LFP Batteries Power the Cheap EV Revolution | Tech News

A new electric truck, the Slate, is slashing prices with a base model under $25K—thanks to affordable lithium iron phosphate (LFP) batteries. Though invented in the U.S., LFP production is dominated by China—until recently. A 2022 EV tax credit rule that favored domestic battery sourcing was relaxed last summer, making LFP a smarter, cheaper bet for automakers like Ford and GM. Slate will use U.S.-made LFP batteries from Gotion in Illinois. While LFP is booming in affordable EVs like Teslas and Bolts, most U.S. LFP production is still going into stationary storage—not cars. China still controls the supply chain, and building a true domestic battery industry will require massive investment and stable policy, not just shifting incentives. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/69cc730b560a788f