1. “LFP has both positive and negative trade-offs,” said Sam Abuelsamid, Guidehouse Insights principal analyst. “It’s significantly cheaper and doesn’t require any nickel or cobalt. It’s also more stable, which makes it safer.”
One major downside: The cells are less energy-dense, which means they offer lower range for the same weight as other cells. Cold weather also affects them more, Abuelsamid said.
Abuelsamid believes Tesla’s change is “probably a smart idea because they probably aren’t go to lower prices so it will likely boost their bottom line.”
2. The two top producers of these types of battery cells are CATL and BYD. Tesla is already procuring batteries from CATL the companies have previously disclosed.