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Despite the focus on the EV manufacturer price war in recent narratives, attention on battery suppliers remains limited. Sources from BYD have indicated that the competition among battery manufacturers is intense, with monthly renegotiations of prices becoming a norm. This phenomenon signals the emerging landscape where battery costs could significantly impact the overall pricing structure while fueling innovation in the EV sector.
The implications of this price war extend beyond just cars, influencing energy storage systems and various sectors across the global economy. Batteries are not only integral to automobiles – they serve as critical components in technological systems vital to daily life.