Image Source: iStockPhoto
The primary composition of lithium iron phosphate is actually water-insoluble. When used as a primary component for batteries, lithium iron phosphate offers ideal chemistry to power equipment such as power tools and solar panels. This particular battery is also used in electric vehicles. Recent developments featured the use of lithium iron phosphate in energy storage mechanisms.
Who makes and where to buy lithium iron phosphate batteries？Today, numerous companies are engaged in the industry of lithium iron phosphate manufacturing. Among the top names are the following: CATL, BYD, EVE, LISHEN, Gotion High-Tech, and Henan Lithium Power Source. Emerging LPF batteries suppliers like SunlyPower are also drawing the attention of the market.
Lithium Iron Phosphate Battery Market Overview
Image Source: GrandViewResearch
Interesting data reveals that the lithium iron phosphate battery market has been steadily growing. It also has been projected to grow to USD 15 billion by 2027, with an estimated compound annual growth rate of 15.2 percent. The reason for this anticipated growth is the ever-increasing demand for electric vehicles that heavily rely on lithium iron phosphate batteries.
In the data provided by Grand View Research, it was stated that the total electric vehicles sale in 2021 was at least 6 million. This particular figure is thrice larger than the total market share of vehicle sales in the last two years.
Image Source: GrandViewResearch
Notably, the report suggests that China and countries in Southeast Asia are the biggest markets for lithium iron phosphate in the world, with a revenue share of 32.8 percent. It is followed by Russia, Denmark, and several European countries. Meanwhile, the United States is considered an emerging market for lithium iron phosphate.
China Lithium Iron Phosphate Battery Suppliers
As mentioned, China has the biggest market share for lithium iron phosphate battery production. Here are some of the top players in this industry, with the biggest one being CATL.
BYD Company Ltd – Li-Iron Phosphate Battery Manufacturer
Image Source: BYD
- Date established: 1995
- Headquarter / Factory Location: No.1, Yan’an Road, Kuiyong Sub-District, Dapeng New District Shenzhen, Guangdong, 518000 China
- Annual production capacity: 25 GWh
- Products: Lithium batteries, blade batteries, box batteries
- Installed capacity: 6.01 GWh
- Company profile: BYD is a tech company that delves into automotive, electronics, and battery production. Its latest innovations include energy storage and energy generation–with a promise of minimal to zero emissions.
- Market share: The latest market share of the BYD lithium iron phosphate battery is about 32 percent. Ninety percent of that is allocated to passenger vehicles.
- Market value: USD 91.28 billion
A123 Systems LLC – Lithium Iron Phosphate Battery Company
Image Source: A123 Systems
- Date established: 2001
- Headquarter: 855#, Jianshe No. 2 Road, Xiaoshan District, Hangzhou, China, 311215
- Annual production capacity: 0.6 GWh
- Products: Battery systems, modules, and cells
- Company profile: The A123 Battery is a global manufacturer of LiFePO4 batteries. Although its research and development are based in the United States, its production facilities are in China. The company develops proprietary Nanophosphate lithium iron phosphate energy storage systems and batteries, known for their stability and long lifespan. This technology was developed at the Massachusetts Institute of Technology.
- Market value: $497 million
- Installation capacity: The A123 boasts over one million square feet of battery manufacturing facilities in North America, Asia, and China. It is more than capable of mass-producing A123 lithium iron phosphate cells to meet rigid global demands, especially in fields of electric vehicles and power generation.
- Primary clients: Industrial builders, EV manufacturers, engineering companies, and start-ups
Key achievements / certifications: ISO/TS 16949 certification
OptimumNano Energy Co.Ltd (China) – Lithium Iron Phosphate Battery Makers
Image Source: OptimumNano
- Date established: 2002
- Headquarter / Factory Location: No. 68 Lanjing North Road, Pingshan District, Shenzhen, 518118, China
- Annual production capacity: 5.6 GWh
- Products: Lithium battery cells, battery packs, low-speed vehicle batteries, outdoor power supplies
- Company profile: OptimumNano is an energy generation company that focuses on the production and distribution of lithium batteries, storage batteries, electric vehicle batteries, and similar products. The company handles customized requests for specific energy applications, such as electric vehicles, solar and wind systems, and UPS.
- Market share: 55 percent of its products are sold in United States, while 25 and 15 percent of its products are distributed in Asia and Europe, respectively
- Primary clients: Industrial, commercial, and residential clients
- Key achievements / certifications: ISO 9001-2008, GB/T 24001-2004, ISO/TS 16949:2009, SGS
Contemporary Amperex Technology Co., Ltd – Lithium Iron Phosphate Battery Factory
Image Source: CATL
- Date established: 2011
- Headquarter / Factory Location: No. 2, Xingang Road, Zhangwan Town, Jiaocheng District, Ningde, Fujian, P.R. China
- Annual production capacity: 170 GWh
- Battery products: LiFePO4 packs, modules, and cells
- Installed capacity: 100 GWh
- Company profile: CATL is among the first Chinese battery manufacturers that competed in the global market. Interestingly enough, the market value of CATL does not only account for the Chinese market but the entire world itself. It’s the first Chinese lithium-ion battery manufacturer that dominated the supply chains of the electric car industry.
