Bangalore Based Startup to Bringdown The EV Price By 40%
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MAY 29, 2022
The cell costs around 70% of the cost of a standard battery, whereas the battery costs 40-45% of the cost of an electric vehicle. The solution is to switch to lithium, iron, phosphate (LFP) or lithium titanate (LTO) chemistry. Now moving on to the economics. Tesla has lately switched to LFP for its basic range cars.
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