Breaking news: Report: Electroflow promises to make LFP material for 40% less than Chinese producers
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🔄 Updated: 10/1/2025, 3:02:00 PM
Breaking News: Electroflow is set to revolutionize the lithium iron phosphate (LFP) market by promising to produce LFP material at a cost 40% lower than Chinese producers. Currently, China's LFP sells for around $4,000 per metric ton, while Electroflow aims to reach a production cost of less than $2,500 per ton once fully scaled. As noted by Electroflow, achieving this goal would not only undercut Chinese prices but also mitigate the impact of currency fluctuations and shipping costs, bolstering the U.S. battery supply chain[2][3].