[LFP Batteries: Two Leading Companies' Joint Venture Shifts Production to LFP Batteries] Recently, a leading automaker announced a series of major strategic adjustments in its battery business, aiming to strengthen its competitiveness in the EV sector, particularly by taking a crucial step towards diversifying its battery technologies. The joint venture between this leading automaker and another battery company will undergo a significant shift in production direction at its existing battery factory in a certain location, transitioning fully from the current production of NCMA (Ni-Co-Mn-Al) batteries to the manufacturing of LFP batteries. This decision to shift production holds multiple strategic implications. Firstly, the leading automaker will gain localized, low-cost LFP battery supply capabilities. LFP batteries have gained significant favour in the global EV market in recent years due to their lower raw material costs and higher safety and stability.