Battery prices are generally predicted to decline as production methods improve
Potential customers of Britishvolt were quoted prices of up to a third higher than competitors as the company prepares to battle cheaper Chinese rivals.
One potential buyer told The Telegraph that he was put off by quoted prices for delivery in a few years’ time exceeding today’s prices.
Battery prices are generally predicted to decline over time as production methods and technology improve.
Chinese battery makers have an edge in that the country owns lithium mines and is home to about two thirds of the world’s processing and refining capacity. This allows them to undercut the competition, since they are less exposed to the volatile pricing of the minerals needed to make the cells.