Captive vs Merchant Battery Makers, Explained

Captive vs Merchant Battery Makers, Explained

CATL supplied 39.9% of the world’s electric-vehicle batteries in the first half of 2026 and does not build a single car. BYD supplied 14.4% and put almost all of them in its own vehicles. That one difference — merchant versus captive — decides what a battery...
LMFP Batteries: What Manganese Adds to LFP

LMFP Batteries: What Manganese Adds to LFP

Lithium manganese iron phosphate — LMFP — is lithium iron phosphate with manganese swapped in for some of the iron. That one substitution raises the cell’s working voltage from about 3.2 volts to roughly 3.7, and with it the energy density: manufacturers quote...