US LFP demand to take a hit in near term as Tesla cancels entry level Model 3

Generic EV Battery Pack on Electric Car Production Line inside Modern Factory.

Tesla’s decision to stop selling the Model 3 Standard Range in North America in October will lead to a significant drop in demand for lithium iron phosphate (LFP) batteries in the region in the near term, Benchmark data shows. The US electric vehicle maker’s latest move could see North American LFP cell demand drop by […]

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