Why is China the only region betting big on LFP batteries, and what does that mean for global supply?
The resource argument is decisive. Replacing oil imports with nickel and cobalt imports would simply shift dependency. LFP's iron and phosphorus are domestically available in China, ensuring supply chain autonomy. Foreign players focused on NMC for premium vehicles, but China prioritized mass-market affordability and safety, which proved commercially smarter as EV adoption broadened.
