There should be a far less expensive battery to support an electric vehicle that is cost effective. In this regard, a number of auto manufacturers are planning to adopt Lithium-iron-phosphate batteries, also referred to as LFP, a battery that China uses largely and whose battery cells are less expensive than those made of nickel and cobalt.
Ford Motor Co. and other EV manufacturers, including Tesla, agree that the use of lithium iron phosphate batteries, which have a lower energy density, might actually reduce the…
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