TexPower and Tinci Collaborate on Lithium Iron Phosphate Development

TexPower EV Technologies Inc. announced on September 10, 2024, its collaboration with Guangzhou Tinci Materials Technology Co. to introduce Lithium Iron Phosphate (LFP) cathode active material into its product lineup. This partnership allows TexPower to utilize Tinci's licensed LFP technology specifically for the North American market, enhancing the company's capabilities in lithium-ion battery development. Manufacturing will take place at TexPower's facility in Houston, Texas, which currently operates a pilot line with a capacity of 15 tons per year. The Houston site is under evaluation for a significant expansion, aiming for up to 20 GWh of cathode production by 2027, with production expected to commence in 2026. This initiative aligns with the requirements of the Inflation Reduction Act, ensuring compliance and supporting U.S. manufacturing of lithium-ion batteries. The collaboration is seen as a strategic move to meet the growing demand for high-performance, cost-competitive cathode materials in various applications. Litao Shi, CTO of Tinci, expressed enthusiasm about working with TexPower, highlighting the dynamic nature of the partnership and the potential to bring existing LFP technology to a rapidly evolving market. Wangda Li, CTO of TexPower, emphasized the company's commitment to becoming a leading supplier of U.S.-made cathodes by 2030, contributing to the expansion of domestic battery manufacturing. TexPower, which spun out from the University of Texas at Austin in 2020, aims to leverage innovative technologies in lithium-ion batteries, focusing on cobalt-free materials. Tinci, established in 2000, has a strong presence in the lithium-ion battery materials sector, with a significant market share in battery electrolyte production, further solidifying the collaboration's potential impact on the industry.