🧵 1. Lithium prices have dropped 90% since 2022 peak, impacting EV battery costs. Graph shows 10-year evolution of lithium-ion battery prices. #tech
🧵 1. Lithium prices have dropped 90% since 2022 peak, impacting EV battery costs. Graph shows 10-year evolution of lithium-ion battery prices. #tech
🧵 2. Lithium-ion batteries operate by collecting current during charging. Cathode and anode roles crucial. Cell components breakdown: 54% cathode, 18% anode, 28% others.
🧵 3. Average price of lithium-ion battery cells decreased from $290/kWh in 2014 to $103 in 2023. Further price drops expected due to oversupply from China.
🧵 4. Despite price decline, battery demand to soar 9x by 2040. Total capital expenditure of battery industry expected to surge from $567B in 2030 to $1.6T in 2040.
🧵 5. Check out this graphic ranking top lithium-ion battery producing countries by forecasted capacity in 2030. Exciting developments ahead in battery industry.
🧵 Read more at: https://www.zerohedge.com/commodities/lithium-ion-batteries-just-keep-getting-cheaper