This could have ramifications for Canadians, assuming that they use this battery technology for Canadian models due to being more affected by cold weather:
www.cnbc.com
“LFP has both positive and negative trade-offs,” said Sam Abuelsamid, Guidehouse Insights principal analyst. “It’s significantly cheaper and doesn’t require any nickel or cobalt. It’s also more stable, which makes it safer.”
One major downside: The cells are less energy-dense, which means they offer lower range for the same weight as other cells. Cold weather also affects them more, Abuelsamid said.
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Tesla will change the type of battery cells it uses in all its standard-range cars
The move is likely a way for Tesla to increase profit margins on its vehicles, while not necessarily having to raise vehicle prices.