VFBATTERY REPORT

Costs

Pages 57–68 (12 pages)

Battery Report 2024, page 62: Costs
Text on page 62

How Are Chinese Manufacturers Achieving Super-Low Production Costs? SUPPLY CHAIN EFFICIENCIES GO HANDINHAND WITH MANUFACTURING EXCELLENCE

TOP MANUFACTURERS ARE IN A LEAGUE OF THEIR OWN In recent times, battery costs are mitigated in three main areas: 1. 2. 3.

Manufacturing excellence Supply chain efficiencies Technical innovation

#1 is the foundation for all companies. #2 and 3 give top manufacturers an additional edge over rest of the industry.

Source: Content & analysis provided courtesy of CRU Group Distinguished Partner). For more information, visit https://www.crugroup.com. Model is showing an EV (power) cell, prismatic, synthetic graphite anode

Extracted from the PDF; charts and images may read imperfectly.

Page 62 · 6/12