Tesla will change the type of battery cells it uses in all its standard-range cars
KEY POINTS
- Tesla is changing the battery cell chemistry that it uses in its standard range vehicles, the automaker said Wednesday in its third-quarter investor deck.
- The new batteries will use a lithium-iron-phosphate (LFP) chemistry rather than nickel-cobalt-aluminum which Tesla will continue to use in its longer-range vehicles.
- The move is likely a way for Tesla to increase profit margins on its cars, while not necessarily having to raise prices.
https://www.cnbc.com/2021/10/20/tesla-switching-to-lfp-batteries-in-all-standard-range-cars.html
