By Simon Moores, Managing Director, Benchmark Mineral Intelligence
The prevailing market price for lithium ion battery cells has fallen to $110/kWh from 2019’s average of $120/kWh as assessed by Benchmark Mineral Intelligence.
The average mid-point price of a lithium ion battery at a cell level per kWh, used in large automotive or electric vehicle (EV) contracts over 5 GWh/year, now stands at $110/kWh yet 6 years ago it was at $290/kWh, Benchmark data shows.
A long-term comparison of prices shows an impressive decline that is a . . .