Ford could introduce electrical automobiles outfitted with Lithium Iron Phosphate (LFP) batteries, along with its presently used NCM chemistry.
The potential for such a transfer was hinted at by Ford CEO Jim Farley throughout a Q&A session on the current earnings name (through Electrek):
“Sure. We’ve been engaged on LFP for fairly a while, so let’s simply depart it at that. What I imply by that’s engineering LFP options in our first era of merchandise is one thing that we see as an enormous alternative to maneuver rapidly.”
It seems that Ford is already accustomed to the LFP batteries and may proceed rapidly to supply LFP-powered variations of its present era electrical automobiles, which embrace the Ford Mustang Mach-E, Ford E-Transit and Ford F-150 Lightning.
We assume that as a result of decrease power density, the LFP cells can be used within the entry-level variations (with a decrease driving vary) of among the fashions. The Ford E-Transit seems like an ideal candidate, as not all business van purposes require lengthy vary. Who is aware of, perhaps the Mach-E and F-150 Lightning would even be thought of.
The advantage of that might be a extra inexpensive, and possibly extra environmentally-friendly battery possibility (no cobalt and nickel, excessive cycle/calendar life and security).
Tesla already has moved to mass implementation of LFP and nearly half of its electrical vehicles, produced in Q1 2022 had been LFP-powered. A number of different EV producers are additionally including LFP choices, together with Rivian (partially owned by Ford), which introduced LFP battery packs for R1T pickups/R1S SUVs and EDV vans.
The addition of LFP to different high-energy dense battery chemistries by Ford wouldn’t be a shock. It is only a particular lithium-ion cathode chemistry, which has its benefits and drawbacks and will be efficiently utilized in some merchandise.
An fascinating factor, not essentially associated to Ford, is that in current months, we heard about new LFP battery gigafactory initiatives in North America.
One such challenge is the rumored upcoming CATL funding in Mexico (CATL might be the world’s largest LFP battery producer, though it produces different battery sorts as nicely). Ford produces in Mexico the Mach-E mannequin. One other is Gotion Excessive-Tech challenge within the US (an settlement with an undisclosed producer, associated to a minimum of 200 GWh of LFP batteries between 2023-2028).