What? Patents have been a non-issue for LFP batteries, and the original LFP patents are almost useless today. All the new advances that made LFPs competitive are still well-protected by patents, for at least another decade.

Lithium iron phosphate batteries are very practical. Chinese BYD has developed blade batteries using this type of battery and has become the global sales leader in new energy vehicles. However, this battery faces range limitations and the issue of how to improve charging speed. Solid-state batteries should be the next big thing, but mass production may not be feasible yet. At least, it might take 3 more years for commercialization, and that's still an optimistic prediction.