Outside of Sparks, Nevada, construction of Tesla's "Gigafactory" progresses over a 15-month period. The enormous plant now manufactures the unique battery packs that power Tesla's new Model 3 vehicle. Data analysis firms like Genscape use Planet imagery and other complementary datasets to analyze the health of the world's manufacturers.

Low-cost batteries are about to transform multiple industries

by Rob Day, Forbes

Lithium-ion battery prices have seen a dramatic decline in manufacturing costs over the past decade. The below chart from a Bloomberg New Energy Finance report released today shows the steady march downward in prices.

In fact, the chart may be understating things a bit. BNEF forecasts that the industry will see $100/kWh by 2023. However, one industry insider told me recently that he’s already seeing costs near that point. If so, that price level may prove to be an inflection point for several major industries.

Read more: https://www.forbes.com/sites/robday/2019/12/03/low-cost-batteries-are-about-to-transform-multiple-industries/#21a0756e1054

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