Lithium iron phosphate material companies benefit from the recovery of market demand

As the market demand for lithium iron phosphate batteries picks up, lithium iron phosphate material companies upstream of the industry chain have also benefited. Lithium iron phosphate material companies such as Hunan Yuneng and Defang Nano said that the sales and production schedules of lithium iron phosphate have increased recently. In April, domestic lithium iron phosphate production reached 210,300 tons, an increase of 47,000 tons from March, an increase of 29.02%. This shows that the market demand for lithium iron phosphate batteries exceeded expectations, driving the growth of upstream companies in the industry chain.