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    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

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    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

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    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

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EV Battery Glut Drives Prices Down to $70-75 Per kWh

October 12, 2023
in Science
EV Battery Glut Drives Prices Down to $70-75 Per kWh
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Sources are reporting that Chinese domestic battery cell prices are $70-75/kWh for LFP and $80-90/kWh for NMC. This is significantly lower than BMI’s (Benchmark Mineral) weighted global cell price average of below $100.

This would mean $30 per kWh lower prices would mean $1950 lower prices on a 65 kWh battery pack.

According to my sources Chinese domestic cell prices are $70-75/kWh for LFP and $80-90/kWh for NMC. This is significantly lower than BMI’s weighted global cell price average of “below $100”. Note the numbers are not completely apples to apples but still interesting to compare.

— Lars Lysdahl (@lysdahllars) October 10, 2023

In 2022, the China Alliance for Electric Vehicles (CAEV), China produced batteries equivalent to 545.9 gigawatt-hours (GWh) of power but only 294.6 GWh were installed in EVs. In 2023, 233.5 GWh produced from January through May, while only 119.2 GWh were installed in EVs.

The battery glut is partly due to softening EV sales, but also due to a headlong rush into battery production. In 2022, 50 Chinese battery companies announced capacity expansions of almost $200 billion that would produce enough batteries for 30 million EVs. In 2023, China’s pure BEV sales are projected to be about 8-9 million units and another 2 million PHEV (plug in hybrids with small batteries).

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts.  He is open to public speaking and advising engagements.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Next Big Future – https://www.nextbigfuture.com/2023/10/ev-battery-glut-drives-prices-down-to-70-75-per-kwh.html

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