The LFPs in query are made by China’s Modern Amperex Expertise Co., or CATL, now the world’s largest battery maker. Provide is ample: Over the previous few months, installations of such batteries have surpassed these of the extra favored nickel-cobalt-manganese selection, that are extra superior. CATL has managed to deliver down costs, too – one other barrier to adoption. What’s extra, China successfully has a monopoly on the manufacturing of LFPs, with the very best capability to provide them. That’s dangerous information for Tesla’s rivals.
https://www.washingtonpost.com/enterprise/power/tesla-made-asmart-bet-in-china-its-paying-off/2021/10/21/09880e5e-3237-11ec-8036-7db255bff176_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Tesla Made a Sensible Wager in China. It’s Paying Off