Lithium iron phosphate battery packs are widely employed for energy storage in electrified vehicles and power grids. However, their flat voltage curves rendering the weakly observable state of charge are a critical stumbling block for charge equalization management. This paper focuses on realtime active balancing of series-connected lithium iron phosphate batteries. In the absence of accurate in-situ state information in the voltage plateau, a balancing current ratio (BCR) based algorithm is proposed for battery balancing. Then, BCR-based and voltage-based algorithms are fused, responsible for the balancing task within and beyond the voltage plateau, respectively. The balancing process is formulated as a batch-based run-to-run control problem, as the first time in the research area of battery management. The control algorithm acts in two timescales, including time-wise control within each batch run and batch-wise control at the end of each batch. Hardware-in-the-loop experiments demonstrate that the proposed balancing algorithm is able to release 97.1% of the theoretical capacity and can improve the capacity utilization by 5.7% from its benchmarking algorithm. Furthermore, the proposed algorithm can be coded in C language with the binary code in 118,328 bytes only and thus is readily implementable in real-time.