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Battery pack market achieves ‘historic milestone’ as prices fall 89% in 2020

For the first time, battery pack prices of less than $100/kWh have been reported. It comes as new research reveals lithium-ion battery pack prices have this year fallen 89% in real terms.

BMW Group secures raw material supplies for battery cells

BMW Group and China-based firm Ganfeng Lithium have signed a five-year supply contract for the lithium needed as a key raw material for battery cells.