What are lithium iron phosphate battery stocks?

Lithium-based batteries, specifically lithium iron phosphate batteries (LFP batteries), have become popular for renewable energy storage and EV power. Lithium iron phosphate batteries are a favorite in the battery market, and as a result, investors are eager to get exposure to lithium iron phosphate battery stocks.

What are rechargeable lithium iron phosphate batteries?

Rechargeable lithium iron phosphate batteries are those that use LiFePO4 as the principle cathode material.

Where are lithium phosphate batteries made?

The manufacturing plant, located in the northern state of Amazonas, is dedicated to the production of lithium iron phosphate (LiFePO4) batteries, and is primarily focused on installing these onto electric bus chassis.

Who makes lithium iron phosphate battery?

Publicly traded lithium iron phosphate battery companies from China include Gotion High-Tech and CATL. Taiwan’s Foxconn Technology is also a producer. Foxconn is a major manufacturing partner of Apple, which is believed to be preparing to enter the EV business.

Where does BYD manufacture lithium phosphate batteries?

BYD is also responsible for two SkyRail (monorail) projects in the country: In Salvador, with the cross-sea “VLT do Subúrbio”, and in the city of São Paulo, with the “Line 17 – Gold Line”. In 2020, BYD opened its third manufacturing plant in the country in Manaus, specifically for lithium iron phosphate batteries.