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.
Koreans have prepared a luxury electric car. Genesis, owned by Hyundai, showed a luxury electric coupe called Essentia at the New York Auto Show. This is the first premium electric car from Hyundai. And it has all the creative… Continue reading
The Chinese electric scooter manufacturer Niu continues to grow. Niu plans to expand further and mentions a partnership with Volkswagen. The share price also responds positively to the development of the Chinese manufacturer. Thus,… Continue reading
The first electric car produced in Turkey will have a range of 500 km and will be launched in the second half of 2022. Industry Minister Mustafa Varank declared this to journalists. A prototype will be shown at the end of this year. Continue reading
Arnold Schwarzenegger has always been very sensitive to the topic of electric mobility. The actor and former Governor of California has a Mercedes G-Class converted to electric. Moreover, Schwarzenegger had participated two years ago in… Continue reading
