Renault’s EV unit Ampere to bet on LFP technology for EV batteries

PARIS, (Reuters) – Renault’s EV unit Ampere on Monday said it would include the lithium iron phosphate (LFP) technology in its plans to mass produce electric vehicles, teaming up with suppliers LG Energy Solutions and CATL to build a supply chain in Europe.

Western Automakers are under pressure to expand their range of chemical battery technologies to meet the needs of all market segments amid fierce competition from their often cheaper Chinese rivals.

“This decision is an effective and cutting-edge response to market volatility and change in technologies,” Ampere said in a statement, adding that LFP batteries will equip “several” models of Renault and Alpine brands over the next years.

The company also pledged to work towards the development of so-called Cell-to-Pack battery solutions, aimed at boosting the range of its electric cars, together with LG Energy Solutions.

Reporting by Tassilo Hummel, Gilles Guillaume, Editing by Dominique Vidalon