“Chinese companies were making tons of affordable cars, but they hit a slowdown in demand in China.” LFP Battery Technology for Affordable EVsThe car’s battery chemistry also reflects these priorities. The battery was intentionally kept small in order to reduce the car’s cost and weight. Yet designing and manufacturing an affordable EV is only half the battle. Whether or not Mexico’s vision of a domestic EV industry comes to fruition, says Tal, the initiative is a worthwhile step.