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Tesla made 1.6 billion in Q3, is switching to LFP batteries globally

Tesla is switching battery chemistry for all standard-range Models 3 and Y. Until now, most Teslas have used batteries with a nickel cobalt aluminum (NCA) chemistry. But recently it started offering an alternative using an older technology that uses a lithium iron phosphate (LFP) chemistry. (Most other BEVs use a nickel manganese cobalt chemistry.)

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