FORD

Ford Mustang Mach-E will have lithium iron phosphate batteries, with that its consumer price will decrease

Like Tesla, Ford is betting on lithium iron phosphate batteries to be able to offer cheaper electric cars.

Lithium iron phosphate (LFP) batteries have a lower energy density than the lithium-ion battery types that are more common in electric cars. This means they have poorer range. Because they don't contain expensive metals like nickel and cobalt, they are cheaper. Another advantage is that they can withstand being fully charged repeatedly without taking damage.

Ford invests heavily in LFP batteries and, among other things, is building a large plant in Michigan, USA, to manufacture these batteries.

“We are determined to lead the electric car revolution, and that means we need to invest in the technology and jobs that allow us to remain at the forefront of this global transformation taking place in our industry,” said Bill Ford, president of Ford.

In 2023, the Ford Mustang Mach-E electric car will go on sale with LFP batteries. No pricing yet, but it will be lower than today's entry-level model.

by: Mundoquatrorodas