A new generation of cheaper batteries is sweeping the EV industry
A form of lithium-ion battery called LFP is becoming increasingly popular among automakers due to its advantages on cost, safety, and materials.
lFP batteries are not new. The BYD E6 had them since 2009
Surely the savings will be passed to the consumers…
It's just about LFP which are very common now. The new trend is sodium ion instead of lithium ion. CATL (battery manufacturer in China) is shipping those now, and they are starting to appear in some cars.