EV battery prices are dropping again

Audi battery assembly at Brussels, Belgium, factoryFollowing substantial increases in 2022, EV battery prices are falling again, according to new analysis from Bloomberg New Energy Finance (BNEF). Lithium-ion battery pack prices have fallen 14% this year to a record low of $139 per kwh, BNEF reported this week. This was driven by decreases in raw-material and component prices, as well as...

Stellantis-CATL battery partnership seeks affordable EVs for Europe

Citroën ë-C4Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe. The two companies are...

Toyota aims to tap recycled Prius materials for future US EV batteries

1997 Toyota PriusToyota and battery-recycling firm Redwood Materials on Thursday announced an expansion of their previous agreement that will see Toyota source battery materials from Redwood for future battery production. Toyota announced plans to work with Redwood on recycling of battery materials in June 2022. But it's now confirming plans to also source...