EV battery prices to fall to US$100/kWh in 2022, says Digitimes...

EV battery prices to fall to US$100/kWh in 2022, says Digitimes Research
Jessie Lin, Taipei; Adam Hwang, DIGITIMES
Friday 12 July 2019.


As power batteries take up 35-40% of total cost for an EV, battery makers have been making efforts to hike performance and reduce production cost for batteries. China-based Contemporary Amperex Technology, the globally largest EV power battery maker currently, aims to hike energy density for ternary batteries from 245Wh/kg in 2019 to 300Wh/kg in 2020 by increasing content ratio for nickel in cathode materials to over 80% against those for cobalt and manganese. At the energy density, EVs' endurance running distance will increase to 500km.


CATL expected to expand battery production capacity to 136.6GWh in 2022, = to 123kt BG LCE. More than 2018 total world BG LCE.(80kt).

When this comes true, From 2022 new ICE sales will plummet. Used sales and repairs will spike. My simple understanding is BG grade LCE is moving from 40% to 60% of total LCE output. 2019 is the year where everyone retools to higher quality. Chemical and battery makers are interested in BG levels 1,2,3 . Lower quality will be use for glass, ceramics and lubricants.  MS ( Makeup S!!t) will twist the story anyway they can.

Incase anyone forget.
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