Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 1782
Next
In Process
MetalFasts
  • 1
MetalFastsLevel 1
Asked: December 10, 20192019-12-10T23:08:26+00:00 2019-12-10T23:08:26+00:00In: Materials, Transport

What impact would Gigafactories have on lithium and lithium-ion batteries market?

  • 1
What impact would Gigafactories have on lithium and lithium-ion batteries market?

While lithium is on high demand and prices on an upward trajectory, would Gigafactories not going to worsen the market conditions.

Gigafactories will require more lithium and can also command low costs due to its scale and can kick out smaller producers.

batterieslithium
  • 1 1 Answer
  • 0
Share
  • Facebook

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Need An Account, Sign Up Here

    1 Answer

    • Oldest
    1. Celia Level 1
      2019-12-10T23:17:12+00:00Added an answer on December 10, 2019 at

      Tesla Gigafactories would disrupt lithium production dynamics in positive ways and will reduce the battery costs further.

      There is an expectation of a huge capacity build-up for rechargeable batteries over the next ten year. Such developments would have a multidimensional impact on both lithium and lithium-ion batteries markets.

      Looking at the announced plans, capacity will jump from around 60 GWh in 2016 to 260 GWh by 2020.

      Tesla, BYD, Foxconn, Optimum Nano, China Aviation Boston Power, LG will be some prominent player to boost the supply chain.

      This should send lithium demand to a new level by 2020 and beyond. However, given the economy of scale of these Gigafactories, lithium-ion battery costs are expected to decline significantly without any incentive of significant technological advances by around $100-200/kWh.

      Tesla’s ‘Gigafactory’ is expected to produce its batteries at the cost of around $100/kWh by 2020. The factory is in partnership with Panasonic. General Motors’s Chevrolet in partnership with LG Chem is aiming to bring the lithium-ion battery up to $120/kWh by 2020.

      Other automakers are also expected to follow and bring the battery cost down.

      Currently, lithium is around 2-3% of the total lithium battery cost, which is expected to reduce further. In the worst-case scenario where lithium prices go up significantly, should not have any notable impact on the supply chain.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • What are the types of circuit breakers?

    • What is the market size of the automotive selective catalytic ...

    • What are the top shipyards and shipbuilding companies?

    • Is there any correlation between iron ore and oil prices?

    • What are the top steel producers (companies)?

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.