Today, ElevenEs, the pioneer in LFP (Lithium Iron Phosphate) cathode battery technology, announces the opening of the first industrial facility dedicated to LFP battery cell production in Europe. ElevenEs, backed by EIT InnoEnergy, is leading battery innovation in Europe with its new production site, located in Subotica, Serbia.
The manufacturing facility will specialise in producing high-quality LFP prismatic cells for use across a variety of applications, including electric cars, buses, trucks, and energy storage systems. Produced without nickel nor cobalt, LFP offers increased sustainability, safety and lower costs, as well as lasting three times as long as competing technologies. On top of this, ElevenEs’s EDGE battery cells, with their unique form and cell-to-pack capability, offer higher energy density on a pack-level compared to other LFP cell designs.
The LFP cell market is expected to see significant growth as a leading battery chemistry in the coming years, seeing over nine-fold growth in global sales over the past two years alone. With Chinese manufacturers holding the majority of LFP production, expansion of the industry in Europe will be key in revolutionising batteries for the EU market.