Hi all,
First let me say that I’m not a STEM student so my dissertation isn’t going to be super technical and I’m still learning about battery chemistry and application.
I won’t go into too much detail but for part of my research I plan to compare the current and projected costs of LIBs for different applications, EVs, BESS, and Smartphones of which there are three main/most used LIBs; LFP, LCO, and NMC. I came across Bloomberg’s research which states
>[The price of lithium-ion battery packs has dropped 14% to a record low of $139/kWh](https://about.bnef.com/blog/lithium-ion-battery-pack-prices-hit-record-low-of-139-kwh/)
and
>[The industry continues to switch to the low-cost cathode chemistry known as lithium iron phosphate (LFP). These packs and cells had the lowest global weighted-average prices, at $130/kWh and $95/kWh, respectively. This is the first year that BNEF’s analysis found LFP average cell prices falling below $100/kWh. On average, LFP cells were 32% cheaper than lithium nickel manganese cobalt oxide (NMC) cells in 2023.](https://about.bnef.com/blog/lithium-ion-battery-pack-prices-hit-record-low-of-139-kwh/)
I’m a little confused on what’s being described here. The first part is general “lithium-ion battery packs” Does this term include all types of LIBs including LFP, LCO and NMC – would $139/kwh be an average cost of all types of LIBs? Can someone help me understand how this relates to the second paragraph that separates out price and type?
Also in the second paragraph obviously separates them out; LFP and NMC, but distinguishes between “packs” and “cells”
In addition to my other questions, can anyone give me suggestions on how to approach this in my research. If I’m doing a cost comparison should I be using packs or cells? and specific battery type costs, or general LIB costs. Thank you
Source: Livenlove28