The plummeting costs of energy storage, driven by China’s relentless price war, are expected to catalyse more economic deployments worldwide. Lithium iron phosphate (LFP) batteries are surging in market share due to their lower costs and higher cycle life compared to nickel-based lithium-ion batteries. June 21, 2024 Ali Imran Naqvi, Executive Director (ED), Gensol Engineering LtdChina’s energy storage sector is undergoing a radical transformation as a fierce battery price war fuels…
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China’s battery price war catalyses global energy storage innovation – pv magazine India
