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Is it not the lithium that makes up the bulk of the 1200 price tag?
by geokon 5y ago
Is it not the lithium that makes up the bulk of the 1200 price tag?
- elihu 5y agoI don't think so, but I don't have specifics. There's some sources that a typical Tesla battery pack might have about 10-12 or so kg of lithium. LFP is a different chemistry, so it might have a different proportion of lithium but it's probably not hugely different. Lithium isn't particularly expensive (though it might become expensive in the future if demand goes up and production does not).
- Tuna-Fish 5y agoAbsolutely not, and I have no idea why people think it does. It's like there's lithium in the name, so people instantly assume that it makes up a substantial portion of the cost. It does not. Lithium is cheap, currently lithium hydroxide is at ~30$/kg. Of the total cost of a typical LFP battery, the lithium is ~2%. The rest of the materials round up to ~10%, the bulk of the cost is capital and labor.