Volkswagen:Competition From China EVs: Difference between revisions

* According to BBVA Research, battery sales by Chinese automakers accounted for 60% of worldwide sales in 2022. According to Bloomberg, on average, LFP batteries were 32% cheaper than NMC batteries in 2023<ref>https://about.bnef.com/blog/lithium-ion-battery-pack-prices-hit-record-low-of-139-kwh/</ref>. Bernstein Research expects the difference to hold through 2028<ref>https://www.coronation.com/en/institutional/latest-insights/investment-views/the-rise-of-electric-vehicles-a-focus-on-byd-auto-july-2024/</ref> meaning automakers that use LFP batteries will continue to have an advantage in this area. Similarly, according to International Energy Agency (IEA), LFP batteries are more than 20% cheaper to produce compared to NMC batteries to produce<ref>https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-vehicle-batteries</ref>.

* Some companies such as BYD and CATL also deploy a method called cell-to-pack in batteries. This method enables them to reduce the thickness of the battery layer. According to MG, the method enables them to reduce the thickness of their battery layer to 110 mm compared to 140 mm in Volkswagen batteries. This reduces costs as well<ref>https://europe.autonews.com/blogs/how-mg4-undercuts-vw-peugeot-rivals-price</ref>.

[[File:BBVA Research.png|left|thumb|888x888px|Source: BBVA Research]]