ONE’s Aries II cells use cathodes made of lithium iron
phosphate. LFP cells are less expensive, safer and more
sustainable than those that use nickel-cobalt-manganese (NCM)
cathodes, but typically provide far less range.
The Aries II cells have significantly narrowed the performance
gap between LFP and NCM, ONE Founder and Chief Executive Mujeeb
Ijaz said at a media briefing on Tuesday.
The Aries II packs are slated to go into pilot production late
next year at ONE’s new factory in Van Buren Township in
southeastern Michigan.
Ijaz said the company’s dual-chemistry Gemini pack will boost EV
range to 600 miles (965 km) and is scheduled to go into
production in 2025-2026.
Gemini marries LFP cells similar to those used in the Aries pack
with higher-energy cells that act as a range extender as charge
is depleted. The range-extender cells use cathodes with no
cobalt and 75% less nickel, along with lithium metal anodes that
use no graphite.
Ijaz said the cost target with Gemini is $50 per kilowatt-hour
at the pack level — less than half the typical cost of today’s
NCM packs.
That would put the cost of a 185kWh Gemini pack at around
$9,250. Today’s battery packs can cost from $12,000 to $20,000,
depending on battery size, weight, chemistry and output.
(Reporting by Paul Lienert in Detroit; editing by Jonathan Oatis)
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