Battery prices in China are falling rapidly with no end in sight. Analysts view the trend as a catalyst in the mass-level decarbonisation of road transport worldwide.
I found an interesting graphic that shows regional price trends compared to china. A few years ago, battery prices in Europe were 80% higher than in china. By 2023, this difference decreased to 20%.
I found an interesting graphic that shows regional price trends compared to china. A few years ago, battery prices in Europe were 80% higher than in china. By 2023, this difference decreased to 20%.
Here is the image (source)
China definitely had an advantage a few years ago, but the gap is shrinking.