice President and CTO of Phylion Battery Co., Ltd., overseeing the battery cell R&D center and industrial ecology subsidiaries. With over 30 years of experience in secondary battery R&D and technical management, he has extensive expertise in manganese-based battery materials and applications, battery design and manufacturing management, and unique innovative ideas in cost control. He has led the industrialization of high-performance manganese-based materials and new technologies, the development of new-type battery cell products and production line designs, the manufacturing of power and ESS battery cells, and the layout of the industry chain. Phylion Battery Co., Ltd., Senior Vice President and CTO, Zhengwei Wang, invites you to participate in the CLNB 2025 (10th) New Energy Industry Expo. About Phylion: Founded in 2003, Phylion is a renowned high-tech enterprise in the lithium power battery industry, supported by the Institute of Physics, Chinese Academy of Sciences. After 21 years of development, Phylion has established a global industrial layout with production sites in Suzhou, Chuzhou, Indonesia, and Hungary, and subsidiaries in Europe, India, Southeast Asia, and Singapore. It has also expanded into battery raw material business "Phylion Qingyuan," battery operation brand "Chengmandian," and battery recycling business "Phylion New Materials," initiating the evolution of the entire industry chain ecosystem. Its products are mainly used in EVs, ESS, and electric light vehicles. By 2024, Phylion's lithium batteries have been exported to 30 countries and regions, including Germany and France, with cumulative sales of over 33 million sets of lithium power batteries. Its lithium batteries for light vehicles have led global shipments for seven consecutive years and have been equipped in over 300,000 EVs. New Energy Battery Materials Forum, April 17, [09:00-09:20] Supply Chain Management and Analysis of Key Raw Materials (such as phosphorus, iron, lithium) Supply and Price Fluctuations, Haohan Zhang, SMM Information & Technology Co., Ltd., Cathode Materials Analyst. [09:20-09:40] Technological Progress and Opportunities in LFP Materials, Guorong Hu, Sichuan Development Longmang Co., Ltd., Chief Scientist/Professor at Central South University. [09:40-10:00] Integration of Phosphorus Chemical Industry and New Energy Ushers in a New Era of Clean Energy, Songhua Zhou, Guizhou Phosphate Chemical New Energy Technology Co., Ltd., General Manager. [10:00-10:20] Evolution of LFP Battery Technology and Future Product Development Directions, Guangzhou Great Power Energy Technology Co., Ltd. [10:20-10:40] Technological Progress and Opportunities in Lithium-Rich Ferrite, Dongwei Yan, Tianjin Guoneng MGL New Materials Co., Ltd., Director of the Research Institute. [10:40-11:00] R&D of High Specific Energy Lithium-Ion Battery Artificial SEI Modified Silicon Carbon Anode Materials, Ning Du, Executive President of Carbon One Group/Director of the Central Research Institute, Associate Professor at Zhejiang University. [11:00-11:20] Market Applications and Prospects of LFMP, Zhengwei Wang, Phylion Battery Co., Ltd., Senior Vice President and CTO. [11:20-11:40] Topic to be Announced, Jun Zhang, Shanghai Yonghan Materials Technology Co., Ltd., Chairman. More Exciting Summits, April 16, 2025, Opening Ceremony & Forum of Academicians and Top-Tier Entrepreneurs, Business Package, New Energy Industry Forum, SMM Sodium-Ion Battery Application Market Development Seminar, Invest in Poland·New Energy Strategy Forum, SMM New-Type Anode Materials Innovation Seminar, International Cobalt Association Industry Salon, Sub-Forum 1: New Energy Mineral Exploration and Industry Development Forum, Dinner & Awards Ceremony. April 17, 2025, Sub-Forum 2: Battery Raw Materials Forum, Sub-Forum 3: New Energy Battery Materials Forum, Sub-Forum 4: Hydrogen Energy Industry Development Forum, Business Package, Sub-Forum 5: Lithium Battery Recycling Forum, Sub-Forum 6: All-Solid-State Battery Forward-Looking Technology Forum, Sub-Forum 7: Battery Supporting Auxiliary Materials Forum, Sub-Forum 8: New Energy PV ESS Forum, Sub-Forum 9: International Mining Investment and Development Summit Forum. April 18, 2025, Sub-Forum 10: Overseas Market Forum, Sub-Forum 11: Low-Altitude Economy Forum, Sub-Forum 12: Suzhou Virtual Power Plant Ecosystem Forum (3rd), CLNB 2025 New Energy Entire Industry Chain Expo, Time: April 16-18, 2025, Location: Suzhou International Expo Center. This exhibition focuses on the entire new energy industry chain, showcasing power batteries, ESS, raw materials, materials, equipment, mining, and battery recycling, offering a one-stop exhibition experience.