you dont have to be cheap to compete with LFP, if other aspects of the battery surpass it, e.g degredation, charging speed are two major examples, just having the alternative is a major step. being cheaper is generally just a byproduct of the fact that the supply chain hasn’t started mass producing it. If anyone is expecting newer battery tech to go guns a blazing, then they for example still dont understand why processor chips are still on silicon and not on like carbon nanotubes or graphene for example.

theres a typical huge wall in order to make new tech cheaper than the widely used current tech, especially if its supply chain has been there for over a decade.