LFP cathodes reach 77% share as LG Energy Solution expands North American ESS network

Sep 21, 2026 02:26 (35d ago)

LFP cathode shipments are projected to reach 5.24 million tons this year, representing 77% of the global lithium-ion cathode market.
ESS battery shipments reached 461.3GWh in the first half of this year, while LG Energy Solution’s Lansing plant targets more than 35GWh of annual capacity.
South Korean battery makers are expanding North American LFP production and supply chains as Chinese oversupply intensifies competition in commodity-grade materials.

Lithium iron phosphate (LFP) has become the dominant lithium-ion cathode chemistry, with shipments projected to reach 5.24 million tons this year and account for 77% of the market. Energy storage system (ESS) growth, including demand from artificial-intelligence data centers and renewable power, is supporting adoption, while Chinese oversupply is shifting competition toward higher-density materials. South Korean battery makers are building LFP capacity and supply chains for North American ESS, including LG Energy Solution’s five-site network, whose Lansing, Michigan, plant produces LFP ESS and nickel-cobalt-manganese (NCM) electric-vehicle batteries with expected annual cell capacity above 35GWh.