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At the beginning of last week, on Monday (11/9), South Korea’s leading battery and materials manufacturer, LG Energy Solution, announced its readiness to compete with China in the rechargeable battery market for lithium iron phosphate (LFP) electric vehicles. LG Energy Solution Co.’s Chief Technology Officer, Shin Youngjoon, stated that China’s penetration into the rechargeable battery market is increasing, especially in the LFP battery segment.
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