Battery recycling company Battery Solutions announced on April 21 that it has partnered with BYD, the world’s top EV seller, to enter the LFP (lithium iron phosphate) battery recycling market in South Korea for the first time.

On April 16, Easpring disclosed that it is accelerating the layout of its lithium iron phosphate integrated business. Beijing Easpring Material Technology Co., Ltd. signed "Equity Transfer Agreements" on April 15, 2026, with Zhejiang Youshan New Material Technology Co., Ltd. and Yunnan Yuntianhua Co., Ltd. regarding the transfer of partial equity interests in Yunnan Youtian New Energy Technology Co., Ltd. and Yunnan Yunyuneng New Materials Co., Ltd., respectively. Easpring plans to use its own or self-raised funds totaling 145 million yuan to purchase 51% equity in Youtian Technology and 49% equity in Juneng New Material held by Youshan Technology.

Key takeaways: Rapid growth: LFP cathode materials (+60%), iron phosphate (+67%), and LiPF6 (+38%) saw significant production expansion, reflecting strong demand from power batteries and energy storage. New-type materials such as LMFP and composite sodium iron phosphate grew by over 90%, entering the commercialisation phase.

MGL announced that the company plans to sign an investment agreement with the Management Committee of Dazhou High-tech Industrial Park and invest 500 million yuan to establish a wholly-owned subsidiary, Sichuan MGL New Material Technology Co., Ltd., to implement the fourth-generation and beyond lithium iron phosphate integrated project. This project includes two sub-projects: lithium iron phosphate and iron phosphate, both to be constructed in two phases. The lithium iron phosphate sub-project involves a total investment of approximately 1.8 billion yuan, while the iron phosphate sub-project involves a total investment of approximately 1.2 billion yuan, bringing the combined total investment to approximately 3 billion yuan.

Recently, the Binhe Haoyu 100MW/200MWh independent energy storage station in Zhucheng completed acceptance and entered commercial operation. The project was invested in by an energy storage industry fund jointly initiated by Corun, CALB, and Kaibo Capital. It was jointly developed by members of the large energy storage ecosystem consortium, including Corun, CALC, Goxia Technology, Duanrui Technology, and Star Energy New Energy. The station adopts a hybrid energy storage technology route combining "lithium iron phosphate + all-vanadium redox flow batteries," which can meet the grid's full-time-scale regulation needs while significantly reducing the lifecycle levelized cost of energy, enhancing overall system economy and safety, and maximizing operational efficiency and economic benefits.

On April 1, ChuNeng New Energy showcased its full-scenario energy storage solutions at the ESIE 2026 exhibition, demonstrating for the first time a 6.25MWh energy storage system solution based on the integration of 588Ah batteries and CTP3.0 module-less technology, attracting significant industry attention. As the industry's first solution deeply integrating 588Ah large-format cells with CTP3.0 module-less technology, it demonstrates unique value in dimensions such as system integration efficiency, thermal management safety, and large-scale application. Within the lithium iron phosphate system, the 588Ah battery achieves leading performance with a gravimetric energy density of 190Wh/kg, a volumetric energy density of 419Wh/L, and an energy efficiency of 96.5%.