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.
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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.
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