This has seen many turning to lower-cost battery chemistries like LFP (lithium iron phosphate). In fact, IDTechEx found that 33% of the global EV market used LFP cells in 2024. However, the trade-off ...
According to a newly published patent filing, GM is joining a few other players in the automotive and battery industries in developing mixed chemistry EV battery packs. Using multiple types of ...
Electric vehicle battery packs are cheaper than ever. The average cost of lithium-ion battery packs has dropped 20% in 2024, hitting $115 per kilowatt-hour (kWh), according to BloombergNEF’s ...