Tesla introduces LiFePo cathodes for all its standard-range vehicles

November 01, 2021
Last Updated:
November 01, 2021
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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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