The cost of materials for lithium iron phosphate (LFP) battery cells has jumped sevenfold since January 2020, while the cost for nickel cobalt manganese (NCM) cells has tripled, according to a new ...

However, this doesn't apply to lithium-iron-phosphate (LFP) batteries. The best LFP cells available now are closing the gap with mainstream nickel-based batteries in terms of energy density.

The Michigan factory, which is located in Van Buren Township, will begin production of the Aries Grid LFP cells in 2024, and the cells will be offered in 2-, 3- and 6-MWh options to support ...