NEWS COMMENTARY

Tesla introduces LiFePo cathodes for all its standard-range vehicles

Published:
November 01, 2021
Last Updated:
November 01, 2021
Services:
Chemicals More...
Priorities:
Evolution of the Power Grid More...
Activities:
Supply deal
Very important

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.

For the original news article, click here .


Further Reading

London Metal Exchange halts nickel trading as prices reach USD 100,000/tonne

News Commentary | March 09, 2022

The Russian invasion of Ukraine has incited anxiety about global nickel supply, which relies on Russian mining companies like Nornickel for a bulk of that supply. Previously, a large firm had been building a short position, anticipating falling prices this year; however, the unexpected supply crunch... Not part of subscription

Deeproute.ai unveils Level 4 robotaxi fleet

News Commentary | April 27, 2022

Deeproute plans to deploy the fleet of 30 SAIC Motor Marvel R SUVs in Shenzen, China, in the next few months. The vehicles are equipped with Deeproute's Level 4 solution called Driver 2.0. The company claims its solution is designed specifically for mass production and adoption and expects to reduce... Not part of subscription

NACFE finds 50% of Class 8 trucks in the U.S. are ready for electrification

News Commentary | May 16, 2022

NACFE (the North American Council on Freight Efficiency) found that 50% of Class 8 regional haulage trucks are ready to be fully electrified today. This is actually a slight downward revision ofNACFE's claims in 2021 that 70% are electrifiable after conducting additional interviews with fleet owners... Not part of subscription