The Lithium Iron Phosphate Batteries Market was valued at USD 16.8 billion in 2023 and will surpass USD 43.1 billion by 2030; growing at a CAGR of 14.4% during 2024 - 2030. Lithium Iron Phosphate (LiFePO4) batteries are a type of lithium-ion battery that uses iron phosphate as the cathode material. LFP batteries are distinct due to their chemical stability, offering better thermal and...
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