They are likely using LFP batteries instead of ones that take some of the more expensive minerals like cobalt. That is a huge part of the cost of EVs, and LFPs should help keep the price down
They’re using LFP in the Mach-e as well and they’re losing money on every sale at signuficantly higher price tag. So I think it’s gotta be something else.
From what I understand that has more to do with the amount of money they are putting into R&D, not cost of materials for each vehicle. Media has been spinning it, but it is not a 1:1 thing
They are likely using LFP batteries instead of ones that take some of the more expensive minerals like cobalt. That is a huge part of the cost of EVs, and LFPs should help keep the price down
They’re using LFP in the Mach-e as well and they’re losing money on every sale at signuficantly higher price tag. So I think it’s gotta be something else.
From what I understand that has more to do with the amount of money they are putting into R&D, not cost of materials for each vehicle. Media has been spinning it, but it is not a 1:1 thing