Seunghwan Hwang, CEO of XRB said “Vanadium batteries are almost the only non-lithium batteries that can compete with Chinese lithium iron phosphate (LFP) batteries, which are aggressively pursuing low prices.” He announced that he will establish a pilot factory as early as the end of this year and target domestic and overseas markets.

Apr. 26th 2024 etnews (Link: https://www.etnews.com/20240426000162)