4 ms·
The reason LFPs are becoming more prevalent is because LFPs have worse range but are cheaper, and we've reached the tail-end of the cost-vs-range bell curve. Or
by Qwertious 3y ago
The reason LFPs are becoming more prevalent is because LFPs have worse range but are cheaper, and we've reached the tail-end of the cost-vs-range bell curve. Or to put it another way, buyers are much more sensitive to 100miles vs 200miles, than they are 300 miles vs 400 miles. OEMs just don't need the extra range, not if it increases the pricetag.
It also does wonders for the supply chain - the N in NMC stands for Nickel, and most Nickel comes from Russia. The C stands for Cobalt, for that matter.
- Gare 3y agoAnd Cobalt comes from artisanal mines in Congo that utilize child labor. So definitely another plus for LFP there.
- KMag 3y agoAnd (no joke) the word Cobalt comes from the belief that Kobolds were defending Saxon silver mines with toxic minerals. We've known for a long time that Cobalt compounds are pretty toxic to miners.
- tooltalk 3y ago80% of cobalt mines in Congo are owned and operated by the Chinese battery companies, such as CATL, the largest producer of LFP.