Everybody is aware that battery manufacturing has its toll on the environment. This is the main argument of EV detractors trying to defend internal combu.
The Teslasphere trembled at the news that all Model 3 versions miraculously qualify for the full $7,500 IRA tax credit. Previously, the RWD variant built.
Taiwan s top three lithium battery cell manufacturers right now are Formosa, Foxconn, and Taiwan Cement (TCC). Among them, Formosa Smart Energy Tech (FSET) was formed by integrating the five major corporations of the Formosa Plastics Group, including Formosa Plastics, NPC, FCFC, FPCC, and FBC. It has the largest publicly invested production capacity in Taiwan.
With EVs gradually gaining popularity, the demand for mid- to low-price models has grown. EV makers have elected to reduce costs in exchange for price competitiveness. One method is to increase the use of lithium iron phosphate batteries (LFP), which has led to South Korean battery makers being involved in related R&D. The South Korean government has decided to help by promoting LFP battery R&D with an investment of KRW 23.3 billion (approx. US$17.4 million).