Why is China the only region betting big on LFP batteries, and what does that mean for global supply?

Why is China the only region betting big on LFP batteries, and what does that mean for global supply?
China's large-scale LFP adoption stems from a decade of iteration that turned early weaknesses—low energy density, poor cold performance, and low rate capability—into acceptable trade-offs. Fifth-generation LFP now delivers 500-600 km real-world range, 70-80% capacity at 0°C, 2C charge/discharge, and cycle life above 3,000 times for power and 10,000 for storage. The structural stability of the olivine crystal, high thermal runaway threshold, and abundant domestic iron and phosphorus resources made LFP the rational choice for China's electrification push, especially for buses and ride-hailing fleets where safety and operating cost trump energy density. This scale effect then fed manufacturing maturity, cementing China's global dominance in LFP cathode production.