TU-TESL

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In 2019, the global average price of lithium-ion group is 156 USD / kWh, which is 87% lower than 1100 USD / kwh in 2010. According to the latest forecast of Bloomberg New Energy Finance (bnef), a research institution, the average price of batteries will be close to $100 / kWh by 2023. In 2019, the decrease of global lithium-ion battery pack price is mainly attributed to the increase of sales volume of electric vehicles, the increase of battery orders and the rapid promotion and application of high energy density positive materials, as well as the introduction of new battery pack structure design and lower production cost, which all promote the decrease of battery pool price in the short term. The 2019 Bloomberg future energy Asia Pacific summit held in Shanghai today released the 2019 bnef global lithium ion battery pack price research report. The report predicts that in 2024, the cumulative global demand for lithium-ion batteries will exceed 2twh, and the price will fall below $100 / kWh. This price is seen as the critical point for achieving the purchase price parity between electric vehicles and fuel vehicles, but it will also vary depending on the sales region and vehicle type. The report also specifically studies how car factories and battery factories can continue to reduce battery prices. James Frith, senior energy storage analyst and report author of Peng Boxin energy finance, said: "according to our forecast, by 2030, the annual scale of the battery market will reach $116 billion, which does not include investment in the supply chain. But as the prices of batteries and batteries continue to decline, buyers will be able to get more value for the same money than they do today. " According to the analysis of Bloomberg new energy finance, low battery prices are driving more industries to "electrify", for example, electric commercial vehicles and electric freight cars are becoming more and more popular. However, as commercial vehicles and high-end passenger vehicles may pay more attention to other performance indicators, including battery life, and are not very sensitive to the continuously declining price, the battery specifications will be further differentiated. However, for market-oriented electric passenger vehicles, low battery price will still be one of the most critical indicators to promote the application of products. After 2020, the price of lithium-ion battery will be reduced mainly through reducing production expenditure, introducing new battery design and reforming the supply chain. Logan Goldie scot, head of Bloomberg new energy financial energy storage, said: "due to the process improvement of production equipment, as well as the increase of energy density of positive materials and cells, the manufacturing cost of batteries is also reducing; expanding the production capacity of existing production equipment also provides a low-cost way for the company to expand production capacity." As major automakers begin to build customized electric vehicle platforms, they will be able to simplify battery pack design and promote standardization of different electric vehicle models. The simplified design is also more convenient for production and can be applied to larger or smaller vehicles on a large scale. At the same time, the optimization of battery design is also conducive to simplify the temperature control system and reduce the space required to place each component. As many vehicle manufacturers start to purchase batteries for a single platform from multiple suppliers, it also puts forward higher requirements for the standardization of battery design. In Europe, the demand for electric vehicles is growing and the supply chain is changing. More and more battery manufacturers are building factories in Europe, trying to reduce part of the cost of battery import, especially the cost of transportation and tariff. While there are bound to be setbacks in achieving the target of $100 / kWh by 2024, there is still hope. By 2030, the prospect of a decline from $100 / kWh to $61 / kWh is fraught with many variables. This is not because the goal cannot be achieved, on the contrary, there may be more alternative methods and paths due to the change of battery technology route. After 2025, the importance of energy density of batteries and batteries will become more and more prominent, which determines whether materials and production capacity can be used more effectively. Emerging technologies - silicon or lithium cathode materials, solid-state batteries, new cathode materials - will also be key to helping reduce costs.