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UK's Integrals Power shipping EV battery products to car manufacturers for tests

UK startup Integrals Power stated on Tuesday it has actually started shipping its lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP). cathode materials to automakers and battery makers for tests. that might lead to major orders for EVs within six months.

CEO Behnam Hormozi told Reuters that the products have been. shipped to three prospective customers currently, with 10 more lined. up in Europe and the United States, although he declined to. reveal names.

Reaching the testing phase with car manufacturers is a major. milestone for battery products companies.

LFP batteries were established for the Chinese market to. supply a cheaper option to nickel cobalt manganese (NCM). for electric automobiles and global supply is dominated by Chinese. battery makers.

Integrals Power has actually developed LFP cathode products that can. match Chinese manufacturers' costs per kilowatt hour for EVs since. of its enhanced efficiency, Hormozi stated. The business has likewise. established its own LMFP cathode materials utilizing manganese that he. said can improve energy density or EV range by 20% at no additional. expense.

When it pertains to EVs it has become quite clear, it's all. about cost, cost, expense, Hormozi stated. We've been bombarded by. numerous significant car manufacturers ... attempting to get their hands on these. products to test them.

Integrals Power has a little UK pilot assembly line and. aims to have its very first industrial scale line operational by. 2027. The company has so far raised 5 million pounds ($ 6.41. million) from investors and UK federal government grants.

Hormozi stated some of its potential consumers have revealed. an interest in producing the cathode materials themselves under. licence.

(source: Reuters)