Coretec Group Inc (CRTG)

[iamthe walrus]

From the article about Ford and CATL :
Ford said it will own and operate the factory and set up a wholly owned subsidiary to run it, while CATL is providing the technology for lithium iron phosphate batteries or LFP batteries, per the Bloomberg report, adding that the plant will become the first in the US to produce LFP batteries.

In Coretecs Michelle Tokarz article Jan 3rd she stated LFP are not the future and why :

https://www.altenergymag.com/story/2022/12/electric-vehicle-battery-innovation-predictions-2023/38776/
LFP cathodes aren’t the future when it comes to EV batteries
2023 will likely see an increase in the use of LFP cathodes in EV charging, mostly because volumes of ALL cathodes are expected with the anticipated increase in EV’s. LFP cathodes offer a number of benefits, including lower cost, higher lifecycle, and better high temperature resistance. But Ternary cathode materials like Nickel Manganese Cobalt (NMC) and Lithium Nickel-Cobalt-Aluminum Oxide (NCA) are currently mainstays in batteries for a reason. Their LFP counterparts do not hold as much capacity as NCA/NMC batteries and have a lower energy density. The weight and volume necessary to gain the necessary charge capacity of an LFP makes it unsuitable for EV batteries, but rather more to grid storage applications where weight is not a concern. For lower-end EV’s where range (available charge capacity) is not as much of a concern, some EV’s based upon LFP cathodes still exist, but the innovation will likely come from NMC and NCA cathodes.

Overall, despite these clear limitations, inflation, fuel spikes, rising operational costs, and unstable geo-political conditions could lead to a multitude of EV battery developers opting to employ the cheaper LFP technology but not at a scale that will surpass NCA/NMC batteries.