Why Tesla is moving to cheaper battery chemistry tried in China

[Tesla](//europe.autonews.com/topic/tesla) Uses LFP batteries in China supplied by [Hyundai Amperex Technology Co., Ltd.](//www.catl.com/en/) , Or CATL, the world's largest battery maker. Batteries, which are cheaper and more stable than alternatives, have traditionally lacked the energy density that is a key component of EVs, but are changing rapidly. CATL has worked with Novi, Michigan-based startups to provide a way to get better performance from their components. [Our next energy](//www.autonews.com/mobility-report/bill-gates-jeff-bezos-among-investors-eyeing-michigan-battery-startup) , It has gained support from Bill Gates' Breakthrough Energy Ventures. These advances mean that batteries are becoming more and more suitable for most regular electric models on all markets. On Tesla's…