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20 Sep
19:52

LFP batteries to lose ground to sodium-ion batteries: WoodMac

Sodium-ion batteries (Na-ion) are likely to replace some of the lithium iron phosphate (LFP) market share in passenger electric vehicles and energy storage, according to Wood Mackenzie analysts. The emerging lithium-free technology, which has reached near-LFP specific energy, can be 20% cheaper than this alternative battery chemistry. Savings with raw materials can be as much as 41% compared to LFP cells, the consultancy firm notes. Some of the cost advantages …
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