Olga Blinkova | 03/02/2021
Nickel is an expensive metal and has limited supplies, so Tesla plans to replace it with iron by producing lithium iron phosphate (LFP) batteries. Such a tweet was published by the chapter
by Elon Musk. Earlier, Mr. Musk approached nickel producers with a request to increase the production of this metal.
Experts expect a noticeable shortage of nickel in the market over the next three years, and a real shortage is predicted in early 2023. In general, as calculated by the experts of the company Wood
Mackensie, global nickel consumption for electric vehicles will increase by 64% between 2019 and 2025.
Nickel is a component for the production of batteries for electric vehicles. So, Tesla is currently using nickel-cobalt-manganese batteries of the Korean company LG
Chem and nickel-cobalt-aluminum batteries from the Japanese company Panasonic.
Nickel has already risen in price by 16% since the beginning of the year.
Earlier, in the summer of 2020, Elon Musk said that Tesla is ready to provide a giant long-term contract for the purchase of nickel to the one who will produce this metal efficiently and safely for
Tesla Electric Cars
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