Electrification of China's roads could prove to be an uphill struggle.
For most automakers, battery cells cost around R2,810/kWh, the engineers said, although costs for Tesla Inc are believed to be around R2,107/kWh, partly due to its much greater scale of production. Tesla declined to comment.
Firms such as China's Contemporary Amperex Technology Co Ltd , BYD Co Ltd and South Korea's SK Innovation Co Ltd are developing NMC 811 technology. Others are developing similar technologies with slightly different ratios. Batteries jointly produced by Tesla and Panasonic Corp substitute manganese with aluminium and use less cobalt than NMC 811.
But the engineers interviewed caution that even if battery unit costs are brought down to R1,400/kWh, this would not necessarily translate into a steep decline in vehicle costs.
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