CATL has become a world leader in the production of traction batteries precisely by using a combination of lithium and iron phosphate, which are abundant in nature and cheaper than nickel, manganese and cobalt. At the same time, the manufacturer managed to solve the problem of low charge storage density of LFP batteries - the newest one offers a range of up to 1000 km without recharging. Image Source: MyDrivers
Source: 3dnews.ru