A slowdown in the growth of EV sales—and a threat from highly competitive Chinese carmakers—is roiling plans for dozens of gigafactories across the U.S. and Europe.
The bell tolls for non-Chinese EV and battery makers too slow to iron-led batteries: Even at a rock-bottom $52/kWh for iron-led LFP EV batteries, China's battery makers are earning a tidy 17% profit after all-in costs of $44.43/kWh, BNEF says.
