Not quite champ. Only 4% Lithium in a LFP battery for example. The price of Lithium can triple, and it doesn't have a material impact on the price of the battery itself.
he majority of the efficiencies in the cost of the battery pack come from scale and manufacturing improvements.
If your logic held true it would imply that Lithium prices have fallen 1000% from 2010, which isn't the case
Good News & Bad News, page-39956
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