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SMM, August 3 – Ronbay Technology released the latest guidance on the application prospects of LMFP cathode material during an institutional survey. The company explicitly stated that the material holds significant growth potential in the commercial vehicle sector, particularly in sub-segments such as heavy-duty trucks, and its light weight, high power, and low-temperature performance advantages are rapidly translating into actual orders. This statement comes nearly half a year after the company’s March projection that “pure-use solutions are expected to be onboard vehicles within the year,” as market focus now shifts from technology verification to the pace and quality of mass production.
Heavy-Duty Truck Segment Becomes Breakthrough as Cost Gap Narrows
In this survey, Ronbay Technology analyzed the suitability of LMFP for heavy-duty trucks. Since a heavy-duty single-vehicle battery capacity is typically several hundred kWh, the weight of the battery system significantly impacts cargo efficiency. LMFP, with an energy density roughly 15–20% higher than that of LFP (current mass-production levels reach 190–210 Wh/kg), can effectively reduce battery pack weight, directly improving single-vehicle freight capacity. Meanwhile, its higher voltage platform (approx. 3.8V) supports continuous high-power discharge, meeting the demands of heavy-duty truck operations such as hill climbing and heavy loads. The improved low-temperature performance addresses the pain points of cold starting and charging efficiency in northern winters.
The company noted that as commercial vehicle electrification accelerates and LMFP production scales up, the unit cost gap with LFP is steadily narrowing. Taking into account performance gains and incremental costs, the company expects the penetration rate of this material in the commercial vehicle sector to rise rapidly.
Pure-Use Solution Progress Exceeds Expectations; Leap from “Blending” to “Main Material” in 2026
Recalling this March, industry reports noted that Ronbay Technology’s LMFP business had achieved mass-production breakthroughs in multiple fields, including BEV, PHEV, commercial vehicles, power tools, 3C digital products, and high-end electric motorcycles, and specifically mentioned that verification progress of pure-use solutions for several EV clients had exceeded expectations, with small-batch installation of pure-use LMFP batteries expected in 2026. At that time, the industry generally believed that LMFP was still mainly used as a “blending” auxiliary material for ternary or LFP.
Nearly six months on, a reporter has learned from industry insiders that the customer introduction progress of Ronbay Technology’s pure-use solutions is largely in line with expectations. Some top-tier domestic automakers have completed winter and summer calibration, and models equipped with pure-use LMFP battery cells are expected to start small-batch production in Q4 2026. This means LMFP will, for the first time, independently shoulder cell performance as the primary cathode material, offering automakers a new path that combines high energy density with cost competitiveness, particularly suitable for mid-to-high-end car models in the 150,000–300,000 yuan price range.
Industry Competitive Landscape Taking Shape; Top-Tier Players Running at Full Capacity
From an industry-wide perspective, LMFP cathode materials have entered a critical phase of capacity release and order competition. In 2025, domestic LMFP shipments exceeded 30,000 mt, and are expected to reach 70,000 mt in 2026. Ronbay Technology’s cathode material sales in H1 2026 rose nearly 50% YoY, with LMFP production lines running at full capacity throughout the period, maintaining a leading market share in high-end segments both in China and overseas. Meanwhile, competitors such as Dynanonic and Easpring Technology are also accelerating capacity expansion; the industry’s “arms race” has just begun.
For Ronbay Technology, how it positions itself in the commercial vehicle pure-use market and delivers on its pure-use solution installation commitments will be a key yardstick for testing its technological leadership and commercialization capabilities in H2. The company said it will continue to advance the development of fifth-generation products and reduce costs through ultra-simplified processes to further consolidate its competitive edge in the phosphate-based cathode material space.
SMM New Energy Research Team
Wang Cong 021-51666838
Feng Disheng 021-51666714
Yang Chaoxing 021-20707860
Wang Zihan 021-51666914
Wang Jie 021-51595902
Chen Bolin 021-51666836
Wang Yizhou 021-51595909
Xu Mengqi 021-20707868
Hu Xuejie 021-20707858
Lin Ziya 021-51666902
Yang Le 021-51595898
Li Yisha 021-51666730
Wang Zhaoyu 021-51666827
Xiao Wenhao 021-51666872
Zhang Jing 021-51666878
