The LFP battery comeback is underway.
Panasonic is one of world's biggest battery cell makers, but as strange as it may seem, the company is in a fragile position.
It comes as an European response to China's dominance in this field.
Currently the most energy dense battery packs made with cobalt-free LFP (LiFePO4) cells in China are being used by electric buses.
The first generation NCM 811 battery cells from CATL and SK Innovation are now on top of the list of the most energy dense cells used in China.