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China’s Envision pledges EV battery costs of $50/kWh by 2025

Thu, 04/25/2019 - 12:40 -- John Shepherd
China’s Envision pledges EV battery costs of $50/kWh by 2025

The new Chinese owner of Nissan’s former international lithium-ion business has pledged to slash the cost of manufacturing electric vehicle battery cells to around US$50 per kWh by 2025.

Envision Group CEO Zhang Lei, whose Shanghai-based group recently finalised its acquisition of the Automotive Energy Supply Corporation (AESC), said: “The EV sector is facing three major challenges: safety, cost and grid integration. Digitalisation is the key to all of these.”

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