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So six times the price is not going to break the bank? Sure, aganst ten times the value of other msterials per weight of battery, it's not a bank breaker, but
by manicdee 11y ago
So six times the price is not going to break the bank?
Sure, aganst ten times the value of other msterials per weight of battery, it's not a bank breaker, but what is that price compared to the profit margin? If the margin on a $100 cell is $15, and the value of lithium in the cell is $5, you've broken the bank by costing the entire margin and then some.
- hueving 10y agoSo right now lithium is at $5/lb. Let's say you have an incredible breakthrough and reduce it to $1/lb. The cost of that battery now becomes $96 with the same profit margin. I don't think that really falls into the category of "changing the world", at least in the sense of it revolutionizing the battery industry.