EV Companies Not Using Iron LFP Batteries Are Doomed
Volkswagen, Ford and GM are making nickel batteries. Nickel batteries are currently about twice as expensive as iron LFP batteries. LFP battery volume will be about 80% of the total battery market in 2024-2025. Nickel prices are increasing and LFP battery mass production will drive down their prices faster. Iron LFP batteries could become three …