Batteries

In freefall: Battery prices hit record lows

In freefall: Battery prices hit record lows

Battery prices—especially in China—are in near freefall, as recent analyses show, with electrive.net reporting the trend. This price drop is impacting the entire value chain and affecting the Chinese auto market, where electric vehicles are now often cheaper than their gas-powered counterparts. DRIVEN explores the causes of this development and potential implications for the European market.

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Trend reversal: LFP  batteries set to fully displace traditional NMC storage

Trend reversal: LFP batteries set to fully displace traditional NMC storage

When it comes to stationary energy storage, most discussions have centered on lithium-ion batteries using Nickel-Manganese-Cobalt (NMC) as cathode material. However, a technological shift has been evident over the past two years. The trend is rapidly moving towards Lithium Iron Phosphate (LFP) batteries, which are expected to dominate with over 90% market share soon. This change is making stationary energy storage more affordable, driving market growth.

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2023: Energy storage boom with record-breaking triple expansion

2023: Energy storage boom with record-breaking triple expansion

The energy storage market is experiencing rapid growth. In 2023, the global market nearly tripled, marking the largest year-over-year increase to date. In Germany, the sector saw a 46% increase compared to the previous year, driven primarily by the rising demand for home energy storage systems. To sustain this momentum, political frameworks for large-scale storage facilities must be adjusted to facilitate accelerated expansion.

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Lithium-Ion batteries: What you should know!

Lithium-Ion batteries: What you should know!

Energy storage in the form of lithium-ion batteries has been indispensable for the operation of smartphones, laptops, and e-bikes for many years. They have also established themselves as the technology for the traction batteries of electric cars and are used in storing energy from renewable sources like solar and wind power. But: Who invented the battery storage?

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Battery cells: How they are manufactured!

Battery cells: How they are manufactured!

Climate protection is unthinkable without electromobility across all transport sectors. Electromobility, in turn, needs energy storage. We are familiar with lithium-ion batteries from smartphones, laptops, and e-bikes. But how are high-voltage storage devices like lithium-ion battery packs actually manufactured?

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