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Factbox: As electric cars take off, makers pledge $14.3 billion for US lithium iron phosphate

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Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. LFP is a lower-cost competitor to nickel cobalt manganese cells.

A car is plugged in at a charging point for electric vehicles in London, Britain, March 6, 2018. REUTERS/Simon Dawson/FILE PHOTOused to power electric vehicles

, continue to climb in the United States. LFP is a lower-cost competitor to nickel cobalt manganese cells. Seven companies have committed more than $14 billion in future LFP manufacturing facilities in the U.S., with others, including Tesla

 

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