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lithium battery

The rapid development of new energy vehicles (NEVs) has propelled power batteries, a crucial component, into the spotlight, with cost and performance being key considerations. Among the battery options, lithium iron phosphate (LFP) batteries have emerged as a frontrunner due to their advantages of low cost and long lifespan. However, since 2023, a combination of factors has triggered a precipitous decline in LFP battery prices, exceeding 70%, sending shockwaves through the industry.
lithium battery cell from ene tech

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