[Concall] LG Chem "CATL Iron Phosphate Battery... Unsuitable for Long-Distance Driving"
[Asia Economy Reporter Park Soyeon] LG Chem stated in its Q2 earnings conference call that "(CATL's) iron phosphate-based battery products have price competitiveness because they use cheap metals, but they have disadvantages in terms of energy density and weight."
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LG Chem added, "We believe that iron phosphate-based products are difficult to install in vehicles with very long driving ranges," and "If manufacturers with insufficient quality control, such as humidity management, produce these batteries, quality issues may also arise."
This content was produced with the assistance of AI translation services.
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