Rivian, the electric vehicle (EV) startup, has announced its plan to switch its entire lineup to lithium iron phosphate (LFP) batteries.
Production of Rivian in Q1
The company has set a target of producing 50,000 units this year and is confident it can achieve it, which is good news for the company’s profitability.
Advances in technology, such as the Cell-to-Pack system, can improve energy density by packing more cells and using the pack as a structural component of the car.
Li-ion batteries are preferred for electric vehicles due to their high energy density, power density, long lifespan, low self-discharge, and fast charging compared to other batteries.
Different types of cathodes (based on materials made up) like Nickel Manganese Cobalt (NMC), Lithium Cobalt Oxide (LCO), and Lithium Iron Phosphate (LFP) are available to use in Li-ion batteries.
Its higher cycle life can be two times more than others, with nearly 2500-3000 charge cycles. Wide range of temperatures operability and can withstand 30% higher temperatures.
Rivian’s partnership with Amazon for the EDV van has faced some challenges due to lower-than-expected orders.
Rivian’s Partnership with Amazon