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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

Price 469
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Nio & BYD consider battery supply collaboration

Teslarati

Chinese automaker Nio and BYD are considering a battery supply collaboration. Nio is turning to BYD batteries for its new affordable electric vehicle (EV) brand. According to Reuters ‘ sources, Nio aims to compete directly with Tesla with its new EV brand, which will be in a lower price range.

BYD 68
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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 CATL plans to supply automakers with 173 Ah VDA-spec LFP cells boasting 2.2C

BYD 52
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Volkswagen to go solo on affordable EVs after ending talks with Renault

Baua Electric

Volkswagen has ended talks with Renault to launch an affordable EV, according to sources. Despite Renault confirming it was in “good discussions” with Volkswagen to build an affordable EV in February, it looks like the automakers may go their separate ways. However, a low-cost Volkswagen electric car is still in the plans.

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. Meanwhile, China has an oversupply of affordable EVs and cells in the battery market. Even Europe is leaning towards domestically sourcing and supplying battery cells for electric vehicles. “In

Recharge 139
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Tesla rolls out Model Y price adjustments in Germany and Sweden

Teslarati

Tesla has initiated a round of price cuts for its best-selling car, the Model Y crossover, in Germany and Sweden. The price cuts were implemented about a week after a series of similar adjustments were rolled out for the Model 3 and Model Y in China. TSLA NEWS: Tesla slashed Model Y vehicle prices by up to €5.000 in Germany.

Sweden 128
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BYD’s strategy to take over Europe [Feature]

Teslarati

BYD and other Chinese automakers have studied the European auto market for years. The publication also shared details about how other Chinese automakers are entering the European market and their plans to beat top-selling brands like Tesla and Volkswagen in the EU’s local electric vehicle (EVs) market.

Europe 79