Sources and links on page 11 (2)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
Text on page 11
China has the cheapest battery pack prices ($111/kWh)
U.S. pack price ($155/kWh, 40% higher than China)
E.U pack price ($177/kWh, 60% higher than China)
Factors Decreasing Price
Adoption of low-cost cathode chemistry LFP (On average, LFP cells are ~30% cheaper than NMC cells in 2021) Decreased use of Co in Ni-based cathodes
Factors Increasing Price
Rising commodity prices (Li, Co, Ni) Increased costs for key materials (e.g. electrolytes)
Source: Bloomberg, BNEF Battery Price Survey
Extracted from the PDF; charts and images may read imperfectly.
Page 11 · 2/8