EV LFP Battery Price War at Less Than $56 per KWh Within Six Months

GM forecasted $87/KWh for Ultium cells by 2025 early last year. Then, just 9 months later, the company also reported 40% decline in cell cost YoY in 3Q of last year.

The price of lithium has fallen by 80+% since the 2022 peak: there isn't some CATL and BYD rivalry that some make it out to be.

Imagine 40kWh batteries in homes for $5000 installed. It's not far off.

Fill up every night at 5c/kWh off peak. Sell for a profit when the price is right

Good play. Threat of startup breakthroughs will be crushed.