Absolutely 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 po

Absolutely 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.