Cobalt, an essential component for certain types of EV batteries, has seen a significant shift in its global production landscape.
The average cost of EV batteries has fallen by 89% since 2010. What makes up the cost of a single EV battery cell?
In Part 3 of The Battery Series, we look at the market for rechargeable batteries, as well as the exploding demand for lithium-ion batteries in particular.
Tesla's $5 billion Gigafactory turns out to be a part of a larger trend. Battery-making capacity built by lithium-ion megafactories will triple by 2020.
