Rivian will switch some electric vehicles to cheaper LFP batteries
Hardware

Rivian will switch some electric vehicles to cheaper LFP batteries like Tesla

The electric vehicle manufacturer Rivian summarizes the results of the fourth quarter of 2021 and announced that it will use new battery types in its cars. Standard-class models use lithium iron phosphate (LFP) batteries, while long-range machines use high-nickel batteries.

Image source: rivian.com

Image source: rivian.com

The advantage of LFP batteries is that they do not require the use of expensive and difficult to obtain nickel and cobalt. In addition, they are less demanding to use in the electric vehicle industry compared to standard nickel, cobalt and aluminum oxide batteries, although they offer a lower capacity. LFP batteries can be fully discharged and recharged without damage, but you have to pay for this with a power reserve. Batteries with a high nickel content with the same or even lower weight offer not only a higher charge density and longer range, but also the possibility of charging faster.

The first LFP batteries for Rivian will be produced by one of the partners, but in the future the company will set up its own production. Batteries of a new type offer companies significant cost savings while keeping the machine stock running: it touches the EDV-700 model, specially designed for Amazon business, as well as consumer pickup R1T and crossover R1S – last received about 416 km reserve.

Tesla announced its intention to switch on LFP batteries for basic versions of cars in October 2021, accepting the arguments of Chinese manufacturers of electric vehicles and batteries – China is based in the production of about 95% of the cathodes for such batteries.

Rivian also said that the net loss in the fourth quarter of 2021 was $2.46 billion on sales of $54 million and the company can only produce 25,000 electric vehicles in 2022. Following the statement, its shares fell 12%.

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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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