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Tesla announces big plans for cheaper iron-based batteries

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Proponents of lithium iron phosphate battery technology cite abundance and low cost of iron

By Greg Wehner FOXBusiness

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https://static.foxnews.com/static/orion/html/video/iframe/vod.html?v=20230405181158#uid=fnc-embed-1&url=www.foxbusiness.com%2Fmarkets%2Ftesla-announces-plans-cheaper-iron-based-batteries

Can Elon Musk deliver on Tesla?

Tesla Inc. is planning to install iron-based batteries that are not only cheaper, but less of a fire hazard, in a version of an affordable electric vehicle and a semi heavy electric truck, according to reports.

Reuters reported that Tesla CEO Elon Musk is a big proponent of lithium iron phosphate (LFP) battery technology and was quoted as saying in March that “the vast majority of the heavy lifting for electrification will be iron-based cells.”

The Tesla Inc. logo

The Tesla Inc. logo is seen on the grille of a Model X electric vehicle at the Moscow Tesla Club in Moscow, Russia, on Friday, July 20, 2018. Tesla may nearly double the number of cars its selling in Russia after a mobile-phone retailer backed by bil (Photographer: Andrey Rudakov/Bloomberg via Getty Images / Getty Images)

Tesla currently uses nickel-based batteries which allow vehicles such as the company’s Semi electric trucks to go 500 miles on a single charge. The Model 3 and Model Y vehicles also use nickel-based batteries, which have a capacity of 75 kilowatt-hours (kWh), as opposed to LFP batteries, which will be able to hold 53 kWh.

TESLA WORKERS SHARED SENSITIVE IMAGES RECORDED BY CUSTOMER CARS

Chinese suppliers dominate the LFP industry and getting those suppliers to build factories in the U.S. could be a challenge given heightened political tensions between the U.S. and China.

On Wednesday, Tesla released the “Master Plan Part 3,” which includes plans to begin using LFP batteries on short-range Semi light trucks, though a launch date was not specified.

Tesla supercharging station in California

Tesla vehicle is charged at a Tesla supercharging station in Kettleman City, Calif., Jan. 25, 2023. (Reuters/Mike Blake / Reuters Photos)

While the most recent Semi electric truck released in December has a 500-mile range on a nickel-based battery, the company plans to release a 300-mile range truck.

TESLA SHARES SLIDE AFTER DE

Tesla announces big plans for cheaper iron-based batteries

Proponents of lithium iron phosphate battery technology cite abundance and low cost of iron

By Greg Wehner FOXBusiness

close

https://static.foxnews.com/static/orion/html/video/iframe/vod.html?v=20230405181158#uid=fnc-embed-1&url=www.foxbusiness.com%2Fmarkets%2Ftesla-announces-plans-cheaper-iron-based-batteries

Can Elon Musk deliver on Tesla?

Tesla Inc. is planning to install iron-based batteries that are not only cheaper, but less of a fire hazard, in a version of an affordable electric vehicle and a semi heavy electric truck, according to reports.

Reuters reported that Tesla CEO Elon Musk is a big proponent of lithium iron phosphate (LFP) battery technology and was quoted as saying in March that “the vast majority of the heavy lifting for electrification will be iron-based cells.”

The Tesla Inc. logo

The Tesla Inc. logo is seen on the grille of a Model X electric vehicle at the Moscow Tesla Club in Moscow, Russia, on Friday, July 20, 2018. Tesla may nearly double the number of cars its selling in Russia after a mobile-phone retailer backed by bil (Photographer: Andrey Rudakov/Bloomberg via Getty Images / Getty Images)

Tesla currently uses nickel-based batteries which allow vehicles such as the company’s Semi electric trucks to go 500 miles on a single charge. The Model 3 and Model Y vehicles also use nickel-based batteries, which have a capacity of 75 kilowatt-hours (kWh), as opposed to LFP batteries, which will be able to hold 53 kWh.

TESLA WORKERS SHARED SENSITIVE IMAGES RECORDED BY CUSTOMER CARS

Chinese suppliers dominate the LFP industry and getting those suppliers to build factories in the U.S. could be a challenge given heightened political tensions between the U.S. and China.

On Wednesday, Tesla released the “Master Plan Part 3,” which includes plans to begin using LFP batteries on short-range Semi light trucks, though a launch date was not specified.

Tesla supercharging station in California

Tesla vehicle is charged at a Tesla supercharging station in Kettleman City, Calif., Jan. 25, 2023. (Reuters/Mike Blake / Reuters Photos)

While the most recent Semi electric truck released in December has a 500-mile range on a nickel-based battery, the company plans to release a 300-mile range truck.

TESLA SHARES SLIDE AFTER DE

Proponents of lithium iron phosphate battery technology cite abundance and low cost of iron

By Greg Wehner FOXBusiness

close

https://static.foxnews.com/static/orion/html/video/iframe/vod.html?v=20230405181158#uid=fnc-embed-1&url=www.foxbusiness.com%2Fmarkets%2Ftesla-announces-plans-cheaper-iron-based-batteries

Can Elon Musk deliver on Tesla?

Tesla Inc. is planning to install iron-based batteries that are not only cheaper, but less of a fire hazard, in a version of an affordable electric vehicle and a semi heavy electric truck, according to reports.

Reuters reported that Tesla CEO Elon Musk is a big proponent of lithium iron phosphate (LFP) battery technology and was quoted as saying in March that “the vast majority of the heavy lifting for electrification will be iron-based cells.”

The Tesla Inc. logo

The Tesla Inc. logo is seen on the grille of a Model X electric vehicle at the Moscow Tesla Club in Moscow, Russia, on Friday, July 20, 2018. Tesla may nearly double the number of cars its selling in Russia after a mobile-phone retailer backed by bil (Photographer: Andrey Rudakov/Bloomberg via Getty Images / Getty Images)

Tesla currently uses nickel-based batteries which allow vehicles such as the company’s Semi electric trucks to go 500 miles on a single charge. The Model 3 and Model Y vehicles also use nickel-based batteries, which have a capacity of 75 kilowatt-hours (kWh), as opposed to LFP batteries, which will be able to hold 53 kWh.

TESLA WORKERS SHARED SENSITIVE IMAGES RECORDED BY CUSTOMER CARS

Chinese suppliers dominate the LFP industry and getting those suppliers to build factories in the U.S. could be a challenge given heightened political tensions between the U.S. and China.

On Wednesday, Tesla released the “Master Plan Part 3,” which includes plans to begin using LFP batteries on short-range Semi light trucks, though a launch date was not specified.

Tesla supercharging station in California

Tesla vehicle is charged at a Tesla supercharging station in Kettleman City, Calif., Jan. 25, 2023. (Reuters/Mike Blake / Reuters Photos)

While the most recent Semi electric truck released in December has a 500-mile range on a nickel-based battery, the company plans to release a 300-mile range truck.

TESLA SHARES SLIDE AFTER DE

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