LFP Battery News — Is The End Of Nickel In Sight?
LFP (lithium iron phosphate) batteries don’t have quite the energy density of batteries that use cobalt and nickel, but they do have one distinct advantage — the raw materials needed to manufacture them are abundant, inexpensive, and available in almost every country in the world. As a result, they tend to be less expensive as well. Today, nickel prices have spiked to insane new heights, further highlighting the cost differential between LFP and conventional batteries. Higher nickel prices have already led automakers to raise the sale price of many EVs that are currently on the market.
