Nissan wants to lower EV prices with cheaper LFP batteries to rival BYD
![Nissan-Ariya-chamber](https://electrek.co/wp-content/uploads/sites/3/2023/12/Nissan-Ariya-lease-prices-2.jpeg?quality=82&strip=all&w=1400)
Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. With cheaper materials, the batteries are about 20% to 30% cheaper to build than lithium-ion batteries with NCM. The move will put it in direct competition with BYD, the leading LFP battery maker.
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