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

Green Car Congress

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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LG Energy Solution discusses battery production with Chinese suppliers for the EU

Teslarati

LGES’ talks with Chinese material suppliers come after the EU Commission started imposing extra tariffs of up to 38% on imported EVs made in China. “We We are having talks with Chinese firms who will develop LFP cathode with us and produce them for Europe. “We

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Toyota blamed the fallout on the “challenging market environment” and “intensified price competition” in the region. The Chinese EV maker is now No. from June 2023.

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Nio & BYD consider battery supply collaboration

Teslarati

Chinese automaker Nio and BYD are considering a battery supply collaboration. Nio is turning to BYD batteries for its new affordable electric vehicle (EV) brand. According to Reuters ‘ sources, Nio aims to compete directly with Tesla with its new EV brand, which will be in a lower price range.

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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 CATL plans to supply automakers with 173 Ah VDA-spec LFP cells boasting 2.2C

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Tesla rolls out Model Y price adjustments in Germany and Sweden

Teslarati

Tesla has initiated a round of price cuts for its best-selling car, the Model Y crossover, in Germany and Sweden. The price cuts were implemented about a week after a series of similar adjustments were rolled out for the Model 3 and Model Y in China. TSLA NEWS: Tesla slashed Model Y vehicle prices by up to €5.000 in Germany.

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. Meanwhile, China has an oversupply of affordable EVs and cells in the battery market. Even Europe is leaning towards domestically sourcing and supplying battery cells for electric vehicles. “In

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