Sunday, October 1, 2023

Hyundai, Toyota, Ford, Stellantis, Tesla, Renault… Manufacturers are launching lithium-iron-phosphate (LFP) batteries

This is the new trendy acronym in the automobile industry: LFP. Designates a particular type of lithium-ion battery, made up of an alloy of lithium, iron and phosphate. This electrochemical choice begins to seriously compete with the reference composition on the market, NMC (nickel-manganese-cobalt, present in the cathode in different proportions depending on the desired performance). And in the coming years, the trend could accelerate. After the precursor Tesla, many car manufacturers are taking the step and starting to offer LFP batteries in some of their models, even in Europe, where NMC chemistry was until now the only option.

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After the Korean Hyundai in March and the American Rivian in April, the Japanese Toyota announced on June 13 the entry into service of new LFP batteries by 2026 or 2027. The world’s leading manufacturer intends to develop “popular versions” of its vehicles using this technology. It also said it was targeting a 20% increase in range and a 40% reduction in cost compared to the NMC batteries it currently sells. For its part, Renault is in full negotiation with its future supplier Envision to be supplied with LFP batteries, according to information from Les Echos.

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