Here’s why Slate changed the battery in its cheap EV truck
Slate changed the battery in its cheap EV truck to a lithium iron phosphate (LFP) battery, a decision that had been building for years. This shift from a nickel-manganese-cobalt (NMC) battery offers a lower cost per kilowatt-hour and improved safety, though it typically comes with a slight reduction in energy density. The company's decision reflects a broader industry trend towards LFP batteries, particularly for entry-level electric vehicles, due to their cost-effectiveness and longer lifespan. Slate's move is anticipated to make their electric truck more accessible to a wider consumer base by reducing manufacturing costs. The company aims to balance performance with affordability, a critical factor in the competitive electric vehicle market. This strategic battery change is expected to enhance the truck's appeal without significantly compromising its utility for everyday use.
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