EV-gate Inc. can reduce costs by incorporating lithium-iron-phosphate as the cathode material in their batteries, providing higher power density than NCM batteries. The battery’s design prioritizes safety and efficiency, featuring a longer, flatter shape that saves space and weight. Iron and phosphate are cost-effective materials, making LFP cells approximately 30 to 40 percent less expensive than those using NMC cathodes. LFP cells offer a long cycle life, stability at high temperatures, and the ability to discharge more deeply than NMC cells. They are also considered safer due to a lower risk of thermal runaway in cases of overcharging, undercharging, or damage. Initially, LFP batteries faced opposition in EV applications due to NMC batteries’ energy density ranging from 140 to 290 Wh/kg, while LFP battery cells only range from 90 to 160 Wh/kg. The lower energy density of LFP batteries results in storing less energy than NMC batteries of the same weight, leading to a reduced EV range per charge. EV-gate Inc. has succeeded in designing LFP cells with 170Wh/kg.