Vehicle OEM Nissan is targeting a $75/kWh cobalt-free and solid-state lithium-ion battery for its electric vehicles by the close of the decade.
Nissan aims to develop its lithium-ion battery technologies and introduce cobalt-free technology to reach the figure by fiscal year 2028.
Nissan believes solid-state battery packs could be as cheap as $75/kWh by 2028, and aims to bring the cost down to $65/kWh in a bid to achieve cost parity between EV and gasoline vehicles.
These are high ambitions, as a BNEF report this month noted that real term lithium-ion battery pack prices had reached $132/kWh this year— but rising raw material prices could mean the mythologised $100/kWh price may not materialise until 2026.
Japanese firm Nissan plans to launch an EV fitted with its proprietary all-solid-state batteries and is preparing a pilot plant in Yokohama, Japan as early as 2024.
Some of the price goal will depend on Nissan’s economy-of-scale, with the vehicle maker working with its partners to increase its global battery production capacity to 52GWh by 2026, and 130GWh four years later.
Nissan also intends to expand its battery refurbishing facilities beyond Japan with new locations in Europe next year, and in the US in 2025 to support its circular economy in energy management.