Electronics and Semiconductors

The cost of an EV battery cell

15 May 2022
Source: Electronics360 News Desk

As the global supply of electric vehicles (EVs) and demand for their batteries are increasing, the average price of a lithium-ion EV battery pack has fallen to just $132/kWh in 2021, declining by 89% since 2010.

Rechargeable Li-ion cells account for about 77% of the total cost of an average battery pack, or about $101/kWh. What drives the cost of these devices?

The cost of each cell’s cathode, which could be based on lithium iron phosphate or lithium nickel manganese cobalt, for example, adds up to more than half of the overall cell cost. The manufacturing process, which involves producing the electrodes, assembling the different components and finishing the cell, makes up 24% of the total cost.

The anode is another significant component and accounts for 12% of the total cost — around one-fourth of the cathode’s share. The anode in a Li-ion cell is typically made of natural or synthetic graphite, which tends to be less expensive than other battery commodities.

Discover more about battery pack technology and suppliers on GlobalSpec.com.

To contact the author of this article, email engineering360editors@globalspec.com

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Find Free Electronics Datasheets