High lithium costs start to feed into prices of China EV batteries -BMI
By Pratima Desai
LONDON (Reuters) - Soaring costs of materials such as lithium and nickel used to make electric vehicle batteries are starting to feed through into prices of these batteries in China, Benchmark Mineral Intelligence said this week.
This is contrary to expectations that prices of the lithium-ion rechargeable batteries used to power electric vehicles, vital for the energy transition, would keep falling over time as economies of scale kicked in.
However, the initial cost gains from large scale battery production have been achieved with the construction of gigafactories, said Benchmark Mineral Intelligence (BMI) Chief Executive Simon Moores.
Now costs of raw materials, particularly lithium, are rising and feeding into battery costs, he added.
Electric vehicle ...
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LONDON (Reuters) - Soaring costs of materials such as lithium and nickel used to make electric vehicle batteries are starting to feed through into prices of these batteries in China, Benchmark Mineral Intelligence said this week.
This is contrary to expectations that prices of the lithium-ion rechargeable batteries used to power electric vehicles, vital for the energy transition, would keep falling over time as economies of scale kicked in.
However, the initial cost gains from large scale battery production have been achieved with the construction of gigafactories, said Benchmark Mineral Intelligence (BMI) Chief Executive Simon Moores.
Now costs of raw materials, particularly lithium, are rising and feeding into battery costs, he added.
Electric vehicle ...
Read More on Datafloq
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