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begins to make inroads into Europe’s lithium ion ecosystem","lfp-begins-to-make-inroads-into-europes-lithium-ion-ecosystem","article/lfp-begins-to-make-inroads-into-europes-lithium-ion-ecosystem",{"_uid":557,"date":558,"tags":559,"editor":568,"content":578,"excerpt":686,"featured":51,"reporter":687,"_editable":691,"component":692,"seo_title":553,"categories":693,"visibility":717,"author_company":49,"data_vis_image":718,"featured_image":723,"seo_description":686,"author_full_name":49,"author_job_title":49,"formattedDate":727,"formattedArticleDate":728},"d147f7db-746c-4c90-9a26-f977928a592a","2024-06-28 00:00",[560,563,566],{"slug":561,"name":562},"data-visualisation","Data Visualisation",{"slug":564,"name":565},"europe","Europe",{"slug":567,"name":521},"lfp",[569],{"slug":570,"name":571,"content":572},"matthew-bird","Matthew Bird",{"job_title":573,"image":574,"bio":576,"linkedin":577},"Senior Editor - Supply Chains & Data 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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":579,"content":580},"doc",[581,588,603,608,620,627,636,641,646,651,656,661,666,676,681],{"type":582,"attrs":583,"content":584},"paragraph",{"textAlign":49},[585],{"text":586,"type":587},"European lithium iron phosphate (LFP) cell and cathode capacity is expanding as demand for lower cost electric vehicles and ESS batteries rises in the region.","text",{"type":582,"attrs":589,"content":590},{"textAlign":49},[591,593,601],{"text":592,"type":587},"European cell production today is almost exclusively focused on nickel cobalt manganese (NCM) chemistries with no active LFP production. However, by 2030 the region is forecast to produce 47 GWh in 2030, according to Benchmark’s ",{"text":594,"type":587,"marks":595},"Lithium ion Battery Database",[596],{"type":597,"attrs":598},"link",{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":600},"https://www.benchmarkminerals.com/forecasts/lithium-ion-batteries/reports/","url",{"text":602,"type":587},". ",{"type":582,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":587},"“Cell manufacturers are increasing their LFP capacity in order to compete with the low-cost cells produced in China and meet growing European demand for the chemistry,” said Anya Sidhu, a pricing and data analyst at Benchmark.",{"type":582,"attrs":609,"content":610},{"textAlign":49},[611,613,618],{"text":612,"type":587},"The average LFP cell costs $61.56/kWh, whilst an NCM 622 cell costs $67.27/kWh, according to Benchmark’s ",{"text":614,"type":587,"marks":615},"Battery Cell Cost Calculator",[616],{"type":597,"attrs":617},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":600},{"text":619,"type":587},".",{"type":621,"attrs":622,"content":624},"heading",{"level":623,"textAlign":49},4,[625],{"text":626,"type":587},"How is Europe’s LFP ecosystem developing?",{"type":582,"attrs":628,"content":629},{"textAlign":49},[630],{"type":631,"attrs":632},"image",{"id":49,"alt":633,"src":634,"title":49,"source":49,"copyright":49,"meta_data":635},"","https://wp-admin.benchmarkminerals.com/app/uploads/European-LFP-capacity-is-expanding.png",{},{"type":621,"attrs":637,"content":638},{"level":623,"textAlign":49},[639],{"text":640,"type":587},"Where does LFP fit in Europe?",{"type":582,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":587},"LFP cells are well-positioned to meet growing European demand for lower-cost EVs and ESS.",{"type":582,"attrs":647,"content":648},{"textAlign":49},[649],{"text":650,"type":587},"LFP cells benefit from being lower cost, having a stronger safety profile, and superior lifecycle to NCM batteries. Cost is a priority for cell manufacturers and EV makers looking to provide lower-price options. ",{"type":582,"attrs":652,"content":653},{"textAlign":49},[654],{"text":655,"type":587},"However, LFP is not set to upstage NCM in the region for the foreseeable future. Most of Europe’s battery pipeline buildout is focused on NCM and automakers’ plans still focus largely on using the greater energy density cells. ",{"type":582,"attrs":657,"content":658},{"textAlign":49},[659],{"text":660,"type":587},"“While LFP capacity in Europe is set to increase, it is likely that NCM will remain the dominant cell chemistry,” said Sidhu. ",{"type":621,"attrs":662,"content":663},{"level":623,"textAlign":49},[664],{"text":665,"type":587},"What role will Chinese companies play?",{"type":582,"attrs":667,"content":668},{"textAlign":49},[669,671,675],{"text":670,"type":587},"LFP expertise and production capacity is concentrated in China with the country set to produce more than 99% of LFP cells this year according to Benchmark’s ",{"text":594,"type":587,"marks":672},[673],{"type":597,"attrs":674},{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":600},{"text":602,"type":587},{"type":582,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":587},"Chinese companies’ expertise in the technology and Europe’s more welcoming business environment relative to the US, presents an opportunity to China’s LFP battery and cathode manufacturers. ",{"type":582,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":587},"Chinese cell and cathode producers are already set to play a vital role in Europe’s supply chain. By 2030, Benchmark forecasts 29% and 30% of Europe’s cathode and cell production respectively will come from Chinese-owned projects. The share of Chinese involvement in Europe’s LFP cathode ecosystem is likely to be much higher than this. ","European lithium iron phosphate (LFP) cell and cathode capacity is expanding as demand for lower cost electric vehicles and ESS batteries rises in the region. European cell production today is almost exclusively focused on nickel cobalt manganese (NCM) chemistries with no active LFP production. However, by 2030 the region is forecast to produce 47 GWh […]",[688],{"slug":570,"name":571,"content":689},{"job_title":573,"image":690,"bio":576,"linkedin":577},{"filename":575},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"d147f7db-746c-4c90-9a26-f977928a592a\", \"id\": \"\"}-->","article",[694,697,700,702,704,707,709,712,714],{"slug":695,"name":696},"batteries","Batteries",{"slug":698,"name":699},"battery-technology","Battery Technology",{"slug":701,"name":299},"cathode",{"slug":703,"name":115},"cobalt",{"slug":705,"name":706},"gigafactories","Battery & Gigafactory",{"slug":708,"name":8},"lithium",{"slug":710,"name":711},"manganese","Manganese",{"slug":713,"name":150},"nickel",{"slug":715,"name":716},"phosphate","Phosphate","private",{"id":49,"alt":719,"name":633,"focus":633,"title":719,"source":633,"filename":720,"copyright":633,"fieldtype":721,"meta_data":722,"is_external_url":51},"Line chart showing increase in European LFP capacity between 2024 and 2030","https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1719566019/www-production/European-LFP-capacity-is-expanding-no-Y-axis_13199367551e/European-LFP-capacity-is-expanding-no-Y-axis_13199367551e.png?_i=AA","asset",{"alt":719,"title":719,"source":633,"copyright":633},{"id":49,"alt":724,"name":633,"focus":633,"title":724,"source":633,"filename":725,"copyright":633,"fieldtype":721,"meta_data":726,"is_external_url":51},"Generic EV Battery Pack on Electric Car Production Line inside Modern Factory.","https://wp-admin.benchmarkminerals.com/app/uploads/LFP-begins-to-make-inroads-into-Europes-lithium-ion-ecosystem-scaled.jpg",{"alt":724,"title":724,"source":633,"copyright":633},"Jun 28, 2024","28th June 2024",[],[],1792688573592]