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Research Pivoting From NMC To L(M)FP Batteries SHARE OF FILED PATENTS OF NMC AND LFP
The percentage of patents filed for NMC has been decreasing since 2016, with LFP taking a majority from 2020
The percentage of publications on LFP compared to NMC follows the same trend as patents but roughly 5 years later
TOTAL NUMBER OF PATENTS PER PATENT OFFICE
SHARE OF PUBLICATIONS OF NMC AND LFP
The trend is far stronger in China compared to the rest of the world: in 2022, 62% of battery patents filed in China were LFP, compared to 41% in the rest of the world
1. Search terms: battery AND cathode AND ("LFP" OR "LMFP" OR "iron phosphate" OR "FePO4") 2. Search terms: battery AND cathode AND ("NMC" OR "NCM" OR "NCA" OR "nickel manganese cobalt" OR "LiNiMnCoO2") 3. Not all filed patents are already published Source: McKinsey, Patents queried from Google Scholar and Publications queried from Web of Science, accessed 2024-09-01. Queries: for LFP: battery AND cathode AND ("LFP" OR "LMFP" OR "iron phosphate" OR "FePO4"); for NMC: battery AND cathode AND ("NMC" OR "NCM" OR "NCA" OR "nickel manganese cobalt" OR "LiNiMnCoO2")
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