LG Energy Solution will launch a new type of battery, focusing on the energy storage market

LG Energy Solution's Chief Technology Officer stated that they will begin mass production of a new type of lithium iron phosphate battery in 2027, which features higher energy density and longer cycle life. This is the first time LG has disclosed plans to launch a significantly upgraded lithium iron phosphate battery model, aimed at repositioning as a high-value solution for energy storage systems. In addition, LG Energy Solution is also investing in sodium-based batteries and dry coating technology to reduce costs, as the company seeks to capture market share in various sectors including electric vehicles, energy storage systems, and humanoid robots. (Sina Finance)