Henrik Fisker, chief executive of electric vehicle startup Fisker, said that battery prices would fall next year as new producers tried to capture market share. Fisker said there will be a “dramatic change” in the volumes of batteries and raw materials next year due to “fierce competition” from new battery producers. “There is a breaking […]
> Benchmark Mineral Intelligence, specialising in battery supply chain research and insights, reports that 12.7GWh of new operational capacity entered operation in October 2025. Operational Capacity The grid-scale BESS market saw 12.7GWh of new capacity enter operations globally in October 2025, a y-o-y increase of 29%. China led new operational capacity with just under 8.8GWh of […]
> The global weighted average price for lithium ion cells fell to an over three year low in July mainly due to a continued decline in lithium and other key battery raw material prices so far this year. The latest global average cell price for lithium ion cells fell 4.8% month-on-month to $71.2 per kilowatt hours […]
> The world will need to increase battery production thirty-fold from today’s levels by midcentury to reach Elon Musk’s forecast of 300 terawatt-hours of needed global battery capacity, according to Benchmark’s chief executive Simon Moores. Production of lithium ion batteries will need to increase from 0.6 TWh a year to 20 TWh by 2050 to transition […]
> Since January 2025, 108GWh of LFP production capacity has been announced in North America through to 2030, bringing the total to 281GWh. These announcements have been driven by the increasing importance of the BESS industry in the US, as tax credits for EVs have been phased out. How is future capacity changing? The new capacity […]
> The price of lithium ion battery cells in China could be as much as 15% cheaper than those in North America, due to higher operating costs and raw material prices. The price of nickel cobalt manganese (NCM) 622 pouch cells in China are $103.6 per kilowatt-hour, compared to $121.9 in North America, according to Benchmark’s […]
> The auto industry faces a critical shortage of graphite production outside of China over the next few years, executives warned at the Benchmark Week conference in Los Angeles. Mines and integrated anode projects need to accelerate financing to enter production to meet the rising demand for graphite in electric vehicle batteries, they said. “The industry […]
> India’s pipeline of cathode active material (CAM) production capacity is set to grow more than 50-fold over the next decade. Altmin, Himadri Speciality Chemical, and Epsilon Advanced Materials have the largest pipeline capacities in the country. Almost all CAM capacity under development in India is for LFP, both due to the popularity of the cathode […]
> US President Donald Trump this week secured major investments in US-based projects from Japan and South Korea covering critical minerals, stationary storage, and other high-priority sectors, as part of trade agreements to lower US tariff barriers. The trade deals come ahead of a high-level meeting between President Trump and Chinese President Xi Jinping – the […]