VFBATTERY REPORT
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Cell Costs

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Battery Report 2023, page 39: Cell Costs

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Cell Costs

LMFP & Na-Ion

LMFP & Na-Ion

LMFP cost advantage increases with lithium price. Na-ion cost structure is anode-heavy.

The LMFP-LFP cost difference is more profound in a high lithium price scenario It is also more cost effective to use solid-phase rather than a liquid-phase production route

Na-ion is not yet cost-competitive with Li-ion due to the immature supply chain for hard carbon. This drives up cost of the anode

Short term = 2023 - 2024 | Medium term = 2025 - 2028 | Long term = 2029+

Source: CRU Group [1], [2]

Extracted from the PDF; charts and images may read imperfectly.

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