FILE PHOTO: A Renault 5 E-TECH Electric Prototype car is displayed during Renault Group capital market day for its new electric vehicle unit Ampere, in Paris, France, November 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
PARIS/SEOUL (Reuters) -Renault's electric vehicle unit Ampere said on Monday it would include lithium iron phosphate (LFP) technology in its plans to mass produce EVs, teaming up with LG Energy Solution (LGES) and CATL to build a supply chain in Europe.
Western automakers are under pressure to expand their range of chemical battery technologies to meet the needs of all market segments amid fierce competition from their often cheaper Chinese rivals.
