Exclusive SMM analysis: High-nickel ternary materials vs LFP batteries, which will be leading the development trend in the next three years?
Tesla is likely to use lithium iron phosphate (LFP) batteries from CATL in Tesla Model 3 vehicles made at its China plant, which triggered talks about future development of LFP and ternary batteries.
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LFP
Ternary battery
Cobalt
Lithium