As per the latest news(Tesla top model), Tesla is changing the battery chemistry it uses in all its standard-range electric vehicles. It is changing to a version with a lithium-iron-phosphate (LFP) cathode. This was as per the automaker on Wednesday in its third-quarter investor deck.
Tesla is doing this to increase profit margins on its fully electric cars. Though this move is not related to rising vehicle prices. In the past, Tesla has been criticized for sporadic vehicle price changes.
The manufacturing of the company vehicles happens with LFP chemistry at its factory in Shanghai. Mostly its sales are in China, the Asia-Pacific region, and Europe.
This battery is generally used by China. It promotes the use of this type of battery, as per the analysis by materials researcher and consultant Roskill. The firm notes that around 95% of LFP cathode manufacturing is produced in China.
Tesla will change the type of battery cells it uses in all its standard-range cars-Tesla top model
This decision of launching the battery car is due to these reasons. In September, Tesla asked Model 3 reservation holders in the US if they’d accept a car that had a battery made with LFP cells instead of the Nickel Cobalt Aluminum Oxide (NCA) cells that Tesla previously used for Model 3 sedans sold in North America.
As per Sam Abuelsamid, “LFP has both positive and negative trade-offs,”. Sam Abuelsamid, Guidehouse Insights principal analyst. According to his analysis “It’s significantly cheaper and doesn’t require any nickel or cobalt. It’s also more stable, which makes it safer.” Million-mile battery. When will Tesla million mile battery be available. What battery company does Tesla use. What battery company does Tesla use. Tesla million mile battery.Tesla million mile battery 2021.Tesla battery supplier 2021.Tesla car battery price 2021.
Final Note on Tesla top model
One more thing to add here is that the cells are less energy-dense, therefore they offer a lower range for the same weight as other cells. Cold weather also affects them more as per Abuelsamid.
This change by Tesla is “probably a smart idea because they probably aren’t going to lower prices so it will likely boost their bottom line.”
Other automakers such as Ford Motor and Volkswagen have expressed interest in the battery chemistry for lower-priced models, according to Abuelsamid.