World’s largest EV battery maker set to cut costs in half by mid 2024
Source: CATL
According to a recent report from CnEVPost, Chinese battery storage maker CATL – the world’s biggest – is set to reduce the cost per kWh of its lithium iron phosphate (LFP) cells by a stunning 50 per cent by mid 2024, paving the way for lower cost electric cars.
The 173-Ah VDA-spec square cells (148 mm x 26.5 mm x 91 mm) can be fully charged in less than 3o mins and will be sold to several EV manufacturers for an average of RMB 400/kWh (or $US56.47/kWh), according to the report.
Th...
Read more at thedriven.io