LG New Energy research and development of low-cost energy storage system, lithium iron phosphate battery performance close to ternary battery

"Science and Technology Board Daily" reported on the 14th, according to industry sources, LG New Energy conducted independent test results show that its lithium iron phosphate battery for low-cost energy storage system is not much different from the ternary battery in performance, only 2% difference. It is understood that the RTE value of the NCM ternary battery is 97%, while the lithium iron phosphate battery is 95%.

LG New Energy's lithium iron phosphate battery will first be used in low-cost energy storage systems. With the rapid development of energy, the demand for energy storage systems is also increasing.

The development of lithium iron phosphate batteries with performance close to ternary batteries will bring more options to the low-cost energy storage market and promote the wide application of energy.

In addition, LG New Energy plans to launch products related to electric vehicles. The rise and development of the electric vehicle market has become an irreversible trend.

LG New Energy's lithium iron phosphate battery is expected to bring higher performance and stability to the electric vehicle industry to meet the needs of users for electric vehicles.

In order to meet market demand, LG New Energy also plans to produce lithium iron phosphate batteries in the United States. The company plans to invest 3 trillion won to build 16 gigawatt hours of projects in Arizona.

Construction is expected to begin this year, with mass production planned for 2026. This will provide the US market with more stable and high-quality lithium iron phosphate battery products.

Through continuous research and development and innovation, LG New Energy has made important breakthroughs in the field of lithium iron phosphate batteries. The launch of its low-cost energy storage system and electric vehicle-related products will strongly promote the development of the energy industry and provide users with more cost-effective options.

In the future, we can expect LG New Energy to bring more surprises and breakthroughs in the field of lithium iron phosphate batteries.

At the same time, this also shows us the broad prospects of lithium iron phosphate batteries in the energy and automotive industries.