Lithium is integral to the majority of electric vehicle battery chemistries, making it one of the world’s most sought-after metals. Ellie and I recently joined Dana on BloombergNEF's Switched On podcast. Listen here: open.spotify.com/episode/1LzZ2f… #batteries #lithium #battchat

🔋Join the BEPA Innovation Uptake Workshop during #BID2023 🚀 Panel Discussion 1: Supporting and Investing in Battery Innovations 🗓️ Date: 15 November 2023 🕒 Time: 15:40-16:35 📍 Location: Centre de Congrès Cité Mondiale 🚀 Register to the workshop ➡ bit.ly/3QEzahp

$3.5B from the DoE to support domestic manufacturing in the US. If you read the announcement, the emphasis on advanced battery manufacturing is interesting as the last round of funding was focused on deploying current commercial tech. energy.gov/articles/biden… #battchat

A nice post on how to become a 🔋 expert, it reminds me that BloombergNEF's Battery Price Survey will be published soon My bet for the 2023 av. pack price is: $134/kWh Where do you think it will come out? Follow Evelina Stoikou for the official number #battchat

Toyota will only produce enough solid state cells for 10,000 EVs by 2030 A long way from the claims of introducing solid state cells to the mass market by 2025… This seems far more realistic and achievable, expect a high price tag jalopnik.com/toyota-only-ma… #battchat

Average battery pack prices continue to hit new lows. Source: bloomberg.com/news/articles/…

After a brief rise in 2022, inflation-adjusted Lithium-ion battery prices are falling again, according to the latest battery analysis from BloombergNEF led by Evelina Stoikou. Pack costs fell 14% this year (largest annual decline since 2018) to $139/kWh. bloomberg.com/news/articles/…

Last year the average global pack prices were $151/kWh. So this should bring them to $130/kWh.

The results from BloombergNEF's 2023 lithium-ion battery price survey are out. Battery prices are back to their declining trajectory, after an unprecedented year of increases in 2022. Average pack prices reached a new record-low of $139/kWh, a 14% decline from last year.⬇️

The drop in battery prices is attributed to lower raw material costs due to significant growth in production capacity across the value chain. Meanwhile, demand may have fallen short of industry expectations. More on the latest HyperDrive piece: bit.ly/3GfIKl5 (2/5)

The average battery pack price number is a result of more than 300 survey data points that BNEF collected from buyers and sellers of batteries from various sectors. China's e-bus and commercial EV sector had the lowest prices at 100/kWh, while prices for BEVs were $128/kWh. (3/5)

Battery prices across sectors have converged in recent years, which is an indication of the industry’s maturation and growth. The price differences across sectors can be attributed to differences in maturity and order volumes, but also cell and pack design requirements. (4/5)

What's next? Battery prices are expected to closely follow the trajectory of raw material prices in the near term. In the long-term, battery pack prices are expected to fall below $100/kWh in 2027. The full press release can be found here: bit.ly/49M78rQ (5/5)

The results of BloombergNEF's 2023 Battery Price Survey are in! 🔋💲🔻 Average prices have fallen by 14% to $139/kWh This is great news for an industry that was hit hard by raw material prices rises in 2022 #battchat bloomberg.com/news/articles/…

It was a pleasure discussing the year in batteries with Markham Hislop!

Very interesting to see Lamborghini licensing an organic cathode material from Massachusetts Institute of Technology (MIT) The fast charging properties are what makes TAQ attractive to the OEM This is the first organic cathode license for an EV I have seen techcrunch.com/2024/01/21/lam… #battchat

Have felt the chill in the Chinese #battery winter 1) more and more Tier 2 battery makers are laying off workers 2) an increasing number of projects got cancelled along supply chain 3) net profit plunge & loss making will be key words for 🔋-related annual reports #battchat

Today's GB News poll is "Would you buy an electric vehicle?" Why let their subscribers have all the fun when you can vote at home just by clicking the link below... midgard.opinary.com/compasses/gbne…

I know my answer, not sure it’s the one GB News wants though 😉 Add your vote 👇

It takes a lot of energy to build an electric vehicle – so are EVs actually cleaner than their gas-guzzling counterparts? According to a new report by BloombergNEF, the answer is a resounding yes.