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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

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Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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Hyundai and Kia launch new LFP battery project for lower-priced EVs

Baua Electric

South Korea’s leading automakers are doubling down on their efforts to cut EV costs with new battery tech. Hyundai and Kia are teaming up to develop LFP battery materials to power up lower-priced EVs. EcoPro BM will then use the tech to develop LFP battery cathode material. With BYD’s 11.9% of the worldwide market in Q2.

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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 RMB per Wh, significantly lower than previous prices.

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Honda admits it needs affordable EVs with plans for an electric Civic successor

Baua Electric

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda to launch an affordable electric Civic replacement The company revealed two new EV concepts as part of its new “0 series” electric brand at CES earlier this month. Let us know below.

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Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

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The average transaction price (ATP) of a new vehicle in the US declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. The average price paid for a new EV decreased in January by $3,363 (down 5.4%) compared to December. year over year.

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto industry appeared first on TESLARATI.

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EV prices skyrocketed in November, highlighting affordability issue

Teslarati

According to sales data released by Kelly Blue Book today, EV prices were pushed ever-higher in November, likely influenced by supply and demand factors. According to data released by Kelly Blue Book , EV prices were up by 2% compared to October and up 9% from November 2021. compared to October and 4.4% compared to October and 4.4%