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Tesla switching to LFP for US Model 3s?

Posted on - 09 Sep 2021

Category - News & Views

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....

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Topics

Batteries EVs LFP NCA Range Tesla