Re:Tell HN: I think I found Toyota's battery
by tooltalk on Saturday August 05, 2023 @07:21AM
(#37010933)
>> As for the "new car cost", I suspect Tesla is already at cost-per-vehicle parity with an ICE, but Tesla is keeping a high margin on their cars. <<
You are thinking last year when the auto market was out of whack due to COVID related shortages. Tesla's operating margin is down to 9.6% in 2Q 2023; compared that to Hyundai's 9.5% and Kia's 12.5%.
>> With sodium ion and high density LFP chemistries coming to mass production this year, ICE cost advantage's days are numbered. <<
LFPs are still limited to entry-level, low-range EVs because of low energy density and weight. The cost of LFP's is't that attractive when the price of lithium is above $20K.
You are thinking last year when the auto market was out of whack due to COVID related shortages. Tesla's operating margin is down to 9.6% in 2Q 2023; compared that to Hyundai's 9.5% and Kia's 12.5%.
>> With sodium ion and high density LFP chemistries coming to mass production this year, ICE cost advantage's days are numbered. <<
LFPs are still limited to entry-level, low-range EVs because of low energy density and weight. The cost of LFP's is't that attractive when the price of lithium is above $20K.