Will we be waiting a longer than anticipated for NCM811?
Jan 20, 2019
- Rho Motion was in New York in the last week attending Benchmark’s Lithium Breakfast Briefings at both Bank of America Merrill Lynch and Deutsche Bank, where we spoke. Click here to download the presentation
- Among the various excellent presentations one thing that came through was that several commentators, including Benchmark, stated that NCM811 technology may take longer than previously anticipated to become fully comercialised, with 2023 a reasonable target, a delay of roughly two years on previous ideas
- What this means in terms of battery cost, and reaching the $100 per Kwh level to bring EVs on par with ICE is less clear, we also heard that one battery maker has already breached that floor, although the majority of market remains 5-6 years off, and that scale rather than commodity input costs will be the primary determinant of battery costs as the market grows
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