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Lithium-Ion Battery Pack Prices Hit Record Low of $139/kWh

BloombergNEF

BloombergNEF’s annual battery price survey finds a 14% drop from 2022 to 2023 New York, November 27, 2023 – Following unprecedented price increases in 2022, battery prices are falling again this year.

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Breakthrough technology for lithium manufacture

Envirotec Magazine

As global effort to fight climate change intensifies, the challenge for battery manufacturers and their supply chains is to find ways to meet the rapidly growing demand for electric vehicles (EVs). Each EV lithium-ion battery pack contains around 8 kg of lithium, and last year global lithium production was 100 000 tons.

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EV lithium consumption in Q3 2022 up 70% over last year

Charged

In Q3 2022, more than 77,000 tonnes of lithium carbonate equivalent (LCE) were deployed in the cells of recently sold passenger plug-in vehicles globally, 70% more than was deployed in the same period the year before, according to Adamas Intelligence. In Europe, deployment rose 18% year-over-year in Q3 2022 to 16,600 tonnes.

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Lithium-ion Battery Market Growing Demand, Globally

altenergymag

The global lithium-ion battery market is expected to grow at a noteworthy CAGR of over 18.9% over the forecast period 2022 to 2030.

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EV lithium consumption rises 40% in 2023, led by Europe and Americas

Charged

Adamas Intelligence data shows that 408,214 tonnes of lithium carbonate equivalent (LCE) were deployed globally in new passenger EV batteries last year, up by 40% from 2022. The third and fourth largest lithium consumers in 2023 were Mercedes and BMW. Source: Adamas Intelligence

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Lithium-ion Battery Market Size to Reach Around USD 183.8 Billion by 2030

altenergymag

According to Vision Research Reports, the global lithium-ion battery market size is projected to reach around USD 183.8 billion by 2030 and growing at a CAGR of 17.81% from 2022 to 2030

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LFP cell average falls below US$100/kWh as battery pack prices drop to record low in 2023

Energy Storage News

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.

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