NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
CATL, who is the largest Chinese EV battery maker with 35% world market share and who is supplying LFP cells to Tesla China factory, reported earnings yesterday. Its stock promptly lost 14%, because profits fell 41%.
CATL blames the problem on the high cost of materials, even though the LFP (lithium ferrous phosphate) cell chemistry makes no use of nickel and cobalt, which is used in other lithium cell chemistries for EVs and electronics.
CATL blames the problem on the high cost of materials, even though the LFP (lithium ferrous phosphate) cell chemistry makes no use of nickel and cobalt, which is used in other lithium cell chemistries for EVs and electronics.