China’s Batteries Are Now Cheap Enough to Power Huge Shifts
We no longer need to model for when cell prices drop far enough to decarbonize road transport. That day is here.
An electric-vehicle battery pack on display in Shanghai.
Photographer: Qilai Shen/BloombergThanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
Prices for batteries in China are plummeting, and the implications are just starting to ripple outward for the global automotive market.