Lithium iron phosphate (LFP) and lithium nickel manganese cobalt (NMC) are both members of the lithium-ion battery family. Lithium is a lightweight metal used to make small high-capacity batteries.

Both types of lithium-ion batteries have their pros and cons. The competition for “better battery” really depends on the application you need to use the battery with. Lithium-iron phosphate batteries are used with portable and stationary devices. They can be placed in anything like a mobile phone or a battery backup application.