CnEVPost Newsletter: Nio files to use LFP batteries; Tesla basic Model Y sold out in China

Nio files to use LFP batteries that are expected to bring down costs

Offering new variants with LFP batteries is a means for some EV makers to cut prices, and Xpeng's LFP version of the P7i, launched last month, has lowered the starting price by RMB 26,000 yuan.