Just a few years ago treated as a budget technology, today LFP batteries (e.g., BYD's innovative structural Blade Battery cells) are revolutionizing the market. They are installed not only in Asian cars, but also in base versions of Teslas (Model 3/Y RWD) and new cars from Europe (e.g., Volvo EX30).
Advantages: They are incredibly durable (withstand even 3-4 thousand charge cycles without significant degradation), very safe (high thermal resistance to ignition) and cheaper to produce because they contain no cobalt.
Disadvantages: Lower energy density, meaning the battery must be heavier to store the same amount of energy as NMC. In winter, low temperature significantly limits their performance and charging speed until the system warms the pack.
How to care? LFP batteries love being charged to 100%! It is even recommended at least once a week so the BMS (Battery Management System) can properly balance the voltages in individual cells. Understanding this phenomenon is crucial, which is why we always explain the specifics of used Chinese electric cars to our clients.