NEWS COMMENTARY

Tesla introduces LiFePo cathodes for all its standard-range vehicles

Published:
November 01, 2021
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Chemicals More...
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Evolution of the Power Grid More...
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The announcement comes amid the rising nickel and cobalt prices across the globe. Tesla's switch to LFP can be viewed as a move toward cheaper production costs and mitigating supply chain risks in rare earth metals like nickel and cobalt. It should not be a surprise, as Tesla offers the LFP-based batteries for the Model 3 in China and has seen a rapid increase in production and sales. Although LFP-based cells are less energy-dense, their long cycle life and lower costs are the key factors for Tesla to switch to a cobalt-free cathode; the same was predicted through our Tesla Battery Day report. Clients should view this as a significant step by Tesla, as it will likely diversify its vehicle lineup by introducing short-range budget models.

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Further Reading

Automotive Battery Tracker: 2020 Update

State of the Market Report | March 08, 2021

Lux Research's Automotive Battery Tracker analyzes key trends related to the impact of electrification on the automotive industry. Leveraging multiple data sources for vehicle sales, combined with Lux's tracking of technical specifications for electrified vehicles, the Automotive Battery Tracker ... Not part of subscription

Tesla transitions to LFP in its Megapacks

News Commentary | June 30, 2021

Though Tesla has consistently used nickel‑based cathodes in its products – NCA cathodes in its vehicles and NMC in its stationary storage products – the company announced it would begin using LFP‑type cathodes in its stationary storage line of products. The move was probably motivated by several ... To read more, click here.

Automotive Battery Tracker: H1 2021 Update

State of the Market Report | October 29, 2021

Lux Research's Automotive Battery Tracker analyzes key trends related to the impact of electrification on the automotive industry. Leveraging multiple data sources for vehicle sales, combined with Lux's tracking of technical specifications for electrified vehicles, the Automotive Battery Tracker ... Not part of subscription