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.
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