EV Battery Prices Continue To Decline Over 10% In August: Report
Portfolio Pulse from Shivani Kumaresan
A report from TrendForce indicates a continued decline in EV battery prices due to a decrease in demand. The average price drops of EV square ternary cells, LFP cells, and pouch ternary power cells reached 10%. This has led to a slowdown in battery production and a decrease in energy storage cell prices. The report also indicates a continued drop in the prices of lithium salts and cobalt [II, III] oxide. General Motors' Ultium Cells and Tesla's Cybertruck and Model 3 are mentioned in the context of the EV market.
September 08, 2023 | 3:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Ford is not directly mentioned in the article, but as a major player in the EV market, the decrease in battery prices could potentially impact their production costs.
While Ford is not directly mentioned in the article, as a major player in the EV market, the decrease in battery prices could potentially impact their production costs, which could in turn affect their profitability.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
General Motors' Ultium Cells is mentioned in the article. The decrease in battery prices could potentially impact their production costs and profitability.
General Motors' Ultium Cells is mentioned in the article. The decrease in battery prices could potentially impact their production costs, which could in turn affect their profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Toyota is not directly mentioned in the article, but as a major player in the EV market, the decrease in battery prices could potentially impact their production costs.
While Toyota is not directly mentioned in the article, as a major player in the EV market, the decrease in battery prices could potentially impact their production costs, which could in turn affect their profitability.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Tesla's Cybertruck and Model 3 are mentioned in the article. The decrease in battery prices could potentially impact their production costs and profitability.
Tesla's Cybertruck and Model 3 are mentioned in the article. The decrease in battery prices could potentially impact their production costs, which could in turn affect their profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70