- Market share: 47 percent
- Market value: $128 billion
- Primary clients: Mercedes Benz, Toyota, FAW Volkswagen, BMW, Tesla
- Key achievements / certifications: Most Innovative Automotive Supplier 2021, UNECE R100.03, PAS 2060
Lithium Iron Phosphate Battery Suppliers & Manufacturers in India
India also competes against China when it comes to the market share for lithium iron phosphate battery production. With its growing industrial capacities and extensive availability of manpower, India poses itself as a source of LiFePO4 batteries and similar technologies.
Karacus Energy Pvt. Ltd. – Li-Iron Phosphate Battery Manufacturer
Image Source: Karacus
- Date established: 2019
- Headquarters / Factory Location: A-3, Naraina Industrial Area Phase 1, New Delhi 110028 India
- Annual production capacity: 0.5 GWh
- Products: Lithium battery packs, modules, and cells
- Installed capacity: 0.1 – 0.2 GWh
- Company profile: Karacus Energy Pvt. Ltd. is one of the biggest lithium iron phosphate battery suppliers in India. Unlike other battery manufacturers, this company only focuses on the production of lithium-ion batteries and related variants. Its batteries are said to be used in automotive and industrial applications.
- Market share: The exact market share for Karacus Energy in India is not officially disclosed. But right now, it has already been regarded as a top manufacturer of lithium iron phosphate batteries of the said country.
- Market value: $50 million (estimated)
- Primary clients: Local government and private industries
- Key achievements / certifications: Top 10 E Rickshaw and E Scooter Battery Manufacturing Company in India
Ultralife India – Lithium Iron Phosphate Battery Company
Image Source: Ultralife
- Date established: 2007
- Headquarters / Factory Location: #38B 1 Part, Doddanakundi Industrial Area, 1st Phase, Mahadevapura, Bangalore 560048.
- Annual production capacity: 0.3 GWh
- Battery products: Rechargeable and non-rechargeable batteries, custom battery designs
- Installed capacity: 0.1 GWh
- Company profile: UltraLife India is an official subsidiary of Ultralife Corporation USA. Specifically, this Bangalore-based company is an assembly and R&D plant. Similar to other companies here, Ultralife customizes batteries for high-demand applications, such as laboratories, corporations, and defense fields. It also has a partnership with Able New Energy Co. Ltd., which is a China-based lithium battery manufacturer.
- Market share: There are no records that indicate the total market share of Ultralife. Based on the company’s claims, it is said that it has been supplying power and tech products to government agencies, defense contractors, and industrial manufacturers.
- Market value: $5 – $10 million
- Clients: Private and public defense corporations, automotive industries, local laboratories
- Key achievements / certifications: ISO 9001:2015
Bharat Power Solutions – Lithium Iron Phosphate Battery Makers
Image Source: Bharat Power Solutions
- Date established: 2009
- Headquarters / Factory Location: H-170, First Floor, H Block, Sector 63, Noida, Uttar Pradesh 201301, India
- Annual production capacity: Less than 0.1 GWh
- Battery products: Battery packs and individual cells
- Installed capacity: Less than 0.1 GWh
- Company profile: Bharat Power Solutions is a wholesale manufacturer and supplier of battery packs. It offers an extensive line of products, from lithium iron phosphate batteries, polymer batteries, NiCD batteries, to custom battery options. Based on reviews, the company has reliable prices and services. It can easily rank among the top battery manufacturers in India.
- Market share: There is no existing data that discloses the annual revenue and market share of this company.
- Market value: $1 million
- Primary clients: Industrial, commercial, and automotive
- Key achievements / certifications: ISO 9001:2015
Lithium Iron Phosphate Battery Suppliers Australia
The following company is the sole notable lithium iron phosphate battery manufacturer in Australia.
Lithium Batteries Australia – Lithium Iron Phosphate Battery Company
Image Source: Lithium Batteries Australia
- Date established: 2007
- Headquarters / Factory Location: Melbourne and Brisbane
- Annual production capacity: 0.5 – 0.7 GWh
- Battery products: Custom battery packs and cells
- Installed capacity: 0.7 GWh
- Company profile: Lithium Batteries Australia offers custom battery and power solutions. Unlike other companies, this manufacturer only provides its products to the local market. However, it guarantees that its LiFePO4 batteries feature advanced systems to extend their lifespan and performance.
- Market share: There are no definite records that show the actual capacity and revenue of Lithium Batteries Australia.
