The proportion of LFP battery in electric vehicle will continue to hit record highs in 2022

According to Researcher and Research LLC, a new high share of lithium-iron-phosphate (LFP) battery in global electric vehicle (EV) market (in terms of MWh) was 19.2% in March 2022, as shown in figure 1. We expect the share of EV using LFP battery continues to reach new highs this year, mainly driven by sales from Tesla, BYD, GM (Wuling), Chery, GreatWall, XPeng and etc.   Figure 1  Share (MWh) of LFP battery in global EV market   Most of EV models using LFP battery were manufactured and sold in the Chinese market last year, and the share of LFP battery in the Chinese EV market has challenged the dominance of ternary lithium battery such as nickel-manganese-cobalt (NMC) and nickel-cobalt-aluminum (NCA). With the successive shipments of some of Tesla’s models equipped with LFP battery, LFP battery has entered the global market. The performance of early LFP battery was seriously behind

2022-04-29T06:13:18-07:00May 2nd, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , , |

Will Tesla add a second LFP battery supplier?

Although Tesla is known for its innovation in the automotive industry, Tesla has begun to realize that it should not pay too much attention to technical details and perfect design during the development of Tesla Roadster. And then Tesla transformed itself into a company that stressed both innovative performance and cost management when developing Model S and Model X. And Tesla attached greater importance to the implementation management of feasible solutions for Model 3 and Model Y. Tesla quickly reached the stage of cost control. Tesla is actively looking for various components and suitable solutions that can reduce costs and continues to simplify vehicle structure and manufacturing processes. As a result, Tesla can be said to be a combination of the innovative nature of tech companies in Silicon Valley and the ability of traditional automakers to focus on production costs. Like Apple, Tesla is doing practical research and development, with

2022-03-07T04:23:46-08:00March 7th, 2022|Categories: Global EV Snapshot|Tags: , , , , , , |
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