Benchmark Analysis: Lithium ion battery cell prices close in on $100/kWh & come of EV age, but is this the end for double digit declines?

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 . . .

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