Tesla switching to LFP for US Model 3s?
According to a number of media reports Tesla (NASDAQ:TSLA) is looking to start utilising LFP batteries for its Standard Range Model 3 cars in the US. This is quite a big deal, in our view. Firstly because Tesla has championed NCA and secondly because it has seemingly been all about range in recent years. LFP has a much smaller range than NCA, although it is cheaper. We’ve been saying for a while that the EV story is becoming increasingly dominated by price rather than range. Whenever we’ve said that we’ve been corrected (mostly by US commentators) that range is king....
Topics
Batteries
EVs
LFP
NCA
Range
Tesla
