Tesla Model 3 LFP battery pack Adamas Intelligence
notes that during the first nine months of the year, over 85% of all LFP deployed onto roads globally in newly-sold passenger xEVs were in China. That's quite interesting because it means that the rest of the world is responsible only for 15% and the top markets were: the US , India, the UK and Germany.
If that's not enough to call the LFP very China-centric, it turns out that nearly all of the LFP batteries deployed outside of China were produced in China. To further expand the LFP's share, this battery cell chemistry will have to be adopted by other global manufacturers and used on a mass scale by the Chinese manufacturers in plug-in vehicles exported globally.
Only time will tell whether the LFP chemistry, considered a more affordable one, will continue its expansion or if we will see the return of the energy density race in the next-generation EVs.