Battery prices in China are falling rapidly with no end in sight. Analysts view the trend as a catalyst in the mass-level decarbonisation of road transport worldwide. Contact online >>
Battery prices in China are falling rapidly with no end in sight. Analysts view the trend as a catalyst in the mass-level decarbonisation of road transport worldwide.
CATL has new rectangular LFP batteries. The LFP EV battery price will be less than $56 per kWh within six months. It is a bigger rectangular battery with each one being like six Tesla 4680 batteries.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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About 70% of China’s EV are below $25k, Half are below $15k. China is about 60% of global EV. 8 million out of 30 million cars in China in 2023. os 5-6 million BEV below $25k.
ArtDeco style might be good!China is well placed to offer low cost EV exports to most of the western world. They have spent the time getting their manufacturing act together and could turn out new designs relatively quickly. Not everyone is looking to own a “bland tin box”!
EVs offer many advantages already in their packaging of the drive train and battery skate. Low center of gravity in a high sided vehicle gives one both confidence in the handling as well as good command of the road through the taller driving position.
I know that nobody in their right mind would even look at the Ford “Edsel”, so the interests of buyers need to be foremost in designer’s minds. “Design studios” are a must!
You do not need to “have” a car to “want” one. Lust drives car sales! Lee Iacocca knew that……Hence, the Ford Mustang….
A $50 per kWh battery with a 2000 cycle life depreciates only 2.5¢ per kWh stored and delivered. This is a game changer for solar energy storage and rented battery modules to drive vehicles.
However, a market economy usually works automatically.Price drops like that will naturally stimulate demand quite a lot if the low prices reach the end users. Every house with solar power will want a battery if only the prices are reasonable.
If the prices don’t reach the consumers, some middlemen are getting rich. Then the producers need to bypass middlemen to get access to higher end user prices.
Here in Sweden, the politicians have closed down half our nuclear power and built a forest of windmills. This results in intermittent production and power shortage very often and the electricity prices skyrocket.The power mix can be seen in real time at: https:// windy day, wind power generates about 40% of normal production (25000 MW). If we could buffer half of these 10000 MW windpower, we would need 5000 * 24h = 120000 MWh of battery capacity. This is just for one small country and this would stabilize the grid and defer building a bunch of nuclear reactors.
Not only did Hertz ax their plans to buy 100,000 Teslas, but the Cybertruck will probably be a North American only vehicle. It looks likely that it won’t pass pedestrian safety standards in China or the EU. Given how much the Biden administration hates Teslas anti-union stance, I would be surprised if the Cybertruck lives long enough to see a second generation model, without a nearly complete redesign.
A storm is brewing. A world of hurt awaits legacy manufacturers and most startups. When EVs sell for less than ICE cars, the laws of economics will exert their brutal toll. Most consumers, with all other factors being equal, choose lowest price.
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