The globalization trend of lithium iron phosphate is unstoppable, and many European car companies plan to introduce LFP batteries

With the widespread use of lithium iron phosphate batteries (LFP) around the world, more and more overseas automakers are beginning to choose to use LFP batteries. Many European automakers, including Renault, Stellantis, GM, Hyundai, and Volkswagen, have stated that they will introduce LFP batteries in entry-level models.