Tesla will change the type of battery cells it uses in all its standard-range cars
Publishing timestamp: 2021-10-20 23:03:57
Summary
Tesla is changing the battery cell chemistry in its standard range vehicles to lithium-iron-phosphate (LFP) to potentially increase profit margins without raising prices. LFP batteries are cheaper and safer, but have lower energy density and are more affected by cold weather. Other automakers are also interested in this battery chemistry for lower-priced models.
Sentiment: MIXED
Keywords: business news, tesla inc, environment, transportation, climate, volkswagen ag, autos, ford motor co, business,
Source: https://www.cnbc.com/2021/10/20/tesla-switching-to-lfp-batteries-in-all-standard-range-cars.html