Mercedes Bets Entry-Level EV Buyers Will Accept Shorter Range
- Carmaker to use lithium-iron-phosphate batteries in 2024
- Tesla also shifted to LFP batteries for standard range models
Source: Mercedes-Benz AG
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Mercedes-Benz will shift to cheaper but less powerful batteries to contain soaring prices for some metals in its range of entry-level models.
The world’s biggest luxury-car maker will use lithium-iron-phosphate batteries for its next generation of models like the EQA and EQB from 2024 and 2025, Chief Executive Officer Ola Kallenius said in an interview in Atlanta.