The automotive industry is currently paying about US$ 63 (€54) per kilowatt-hour for LFP battery cells and US$ 68 (€58) per kilowatt-hour for NMC battery cells. Three years ago, when the price of battery-grade lithium was soaring into the stratosphere and supply chain interruptions were affecting industries around the globe, LFP batteries were costing manufacturers US$ 148 (€127) per kilowatt-hour, with NMC batteries costing US$ 164 (€140) per kilowatt-hour — both more than double their cost today.
At today’s prices, the 81kWh battery for a Kia EV3 costs the manufacturer US$ 5,500 (€4,700).
Prices are expected to fall by a further 10% to 15% by 2030, with further price reductions coming partly from capacity expansions at factories and partly from production process improvements as well as modifications in cell chemistry.
Batteries imported from China, including all export costs are more than 20% cheaper than cells manufactured in Europe, regardless of whether the production site is operated by a Chinese or a European company.
Source: Clean Technica: Read The Article
PSR Analysis: Battery cell prices have already fallen significantly, a trend that is expected to continue. CATL is now claiming its sodium ion batteries — called Naxtra — will eventually cost as little as $10 per kWh moving forward. This could promise battery costs (for the manufacturer) of less than half of their current costs. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
