Key facts
- Slate is an electric vehicle startup.
- Slate's EV pickup truck will be priced at $24,950.
- Slate is switching from NMC to LFP batteries for its EV pickup truck.
- The switch to LFP batteries is intended to lower the vehicle's price.
- LFP batteries use less expensive materials than NMC batteries.
- Recent regulatory shifts are benefiting the switch to LFP batteries.
- The Slate EV pickup truck will offer an entry-level range of 205 miles.
- Pre-production prototypes showed improved tow and load ratings.
- The prototypes demonstrated a refined feel.
Slate, an electric vehicle startup, has announced a significant change in its battery technology for its upcoming EV pickup truck, which is slated to be priced at $24,950. The company is replacing its initially planned nickel-manganese-cobalt (NMC) battery cells with lithium-iron-phosphate (LFP) batteries. This strategic shift is primarily aimed at achieving a lower price point for the vehicle. The utilization of less expensive materials inherent in LFP batteries, coupled with recent regulatory shifts, makes this cost reduction possible.