Carmakers Like Ford Are Betting On Lithium Iron Phosphate Battery Chemistries As Electric Vehicles Continue To Increase In Demand

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[{"type":"text","content":"Carmakers Like Ford Are Betting On Lithium Iron Phosphate Battery Chemistries As Electric Vehicles Continue To Increase In Demand\n \n \n (NewsDirect)\n \n \n By Faith Ashmore, Benzinga\n \n \n \n Ford Motors\n \n (NYSE: F)\n \n \n just\nannounced\n \n \n that it will be introducing a lithium iron phosphate\n(LFP) battery in the Mustang Mach-E models later this year with plans\nto introduce LFPs into the F-150 Lighting next year. Ford is joining a\ngrowing number of carmakers that are transitioning away from nickel\nand cobalt-based lithium-ion batteries in favor of LFP’s\nchemistries.\n \n \n By\nthe end of the decade, LFPs are projected to be the\n \n \n leading\nbattery chemistry for EVs\n \n \n , replacing their cobalt and\nnickel-based lithium-ion predecessor. Companies like Tesla, Rivian,\nand Volkswagen are among the companies that have decided to\n \n \n make\nthe switch to LFP batteries for all of their standard-range vehicles\nin North America\n \n \n .\n \n \n LFPs are less expensive battery compositions with a\nlower energy density that is ideal for short-range models. LFPs have\nalso been shown to have a higher tolerance for faster and more\nfrequent charging, as well as being able to hold a full charge for\nlonger. All of this translates to cheaper and better EVs.\n \n \n In order to succeed in the transition to\nLFPs, Ford announced they are planning to\n \n \n invest\n$3.5 billion to construct an LFP battery plant in the US\n \n \n ; this\nwill be the first automaker-backed LFP plant and it is expected to be\ncompleted in 2026. This development is great for the environment but\nit begs the question, does Ford and other North American carmakers\nhave the necessary raw materials to control the supply\nchain?\n \n \n How Arianne Phosphate Could Be Redefining North American\nPhosphate Supply\n \n \n \n Arianne Phosphate Inc.\n \n (OTCMKTS: DRRSF) is a phosphate\nmining company that says it is poised to help meet the growing demand\nfor phosphate used in batteries, and it could be poised to become a\nkey supplier. The company’s Lac à Paul project is a response to the\ngrowing global demand for phosphate. The Lac à Paul project is a\nfully permitted, shovel-ready project.\n \n \n In the coming decades, the\n \n \n electric\nvehicle (EV) market is set to explode\n \n \n and companies like Ford\ns...

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