In order to be able to sell the production version of the all-electric Renault 5 Prototype planned for 2023 at a profit, Renault is analyzing the LFP batteries. The price range of the Renault 5 should be between 20,000 and 30,000 euros.
The LFP batteries (lithium iron phosphate batteries) have a more reasonable price and together with the new CMF-B EV platform for compact electric vehicles, could ensure that this goal is easily achieved.
LFP batteries are more stable and more resistant to damages in the event of an accident. LFP batteries don't contain cobalt, which is still one of the most expensive metals in battery manufacturing. This is one of the reasons why they are cheaper than lithium-ion batteries with NMC (nickel, manganese and cobalt) cathodes. But, the energy density of LFP batteries is lower than that of NMC batteries. Also, LFP batteries can only offer reduced performance in cold weather.
However, it is unclear whether the electric Renault 5 will be offered exclusively with LFP batteries.
LFP batteries are not new technology. They are currently mainly used in China. For example, Tesla is now delivering its Model 3 SR + with LFP battery cells from CATL.
A Compact SUV Built for Practical Results Mercedes-Benz pushes its compact SUV line with the 2026 GLB. The company focuses on three outcomes: more range, more space, and more digital… Continue reading
The German brand Porsche announces that it will double its investment in the development of electric vehicles from this time until the year 2022: it will exceed 6,000 million euros. The move to all-electric cars seems necessary for any car manufacturer… Continue reading
Volkswagen is preparing to launch the ID family of 100% electric vehicles. However, it also intends to offer new propulsion options by combining traditional gasoline or diesel engines with electricity and natural gas, offering hybrid versions… Continue reading
The charging station register of the Federal Association of the Energy and Water Industries (BDEW) has currently around 17,400 public charging locations in Germany. From these, about twelve percent are fast-charging. More than three-quarters of the… Continue reading