- Market value: $5 to $10 million
- Primary clients: Private and public institutions
- Key achievements / certifications: ISO 9001:2015
Lithium Iron Phosphate Battery Manufacturers in USA
The United States is an emerging market for lithium iron phosphate battery manufacturing. EV battery manufacturers in the USA are starting to hit the global market, with the following companies leading the frontlines.
RELiON Batteries – Li-Iron Phosphate Battery Manufacturer
Image Source: RELiON</p
- Date established: 2000
- Headquarters / Factory Location: 1433 Dave Lyle Blvd., Rock Hill, SC 29730
- Annual production capacity: 1 – 3 GWh
- Battery products: OEM battery solutions
- Installed capacity: 3 GWh
- Company profile: This Seattle-based company was established to meet the global demands for advanced lithium battery designs. It has innovated one of the finest LiFePO4 batteries in the U.S. market that is capable of powering different applications.
- Market share: There are no existing third-party records that show the market share of the company.
- Market value: $5 to $10 million
- Primary clients: Private companies, small-scale corporations, and businesses
- Key achievements / certifications: UL2271, UN38.3, ISO 9001:2015
K2 Energy – Lithium Iron Phosphate Battery Company
Image Source: K2 Energy
- Date established: 2006
- Headquarters / Factory Location: 7461 Eastgate Road, Henderson, Nevada 89011
- Annual production capacity: 3 – 5 GWh
- Battery products: OEM custom battery solutions
- Installed capacity: 3 GWh
- Company profile: K2 Energy is a revered battery manufacturer in the United States due to its proprietary K2 Lithium Ion energy storage solutions. It crafts batteries with high energy and power capacities, benefiting numerous markets and applications. These K2 lithium iron phosphate batteries are light, durable, and highly safe.
- Market share: There are no indicative records that highlight the total market share of K2 Energy in North America’s battery industry.
- Market value: $20 million
- Primary clients: Commercial, medical, military, and government agencies
- Key achievements / certifications: UL2271, UN38.3, ISO 9001:2015
Epec, LLC – Lithium Iron Phosphate Battery Makers
Image Source: Epec
- Date established: 1952
- Headquarters / Factory Location: 176 Samuel Barnet Boulevard, New Bedford, MA 02745
- Annual production capacity: 1 – 2 GWh
- Battery products: Custom battery solutions
- Installed capacity: 1 GWh
- Company profile: Epec Engineered Technologies is one of the longest-running battery manufacturers in North America. But in the grand scheme of things, Epec specializes in engineering support and services, with the inclusion of design provisions for its clients. Hence, its involvement in the automotive battery market isn’t that encompassing.
- Market share: No records highlight the actual market share of Epec in the North American or global battery manufacturing industry.
- Market value: $25 million
- Primary clients: Industrial and commercial
- Key achievements / certifications: ITAR Certification, UL94V-0, ISO 9001:2015,
Power-Sonic Corporation – Lithium Iron Phosphate Battery Factory
Image Source: Power-Sonic
- Date established: 1970
- Headquarters / Factory Location: 365 Cabela Dr. Suite 300 Reno / Verdi, Nevada 89439, USA
- Annual production capacity: 4 – 6 GWh
- Battery products: Custom battery packs and cells, efficient battery management systems
- Installed capacity: 4 Gwh
- Company profile: Power-Sonic Corporation is a premier manufacturer and distributor of batteries in the United States. Throughout its operation, the company was able to extend its market to several countries in Europe, the Middle East, and Asia Pacific. It has a reputable standing in the advanced lithium battery market, as it offers an extensive catalog of products.
- Market share: No conclusive records are found for its market share
- Market value: $400 million
- Primary clients: Industrial, commercial, and automotive
- Key achievements / certifications: Intertek, FCK, ISO 9001:2015, CE
Best Lithium Iron Phosphate Battery Manufacturer
- Date established: 2012
- Headquarter / Factory Location: Building 30th, Xin Tai Yang industrial city, No.8 Xinyang road, Lin cun community, Tangxia Town, Dongguan City, Guangdong Province, China
- Products: Custom battery solutions, battery packs, cells, and modules
- Company profile: SunlyPower is arguably the best source of li-iron phosphate batteries in today’s market based on price, range of products, and manufacturing capacity. This China-based company is not as large and as popular as CATL and BYD, but it offers robust, stable lithium batteries for any application.
- Market share: Approximately 10 percent (Chinese market)
- Market value: $2 billion
- Primary clients: Honeywell, Bosch, GREE, JD, CSSC, Skullcandy, Audio-Technica
- Key achievements / certifications: GB/T 19001-2016, ISO 9001:2015, UL 1642
Lithium Iron Phosphate Battery Manufacturers Selection: In Summary
Numerous lithium iron phosphate battery manufacturers exist in the market today. Hence, you have the freedom to choose which one can meet the current requirements of your business or company. Simply follow the guidelines we laid out in this post so that you can find the ideal battery supplier for you.
You can check this material to discover more lithium battery manufacturers.
