How Can LiFePO4 Battery Costs Be Reduced in Mass Production?
Material costs account for 50-70% of LiFePO4 battery production expenses. Key strategies include sourcing low-cost lithium and iron phosphate precursors, recycling cathode materials, and adopting dry electrode coating to reduce cobalt dependency. Bulk purchasing agreements and vertical integration with mining companies further lower raw material costs by 15-30%, as seen in CATL and BYD’s supply … Read more