LFP batteries, or lithium iron phosphate batteries, are a type of rechargeable lithium-ion battery that uses lithium iron phosphate as the cathode material. They are known for their stability, safety, and longevity compared to other lithium-ion batteries. LFP batteries typically provide a lower energy density, meaning they store less energy per unit of weight, but they compensate with longer cycle life, thermal stability, and reduced risk of fire. Because of these properties, LFP batteries are widely used in electric vehicles, stationary energy storage systems, and various portable electronic devices. Their charge and discharge efficiency, along with environmental benefits due to the absence of cobalt and nickel, make them an appealing option in the renewable energy sector.
Nissan recently announced its strategic plan to manufacture more affordable lithium-iron phosphate (LFP) batteries in Japan. By 2026, the company aims to leverage these batteries to power electric vehicles (EVs)…