3 ms·

I wonder if some of this is due to covid-driven inflation, possibly in china or other countries?

• missedthecue 5y ago
  Covid driven inflation reduced the cost of a battery by $500?
  • MayeulC 5y ago
    > by $500 First, that would be $300, or a 33% reduction. Let me explain the reasoning. If batteries are manufactured abroad and that foreign currency experiences sudden inflation, exchange rates for the local currency would make them quite a bit cheaper, especially in a volatile market if sellers are "desperate" to get some (perceived) more stable currency. I wonder what kind of items that effect would be visible on first, and if that can be used as a tool to look at the market. Now, this would be combined with regular year-on-year advances in battery tech and price reduction. But if the yearly price drop was higher than usual, I was offering a possible explanation.
• rootusrootus 5y ago
  Prices would have dropped faster without covid. Shipping is really problematic on LFP cells direct from China right now. Combined with the surge in RV purchases, prices are not going to drop much further this year. But in a couple more years when things have smoothed back out, it's going to be great.
  • MayeulC 5y ago
    Thank you, I can picture current shipping difficulties. Although, wouldn't that mostly affect big orders and/or guaranteed delivery? Customers on the average Chinese export marketplace are used to long delays (shipping > 1-2 months).