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Battery Report 2025, page 78: Costs

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  1. https://www.crugroup.com/
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Chinese EVs Benefit from Low Pack Production Costs Alongside High Pack Efficiencies Chinese EV manufacturers enjoy a cost and performance advantage driven by:

Source: Content & analysis provided by CRU Group (Distinguished Partner). For more information, visit crugroup.com

Cell pricing: Low cell costs and vertically integrated pack (and vehicle) production results in the lowest pack costs globally.

Pack architecture: Many Western EVs still use pouch-based packs containing many modules, while Chinese packs centre on prismatic formats and increasingly cell-to-pack architectures, enabling high volume utilisation.

Chemistry choices: Western manufacturers remain centred on NMC/A up to recently, while Chinese producers have largely shifted to LFP, benefiting from lower material costs.

Efficiency: Many Chinese EVs demonstrate competitive range efficiency, delivering similar or higher range per kWh compared to their peers.

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

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