Chinese electric vehicle startup Xpeng has reported its car sales in February 2021. The company sold 2,223 electric vehicles, which is 57% more than a year earlier and slightly less than in January 2021. The latter is easily explained by the Chinese New Year Week.
The company also promised in its message to offer batteries based on lithium iron phosphate batteries for the P7 sedan and G3 crossover.
This type of food is becoming more and more popular. Thus, the BYD brand uses these batteries of its own production. Also, since last year, lithium iron phosphate batteries have been installed on the base versions of Tesla Model 3 electric vehicles, which are made at a factory in Shanghai. A few days ago, Elon Musk announced that his company intends to use similar batteries for basic versions of American-made electric cars.
Traditional lithium-ion batteries use nickel in the cathode. This metal has recently been in short supply, and the nickel cathode is degrading relatively quickly.
Lithium-iron-phosphate batteries have a long resource, they deteriorate less when overheated, and most importantly, they are much cheaper. Their disadvantage is their lower capacity in relation to weight. In other words, these batteries either weigh more or provide less range.
As in the case of Tesla, Xpang is expected to receive a new type of battery in basic versions of electric vehicles. They will be inferior in power reserve, but they will become preferable in terms of resource and price.