Applications: EV
Page 151 · 22 of 52Directory profiles · Battery Business Directory
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Industry is Moving Towards Diversification of EV Cell Chemistries by Vehicle Segment and Region Europe
China
Scale, vertical integration, and super-low costs has enabled LFP-centered EV production growth Strong OEM and policy alignment around prismatic LFP platforms Sodium-ion emerging in 2-wheelers, but not yet as EV traction batteries in 2025
Mixed chemistry strategies across OEMs with Chinese battery firms building local production capacity Continued reliance on NMC for premium vehicle segments with a gradual LFP adoption for cost-sensitive platforms
North America
Slower LFP penetration due to established NMC production capacity and limited access to advanced manufacturing methods IRA sourcing rules and geopolitical tensions between the US and China has influenced chemistry and localization strategies Nascent domestic LFP industry, but initially focused on ESS
Source: Data from Benchmark Mineral Intelligence (Distinguished Partner), BloombergNEF (Distinguished Partner), IEA, OEM announcements
Extracted from the PDF; charts and images may read imperfectly.
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