LMFP Battery
CATL says it's developing M3P battery, different from LMFP battery
This follows reports that CATL plans to mass-produce LMFP battery, which its chairman mentioned in February as the M3P battery, within this year.
CATL said to mass produce LMFP batteries within this year
The battery's energy density is 15-20 percent higher than that of lithium iron phosphate batteries, but there is little difference in the material costs, according to local media.