Lithium Iron Phosphate
Lithium Iron Phosphate
15,000 MT Lithium Iron Phosphate (LFP) Plant with an investment of US$ 200 million.
NAMC is committed to being part of the energy storage value chain. LFP is a major componenet of Energy storage batteries that has the potential to transform nearly every aspect of society, from transportation to communications to electricity delivery.
LFP is one of the fastest growing sectors of the battery industry, It is a necessary step in terms of transitioning to a low carbon economy and climate adaptation.
By 2030, Cairn ERA forecasts global demand for the Li-ion battery market will reach more than 2,725 GWh, for a market value of more than $240 billion.
NAMC is currently in discussion to partner with international technology provider which will provide the state-of-the-art LFP process technology.
