Batteries to be produced at converted US lines as demand for safer, cost-efficient LFP rises

South Korean battery-maker Samsung SDI announced Wednesday that its American subsidiary has signed a deal valued at over 2 trillion won ($1.36 billion) to supply lithium iron phosphate, or LFP, batteries to a leading US energy company.

Samsung SDI America has entered into a three-year agreement to deliver LFP batteries for energy storage systems to an u

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