0:00.0	Welcome back to EV News Daily coming up today. Battery pack prices keep falling. The NAC
0:05.0	standard is improving and Ford Germany are launching the power promise. Plus stay tuned because later
0:10.8	in the show, I'll tell you why Megacorp Stalantis made a good bet on their EV investments.
0:17.3	Well, good morning, good afternoon or good evening, wherever you are in the world. Welcome to
0:20.3	EV News Daily, your trusted source of EVie information. My name is Martin Lee, and I go through
0:25.2	every Evie story, so you don't have to. Patreon supporters get the shows ad-free. You can be like
0:32.5	them by clicking on a link in the show notes. Welcome to a new podcast, producer Gail Gay, Gail Gail, Gail. Thank you, sir, for signing up.
0:41.7	Patreon supporters like Gail put this show on the air. You can do the same.
0:47.0	Click on that link in the show notes. Now, let's get into this great story about battery pack prices continuing to fall. Last year in 2024,
0:56.8	they were down another 20% global lithium-ion battery pack prices, falling 20% last year,
1:03.2	marking the largest annual decline since 2017, according to the International Energy Agency.
1:09.9	This reduction supports lower electric vehicle costs,
1:13.4	and EV cars and trucks remain the main drivers of battery demand globally.
1:18.1	China saw the biggest price decreases,
1:20.4	you won't be surprised to hear,
1:22.0	reflecting their lead in the supply chain.
1:24.3	The report saying that lithium prices in particular were down reaching similar prices to
1:29.4	those in 2015, despite lithium demand in 2024 bit six times higher than 10 years ago.
1:38.2	Battery pack prices fell in all markets, but China's price advantage widened hybrid battery
1:43.1	pack prices actually cost a lot more per kilowatt hour than the cars, the ones we have in our full beves.
1:50.4	That's because in a mild hybrid with a little teeny weeny-weeny-tidly battery, their components are spread across fewer cells, increasing the cost per unit.
2:00.1	The price of such components is spread across fewer cells, and the cost per unit. The price of such components is spread across
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Martyn Lee, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Martyn Lee and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.