The technological compass of the global electric vehicle market is shifting at an unprecedented pace. In Q3 2025, the adoption rate of Lithium Iron Phosphate (LFP) batteries in new global EV models surpassed 65%. This battery chemistry, considered a "transitional technology" by some industry experts just three years ago, has now become mainstream. Facing this trend, South Korea's three battery giants have launched a strategic initiative dubbed the "LFP Second Front", aiming to reclaim the initiative in a race that will define the industry's landscape for the next decade.
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An adjustment notice from Anda Technology has triggered a ripple effect across the industry, with processing fees for its full range of LFP products uniformly increasing by 3,000 yuan per ton starting January 1, 2026, following a similar price hike initiated by another leading company in November.
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The global lithium battery industry is undergoing a profound transformation, moving beyond singular competition on technology or cost to a comprehensive contest of integrated industrial chains, global layout, and sustainable development capabilities.
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In a remarkable industrial transformation, China’s lithium battery sector has evolved from a fledgling player to a global leader in just 15 years.
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The global battery industry has gathered at the Yibin International Convention and Exhibition Center in Sichuan for an industry summit themed "New Vision, New Ecology, New Opportunities."
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After more than two years in a downturn, the lithium hexafluorophosphate market is experiencing a strong recovery, with prices skyrocketing nearly 70% in just one month and breaking through the 100,000 RMB barrier. According to Wind data, on October 31, the price of lithium hexafluorophosphate was reported at 107,500 RMB per ton, a sharp increase of 76.23% from 61,000 RMB per ton on September 30. Compared to the low of 49,300 RMB per ton in July, the increase has more than doubled. This round of price increases began in early October. During just three trading days, the average market price rose by over 20%, with some spot transaction prices reaching as high as 75,000 RMB per ton. By the end of October, the price of lithium hexafluorophosphate had stayed above the 100,000 RMB per ton mark for four consecutive days.
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