Why are lithium batteries more expensive? Is it really cost-effective to buy a lithium battery?

Anyone who has bought an electric car knows that when other configurations are similar, lithium battery electric cars are hundreds of thousands more expensive than lead-acid batteries. And this difference comes from the difference between the two batteries.
So, why are lithium batteries so much more expensive than lead-acid batteries? Compared with the two, which one is more cost-effective?

Q: Why are lithium batteries more expensive?

Answer: The raw materials are imported and the cost is high

Lithium carbonate, the raw material needed to manufacture lithium batteries, is a scarce resource, and currently it is mainly imported. Therefore, from a cost point of view, lithium batteries are higher than lead-acid batteries. In addition, due to the large-scale and matured lead-acid battery industry, coupled with the increasingly fierce price war in recent years, the price of lead-acid batteries has been significantly lower, highlighting the "high" price of lithium batteries.

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In general, considering the cost and other aspects, the current price of lithium batteries is reasonable. Of course, with the development and maturity of the industry and the resolution of mineral resource problems, the price of lithium batteries will also become lower and lower.

Q: Compared with lithium batteries and lead-acid batteries, which one is more cost-effective?

Answer: From the perspective of the depreciation cost of 100 kilometers, lithium batteries may be more cost-effective.
Long service life is one of the outstanding advantages of lithium batteries. Under the premise of correct use, the depreciation cost per 100 kilometers of lithium batteries is similar to that of lead-acid batteries, and even lower than that of lead-acid batteries. Therefore, when choosing a battery, you can comprehensively consider factors such as your own needs and the price of the battery.

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At present, China is already the world's largest manufacturer of lithium batteries. In the future, with the increase in consumer demand, the development of the lithium battery industry and the development of mineral resources, the price of lithium batteries will inevitably continue to fall. In this process, standardizing the production and use of lithium batteries, and doing a good job in the safety science popularization of lithium batteries are the top priorities.

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