Lili Wu InsightWoo Battery Materials 8h • Edited InsightWoo Battery Materials has introduced a #LMFP & #LFP capacity and production database and monthly report on #China companies global operations. LMFP, standing out as the leading cathode material, has become highly demanded in the lithium-iron battery market. China is currently witnessing a significant expansion in capacity, positioning itself at the forefront of production and application in this field. Discover more about our offerings in the flyer. Ronbay Tech forecasts that with continuous upgrades in processing technology and the emergence of economies of scale, the cost of LMFP cathode materials will be 5%-10% lower than that of LFP. Meanwhile it is expected that the penetration rate of LMFP will reach 5%-10% by 2025. Find out a comprehensive battery materials database and monthly reports https://lnkd.in/gd2Zd-_S https://www.linkedin.com/feed/update/urn:li:activity:7129686406196592641/