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Elon Musk said recently that he expects much of the car industry will move towards to lithium iron phosphate (LiFePO4) cell chemistry, which contains no cobalt
by Reason077 5y ago
Elon Musk said recently that he expects much of the car industry will move towards to lithium iron phosphate (LiFePO4) cell chemistry, which contains no cobalt or nickel.
LiFePO4 has somewhat lower energy density compared to nickel-based chemistries, but significant cost advantages.
Tesla already uses LiFePO4 cells in many of its standard-range Model 3 vehicles.
- Reason077 5y agoFor those downvoting this, here is the source: "Tesla uses no cobalt in the iron phosphate packs and almost none in the nickel-based chemistries. I think probably there is a long-term shift more in the direction of iron-based lithium-ion cells rather over nickel ... I think probably we'll see a shift -- my guess is probably to two-thirds iron, one-third nickel, or something on that order. And this is actually good because there's plenty of iron in the world. There's an insane amount of iron. But nickel, there's much less nickel, and there's way less cobalt." - Elon Musk -- Chief Executive Officer Tesla (TSLA) Q2 2021 Earnings Call Transcript: https://www.fool.com/earnings/call-transcripts/2021/07/27/tesla-tsla-q2-2021-earnings-call-transcript/ https://www.fool.com/earnings/call-transcripts/2021/07/27/te...