company news about LiFePO₄ Batteries Capture Over 60% of Global Market in 2025

June 2025 – Lithium Iron Phosphate (LiFePO₄ or LFP) batteries have officially claimed a dominant position in the global lithium-ion battery market, accounting for over 60% of total market share in 2025. This rapid expansion reflects the growing demand for safer, cost-effective, and stable energy storage solutions across both electric vehicles (EVs) and stationary energy storage systems (ESS).

Market Shift Driven by Strategic Demand

Industry analysts point to two key sectors driving LFP’s surge:

• Energy storage systems (ESS): Utilities and commercial users favor LFP chemistry for its long cycle life, thermal stability, and lower fire risk.

• Electric vehicles (EVs): Major EV manufacturers—especially in China and increasingly in the U.S.—are adopting LFP cells for mainstream models to cut costs while maintaining safety and durability.

Benefits Behind the Rise

Compared with traditional NMC (Nickel Manganese Cobalt) batteries, LFP cells are:

• Safer: Lower thermal runaway risk

• More affordable: No reliance on costly nickel or cobalt

• Long-lasting: Often exceeding 6,000 cycles in optimized conditions