The world’s biggest battery company is turning to abundantly available materials as it looks to upgrade power packs for electric vehicles. While that stands to bring down costs and raise efficiency as raw material shortages abound, it’s an opportunity for countries like India and Brazil to take their chunk of the increasingly lucrative EV supply chain before it gets too late.
After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China’s Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix. Ford Motor Co. recently added LFPs to its mix and will