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Average pack price of lithium-ion batteries and share of cathode material cost, 2011-2021

Last updated 13 May 2022

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Sources

IEA analysis based on BNEF (2021).

Notes

Cathode material costs include lithium, nickel, cobalt and manganese. Other cell costs include costs for anode, electrolytes, separator and other components as well as costs associated with labour, manufacturing and capital depreciation.

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