Global EV battery oversupply could help Slate get better batteries deal

[catiare]

This should help Slate get a better deal for the batteries. Even offering just one pack (the 240-mile version) for the lowest price tier. One can dream.

 

[ScooterAsheville]

They've announced they're looking for a new supplier. The ironic thing is that all that battery capacity is being sucked up for utility scale batteries. One person's loss is another person's gain.

 

[Letas]

Unlikely it will move the needle much- these mfgs are going to shift their product to secondary storage units.

 

[jesse boyd]

They've announced they're looking for a new supplier. The ironic thing is that all that battery capacity is being sucked up for utility scale batteries. One person's loss is another person's gain.

Utility scale is LFP, not NMC. It’s the NMC capacity that’s in excess and should see declining prices. Good for Slate prices, doesn’t matter for utilities.

 

[jesse boyd]

Unlikely it will move the needle much- these mfgs are going to shift their product to secondary storage units.

These aren’t LFPs. NMC is mostly an EV play. Should see some good price declines.

 

[sodamo]

Perhaps a change of thought, 240m battery = Standard, 150m battery = economy option.

but then I might have to reevaluate.

 

[AZFox]

It makes sense for this to happen because car manufacturers are collectively scaling back EV production plans.

This is supposedly due to "weaker-than-expected consumer demand", but that's probably because the average price of a EV is currently higher than the average price of a new ICEV in our market.

Slate Auto's idea to build a minimalist EV is ahead of its time, especially because their first model is a small pickup and there's unmet demand for those.

If cells cost less that allows Slate to price the truck more competitively and still be profitable.