Brendan Jephcott’s Post

MG is set to introduce a fully-electric model with a solid-state battery as early as Q2 2025! This places MG ahead of mainstream competitors like Volkswagen in the race for mass production of solid-state batteries. 🌟 While specifics are yet to be revealed, MG’s solid-state battery is expected to share similarities with the ‘Lightyear’ battery from IM Motor, boasting an energy density of 368 W/kg and impressive range capabilities. 📈 SAIC, MG’s parent company, plans to leverage economies of scale to make these batteries up to 30% cheaper than current lithium-iron-phosphate (LFP) batteries, paving the way for more affordable electric cars. 💰 #MG #ElectricVehicles #SolidStateBattery #Innovation #Sustainability #Automotive #EV #GreenTech #FutureOfMobility

LFP battery adoption into electric vehicles continues momentum with new mainstream low to mid-end models choosing LFP batteries. Ternary batteries will maintain 40% market share for the time being, however over the next 2-3 years we will also see an increasing market penetration of LMFP batteries into the EV supply chain as lithium-ion battery companies are currently qualifying LMFP battery products with auto companies. https://lnkd.in/gdXFBYhA #lithium #nickel #cobalt #manganese

The average price of lithium-ion battery packs has fallen the most in seven years, according to a BloombergNEF survey, in a development likely to accelerate price parity between electric vehicles and gasoline-powered cars. The cost of battery packs has dropped 20% to $115 per kilowatt-hour in 2024, according to BNEF’s annual battery price survey. An overcapacity in cell production, lower metal and component prices and the continued shift to using cheaper lithium iron phosphate batteries drove the decline, the survey said. The faster-than-expected decline signals that prices for electric vehicles could fall to similar levels to internal combustion engine vehicles as soon as in 2026, when average pricing is expected to fall below $100/kWh, the benchmark often referenced as the point of price parity. This has already been achieved in the Chinese market where average battery EV prices are below their gasoline-powered counterparts, according to the report. https://lnkd.in/ea9fNn_x

Technology and markets work in tandem, and siloed analysis always misses the point., we have reached the breaking point for EVs, their upfront cost getting cheaper than ICEs

Global battery electric vehicle sales are on the rise, with a 13% increase in the first four months of 2024. Despite this growth, there are concerns about the penetration rate and economic factors affecting the industry. Read more: https://ow.ly/7GK250Sn5Kp #EVs #Automotive #Batteries

#nickel 05:30 UTC Nickel28.biz nickel price story: Supply up and Demand down. Adamas Intelligence May 29, 2024: "Big swing to plug-in hybrids starting to hurt battery nickel demand" Excerpts: Through the first quarter of 2024 global plug-in hybrid electric vehicle (PHEV) registrations surged by 55% year on year to 1.2m units while full battery electric vehicle (BEV) and conventional hybrid electric vehicle (HEV) sales increased just 13% and 17%, respectively, over the same period. Consequently, the amount of nickel contained in the average electric vehicle (BEV, PHEV and HEV) sold globally during Q1 2024 fell by 5% year on year to 13.8 kilograms as PHEV registrations growth worldwide far outpaced that of full BEVs – the latter of which contains a larger battery and greater nickel loading on average. Consequently, with PHEV sales surging in Q1, the amount of nickel contained in the average electric vehicle (BEV, PHEV and HEV) sold globally during the same period dropped by 5% to 13.8 kilograms. The combined capacity of high nickel batteries – NCM 6-, 7-, 8-, 9-Series and NCA – in newly sold EVs grew by a pedestrian 9.5% in Q1.   In contrast, the workhorses of the EV battery industry – LFP and NCM 5-Series packs – saw deployment leap by 37% and 36% respectively.  https://lnkd.in/eJnnnmc3 Advantageous Information

The price of battery cells has dropped by half in a year, as the companies producing them battle with overcapacity and cut prices to retain market share. The factors driving a 51 per cent drop in the price of battery cells - as reported by BloombergNEF (BNEF) analysts - include a drop in the price of raw materials such as lithium, and lower than predicted demand from the global transition to electric cars, which is happening more slowly than the battery industry hoped. https://lnkd.in/gBkRv-G7

There is a long-term demand for battery cost reduction and there is strong momentum for the commercialisation of LMFP cathode material. Since the beginning of 2023, electric vehicle manufacturers have frequently carried out price cuts and price promotions. New energy vehicle auto companies, led by BYD have implemented the "same price for petrol and electricity" strategy, and the pricing of its new electric vehicle models is in line with traditional internal combustion engine vehicles. In the long run, "the same price for internal combustion vehicles and electric vehicles" is the only way for electric vehicles to replace internal combustion vehicles. The demand for cost reduction in the industrial chain continues to exist. As the battery is core of the vehicle cost, they are bound to bear the greatest cost reduction pressure. Therefore, lithium-ion battery manufacturers have a strong willingness to switch to LMFP batteries, which has an excellent overall cost performance, and has become the core driving force for the commercialisation of LMFP cathode material. https://lnkd.in/gdXFBYhA #lithium #nickel #cobalt #manganese #electricvehicles

While Solid state batteries hold great promise, there are still technical and economic challenges to address. Industry experts suggest that it will take likely at least 5 to 10 years before they can be widely adopted and costs need to come down significantly...

🔋 Exciting News Alert! 🔍 Rumor has it that CATL and GM are in talks to potentially build a #LFP battery plant in North America! 🌎🔌 While details are still under wraps, speculation suggests that the plant could be operational around 2027. With the rise of #electricvehicles and the push for #sustainableenergy solutions, this collaboration holds immense potential to reshape the #automotive industry and drive innovation forward. 🚗⚡ Stay tuned for updates as this story unfolds! And remember, when it comes to staying ahead in the industry, Industrial Reports has you covered with the latest #projectleads and insights. 💼💡 #EV #Innovation #Industrialconstruction #industrialequipment #manufacturing https://lnkd.in/eXiYH8A5