The choice of chemistry of the battery is based on:

Energy Density (Wh/kg) - how much energy can be stored per unit volume

Power Density (W/kg) - how quickly the energy can be transferred per unit volume

Cycle Life

Temperature Range

Safety

Cost (both initial cost and relative cost)

 

Most used and suitable chemistries in Material Handling Equipment include:

Lithium Iron Phosphate (LFP)

High power density and high level of safety

Nickel Manganese Cobalt (NMC)

Mainly used when compact dimensions are required due to its high energy density

Both technologies are comparable in terms of cycle life and temperature range

The key is to match the battery to the truck and application

image source:Midac Batteries