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Tesla reduces Model 3 prices in China and bumps the range with LFP batteries

Tesla has reduced the price of the Model 3 in China and bump the range as it introduces lithium iron phosphate (LFP) batteries.

As we have previously reported, Tesla has been planning to update its made-in-China Model 3 vehicles with lithium iron phosphate (LFP) batteries from Chinese battery maker CATL.

CEO Elon Musk recently mentioned that he believes the energy density of LFP batteries have improved enough that it now makes sense to use the cheaper and cobalt-free batteries in its lower-end vehicles.

Furthermore, the use of LFP batteries also free-up more battery supply of other battery chemistry for Tesla’s other vehicle programs.

After obtaining authorization to build Model 3 with LFP batteries in China earlier this summer, we now learn that Tesla has made the switch and updated its Model 3 lineup in China:

Tesla updated its online Model 3 configurator with the following new prices after incentives:

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Tesla to roll out China-made Model 3 cars with cobalt-free LFP batteries: sources

BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said.

Currently the Model 3 electric sedans made at the carmaker’s Chinese plant use nickel-manganese-cobalt (NMC) batteries. The starting price for the vehicles is currently 271,550 yuan ($39,900) after factoring in government subsidies.

Tesla will announce the product change as early as Thursday, the two sources said. They declined to be named as the matter is confidential.

Tesla was not immediately available for comment.

LFP batteries are cheaper to make and contain no cobalt, one of the most expensive metals used in electric vehicle batteries. Tesla will use LFP batteries in all Model 3 vehicles made in China with standard driving ranges, according to the sources.

In China, the world’s biggest car market, Tesla sold

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