The expiry of key patents for LFP battery chemistry in 2022 transformed the EV industry. With technology now freely accessible, global battery strategies are shifting as former IP barriers fall. An LFP battery is a type of lithium-ion battery that uses lithium iron phosphate (LiFePO4) as the cathode material. LFP’s appeal in the EV sector is clear: lower cost compared to batteries based on nickel and cobalt chemistries, low toxicity and good safety due to their superior thermal stability. Tesla’...