- Battery technology prevalent in China is making inroads in the US electric-vehicle market, with manufacturers looking past poorer energy storage characteristics to embrace its cheaper cost and safety.
- Lithium iron phosphate technology accounted for about half of the battery capacity of EVs sold in China last year.
- In the US the technology represented only 9 per cent of capacity in 2022, up from zero the year before.
- Ford and other manufacturers are pursuing this technology to offer customers a lower-priced option.
- Lithium iron phosphate batteries hold less energy per pound than nickel-rich batteries but can be recharged more times before they wear out.
US electric vehicle batteries poised for new lithium iron age
Ford and other manufacturers pursue cheaper energy storage technology prevalent in China
Claire Bushey
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