Ali Adim’s Post

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Manager | Head of the battery research team

Tune in to the latest episode of the Autology podcast, where I discuss the findings from our newly released #batteryprice report with Amit Panday and Hugo Cruz, PMP. Here are the key highlights: - Since 2022, we've observed a dramatic decline in battery prices, primarily driven by falling battery metal costs. Our proprietary models indicate average prices of $56/kWh for #LFP and $69/kWh for NCM811 in China—down 30% from last year. - We anticipate steady battery prices for the remainder of the decade. While commodity prices are projected to rise, this will offset cost reductions achieved through efficiency improvements. - The price disparity between #LFP and #NCM chemistries in Europe and North America is much smaller than in China. Notably, low-cost NCM alternatives like high-voltage mid-nickel and high-manganese are becoming increasingly competitive with European LFP. - For battery suppliers to maintain profitability, controlling production scrap rates is essential. With margins projected in the low single digits for 2024, even a 5% difference in scrap rates could be existential for suppliers. #batteries #EV #autology #electricvehicles #batterymetals

Battery Pricing

Battery Pricing

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