Lithium ion battery was first used by the electronics company in as early as 1990. Along with the core battery components, positive and negative electrodes and an electrolyte, Li-ion battery also uses a power management components which regulates the power and current discharge, which helps to avoid overheating of batteries and reducing the battery life.
The major difference between a lithium-ion and a lithium-polymer batteries is the type of chemical electrolyte that is used to fill in the space between their positive and negative electrodes. LiFePO4 (also denoted Li-Po) in fact does not use a liquid chemical. Instead it uses either: a dry solid (now obsolete); a porous chemical compound or a gel-like electrolyte. Our of the three medium, gel-electrolyte is the most popular and is the one which you see in the latest car batteries or in fact even laptop batteries.