LFP vs NMC: Which Battery Technology Reigns Supreme?
For businesses in sectors like electric vehicles (EVs) and energy storage systems, it is crucial to choose suitable battery technology. Two of these are lithium iron phosphate (LFP) and nickel manganese cobalt (NMC) batteries. In 2023, LFP batteries constituted 30% of EV battery market up from 10% in 2020. Lower cost, longer lifetime and enhanced […]
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