LFP Batteries Gaining Global Momentum

The latest IEA Global EV Outlook confirms a trend we at ElevenEs have been championing since the beginning: LFP is no longer just an alternative – it’s becoming the global standard.

LFP batteries now power nearly 40% of all battery electric vehicles sold worldwide, a dramatic rise from just 26% in 2020. This shift is especially visible in Europe and the US, where manufacturers and automakers are increasingly turning to LFP as a strategic solution for cost-effective, safe, and sustainable energy storage.

What’s driving this adoption? Falling battery prices, a growing focus on ethical sourcing (no cobalt or nickel), and the growing trust in LFP’s performance across vehicle segments – from compact city cars to commercial fleets and stationary storage systems.

Companies like Tesla, Ford, and Rivian are embracing LFP, while battery producers are ramping up localized production in Western markets – just as we’ve done here at ElevenEs from day one. Our early investment in LFP chemistry is now proving to be a future-proof strategy.

This market validation strengthens our position and purpose. We are not just part of a global trend—we’re ahead of it.

Let’s keep building the future of energy – one safe, stable, and scalable cell at a time.

Source: Here