BNEF average pack price drops to US$139/kWh
BNEF has published its annual Lithium-Ion Battery Price Survey, which has become the bellwether for judging the development of the battery manufacturing industry. This year’s report suggests that the average pack price resumed its decline in 2023, falling to US$138/kWh, down 14% y/y and even below the US$150/kWh level seen in 2021. Given the magnitude of the fall in lithium and other battery raw material prices seen this year, that is probably not a shock. Indeed, blended cell prices according to BNEF are now US$107/kWh, pretty close to the parity level that the industry cites as making EVs comparable to...