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Lithium ion battery prices <thread>
The way you will see governments and OEM’s position themselves well under $100/kwh is by using averages of all different chemistries
Since as long as I can remember, battery cell prices were always based on NCM chemistry...
The way you will see governments and OEM’s position themselves well under $100/kwh is by using averages of all different chemistries
Since as long as I can remember, battery cell prices were always based on NCM chemistry...
The battery cell prices we have always collected at @benchmarkmin NCM chemistry - this is the standard.
The tend is below: a healthy drop since 2014 of ~15% compounded. But the rate of decrease slowing significantly since 2017 to now
https://www.benchmarkminerals.com/membership/benchmark-analysis-lithium-ion-battery-cell-prices-close-in-on-100-kwh-come-of-ev-age-but-is-this-the-end-for-double-digit-declines/
The tend is below: a healthy drop since 2014 of ~15% compounded. But the rate of decrease slowing significantly since 2017 to now
https://www.benchmarkminerals.com/membership/benchmark-analysis-lithium-ion-battery-cell-prices-close-in-on-100-kwh-come-of-ev-age-but-is-this-the-end-for-double-digit-declines/
VW, Tesla et al will decrease the cost of battery cells to late $50/kwh, $60s and $70s by blending in the much cheaper LFP chemistry to make a “company wide average”
This of course isn’t innovation but clever marketing.
This of course isn’t innovation but clever marketing.
Real innovation needs all NCM chemistries, especially high nickel >811, and NCA to target $80-90/kwh long term.
With 70-80% of the cost of a lithium ion battery cell being raw materials today, this means *guaranteeing* a long term steady supply of low cost raw materials...
With 70-80% of the cost of a lithium ion battery cell being raw materials today, this means *guaranteeing* a long term steady supply of low cost raw materials...
As @benchmarkmin’s @andyleyland1 explained here, without locking in long term supply and reasonable prices for lithium, cobalt, nickel, graphite, and manganese, #EV makers / OEMs face major battery cost challenges https://www.benchmarkminerals.com/membership/lithium-ion-battery-cell-prices-fall-to-110-kwh-but-raw-material-risk-looms-large-2/
Until the last 8 months, LFP was never a part of the non China EV equation. It makes complete sense for a lower cost, lower range EV strategy for all automakers
But blending this naturally lower cost battery with the higher cost NCM / NCA isn’t innovation...
But blending this naturally lower cost battery with the higher cost NCM / NCA isn’t innovation...
Innovation in dropping battery cell cost comes from real changes in:
battery manufacturing (Gigafactory scale, new formats Tesla’s 4680)
chemistry (to up energy density)
raw material prices / contracts which we help with at @benchmarkmin https://www.benchmarkminerals.com/contact
battery manufacturing (Gigafactory scale, new formats Tesla’s 4680)chemistry (to up energy density)raw material prices / contracts which we help with at @benchmarkmin https://www.benchmarkminerals.com/contact
