Battery Cell Costs Drop to Almost US$100/kWh, Despite Lithium Price Volatility, finds IDTechEx

IDTechEx has also noted a shift towards higher nickel content NMC, such as NMC 9.5.5, which has a nickel content of 90%, compared to 80% for the standard NMC 811. This allows for lower intensities of cobalt, which is a more expensive metal. This difference is especially notable during period of high cobalt prices.