Nissan wants to lower EV prices with cheaper LFP batteries to rival BYD
Electrek
JANUARY 30, 2024
Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. With cheaper materials, the batteries are about 20% to 30% cheaper to build than lithium-ion batteries with NCM. The move will put it in direct competition with BYD , the leading LFP battery maker.
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