Several leading power battery companies are targeting the lithium iron phosphate battery market

Recently, many leading domestic power battery companies have set their sights on increasing investment and expanding production in the field of lithium iron phosphate batteries. For example, EVE Energy plans to start construction of a 40 GWh power battery project in March, with an estimated total investment of RMB 10 billion. In addition, Ruipu Lanjun Energy Co., Ltd. also signed a contract for an annual production expansion project of 50 GWh in the same month.