Ford’s new plant will produce batteries that include lithium, iron and phosphate, a combination known as LFP.

Source: https://www.nytimes.com/2023/02/13/business/energy-environment/ford-catl-electric-vehicle-battery.html

LFP batteries are exceptionally durable, using fewer high-demand, high cost materials and offering enhanced fast charging capability.

Source: https://seekingalpha.com/article/4584573-ev-company-news-for-the-month-of-february-2023?source=feed_all_articles

So for LFP, it is something that is being more widespread in terms of securing the cost competitiveness for EVs.

Source: https://seekingalpha.com/article/4598130-lg-chemical-co-ltd-lgclf-q1-2023-earnings-call-transcript?source=feed_all_articles

The complex will consist of two manufacturing facilities - one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS).

Source: https://www.prnewswire.com/news-releases/this-week-in-energy-news-10-stories-you-need-to-see-301786479.html

"To determine if your vehicle is equipped with an LFP battery, navigate to Controls > Software > Additional Vehicle Information."

Source: https://www.marketscreener.com/quote/stock/FORTUNE-MINERALS-LIMITED-1410063/news/Fortune-Minerals-Cobalt-News-43057233/?utm_medium=RSS&utm_content=20230222