2023-09-18 07:00:00
This is the new fashionable acronym in the automotive industry: LFP. It designates a particular type of lithium-ion battery, composed of a lithium-iron-phosphate alloy. This electrochemical choice is beginning to seriously compete with the reference composition on the market, NMC (nickel-manganese-cobalt, present at the cathode in different proportions depending on the desired performance). And over the next few years, the trend could accelerate. After the precursor Tesla, many car manufacturers are taking the plunge and starting to offer LFP batteries on some of their models, including in Europe where NMC chemistries were until now the only option.
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 aims 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 reportedly in full negotiation with its future supplier Envision to be supplied with LFP batteries, according to information from Les Echos.
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#Hyundai #Toyota #Ford #Stellantis #Tesla #Renault #Manufacturers #rushing #lithiumironphosphate #LFP #batteries