Prayon and Pulead to create JV for manufacture and sale of lithium iron phosphate material for Li-ion batteries
Green Car Congress
NOVEMBER 3, 2015
The joint venture will help meet the increasing global demand for licensed LFP. Global demand for LFP is expected to grow at an average annual rate of 30% between 2014 and 2020, mainly driven by industrial batteries, e-buses and e-cars. Even in the short term, demand far outstrips licensees’ production capacity.
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