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SK On has launched a project in South Korea to establish a 3GWh energy storage system production line for lithium iron phosphate (LFP) batteries, supporting a national goal of 138GWh capacity by 2038. Wanhua Chemical has disclosed plans for a Phase II project at its Green Power Industrial Park, investing RMB 2.51 billion to produce 200,000 tons of LFP annually.

BYD's new energy power battery production base in Shengzhou, Zhejiang Province, has commenced operations for Phases II and III, with investments totaling RMB 11 billion, targeting 30GWh in production capacity. Gotion High-Tech has broken ground on projects for 200,000 tons of cathode materials and 20,000 tons of silicon-carbon anode materials in Anhui Province. Xinfa Group's subsidiary has initiated trial operations for a customized LFP production line for BYD, which will process up to 80,000 tons of LFP products under a toll processing agreement.