Shenzhen-based electric vehicle giant BYD (aka Build Your Dreams), the world’s second-largest EV-maker, recently made a stunning announcement that it will no longer use cobalt in any of its vehicles. Instead, the company is going all-in on LFP (lithium-iron-phosphate) batteries in place of NCM (nickel, cobalt, manganese) across its entire model line-up.
Last year Telsa said that it too was exploring a cobalt-free battery but, unlike BYD, has yet to make any announcements that it would actually make the switch.
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