TOKYO -- AESC Group will start producing a cheaper alternative to lithium-ion batteries at a new plant coming online in Spain in 2026, the Japan-based company said Thursday.
Electric vehicles
Japan's AESC to make cheaper EV batteries at $1bn plant in Spain
Nickel-free LFP cells seen helping lower vehicle prices
Lithium iron phosphate batteries can be made more cheaply than lithium-ion batteries typically used to power EVs, but deliver a smaller driving range. © Reuters
Read Next
Latest on Electric vehicles
