NEWS COMMENTARY

Freyr looks to build out European LFP production in deal with Taiwanese battery maker

Published:
January 13, 2022
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Despite a rapidly growing interest in LFP (lithium iron phosphate), China remains the only country that manufactures significant quantities of LFP. Freyr, a battery manufacturer that is licensing 24M's SemiSolid production process for up to 40 GWh of capacity, plans to produce LFP cathode materials in Europe under an agreement with Aleees, a Taiwanese LFP battery producer, using Aleees' plant design. The pact includes 10,000 tonnes of initial LFP cathode material production capacity by 2024, which can expand to up to 30,000 tonnes by 2025. Clients should view this as a vital step toward building out LFP production capacity in Europe and should expect other cathode materials producers in Asia to make similar announcements in the near term.

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