Battery Price War: CATL and BYD Pushing Battery Costs Down Further
...Source: https://cnevpost.com/2024/01/17/batte... Transcript: China EV Post reports a fierce price war among power battery manufacturers. CATL is optimizing production to reduce costs. They're offering improved lithium iron phosphate cells without raising prices, targeting electric vehicles in the $13,900 to $27,800 range. Automakers may adopt CATL's new cells in mid-2024 for less than $0.056 per Wh. Meanwhile, BYD's FinDreams is also focused on cutting costs. The average price of square LFP cells has dropped significantly since last year. Leapmotor's VP suggests prices could fall to $0.045 per Wh. Some industry experts worry this could lead to no profit for battery makers, but market share might be prioritized over profit.